Media headlines about Park Hotels & Resorts (NYSE:PK) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Park Hotels & Resorts earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.388444721178 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Uncover High Dividend: Park Hotels & Resorts Inc. (PK) stock Yield stands at 5.57% (nasdaqchronicle.com)
- Volatile Stock to Watch — Park Hotels & Resorts Inc. (PK) (stockmarketstop.com)
- Librating Three Stocks: DowDuPont Inc. (NYSE:DWDP), Silgan Holdings Inc. (NASDAQ:SLGN), Park Hotels & Resorts … (thestreetpoint.com)
- It may be game changer for your Portfolio: Park Hotels & Resorts Inc. (PK), Envision Healthcare Corporation (EVHC) (nmsunews.com)
- Notable Trend Analysis Report: Park Hotels & Resorts Inc., (NYSE: PK), Lululemon Athletica Inc., (NASDAQ: LULU) (globalexportlines.com)
A number of equities analysts have recently weighed in on PK shares. Citigroup started coverage on Park Hotels & Resorts in a report on Tuesday, February 27th. They issued a “neutral” rating and a $27.50 target price on the stock. Nomura dropped their target price on Park Hotels & Resorts from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, March 1st. Boenning Scattergood reiterated a “hold” rating on shares of Park Hotels & Resorts in a report on Monday, March 5th. Bank of America downgraded Park Hotels & Resorts from a “neutral” rating to an “underperform” rating in a report on Monday, March 5th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $28.00 target price (down previously from $30.00) on shares of Park Hotels & Resorts in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.95.
Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, May 3rd. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $668.00 million for the quarter, compared to the consensus estimate of $646.90 million. Park Hotels & Resorts had a return on equity of 6.57% and a net margin of 15.31%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. sell-side analysts expect that Park Hotels & Resorts will post 2.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.43 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.54%. Park Hotels & Resorts’s dividend payout ratio is currently 61.87%.
In related news, EVP Matthew Abram Sparks sold 12,877 shares of the stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $29.87, for a total value of $384,635.99. Following the transaction, the executive vice president now owns 46,931 shares in the company, valued at $1,401,828.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.
About Park Hotels & Resorts
Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park's portfolio consists of 55 premium-branded hotels and resorts with over 32,000 rooms located in prime United States and international markets with high barriers to entry.
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