News headlines about Park Hotels & Resorts (NYSE:PK) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.0352579557193 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Exclusive: Universal Orlando Resort scoops up 100 acres off Sand Lake Road (bizjournals.com)
- Hilton (HLT) Tops Q3 Earnings & Revenues, Lifts ’17 View (zacks.com)
- Park Hotels & Resorts Inc. (PK) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Park Hotels & Resorts Inc. (PK) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Park Hotels & Resorts (PK) opened at 28.79 on Wednesday. The stock’s 50 day moving average is $27.90 and its 200 day moving average is $26.88. The firm has a market capitalization of $6.19 billion and a price-to-earnings ratio of 2.47. Park Hotels & Resorts has a 1-year low of $24.65 and a 1-year high of $33.40.
Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $733.00 million for the quarter, compared to the consensus estimate of $716.51 million. Park Hotels & Resorts’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts predict that Park Hotels & Resorts will post $12.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Thursday, September 28th.
A number of equities analysts have recently weighed in on the stock. Boenning Scattergood set a $29.00 price target on shares of Park Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reduced their price target on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Park Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $34.80.
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In other news, Director Stephen I. Sadove purchased 9,600 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of $25.97 per share, with a total value of $249,312.00. Following the completion of the transaction, the director now directly owns 20,151 shares of the company’s stock, valued at $523,321.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.
About Park Hotels & Resorts
Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.
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