Park Hotels & Resorts Inc (PK) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Park Hotels & Resorts Inc (NYSE:PK) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. “

Several other research analysts have also recently issued reports on PK. Goldman Sachs Group Inc began coverage on Park Hotels & Resorts in a research note on Thursday, January 5th. They issued a neutral rating and a $31.00 price target for the company. Canaccord Genuity reissued a buy rating and issued a $30.00 price target on shares of Park Hotels & Resorts in a research note on Thursday, January 26th. Raymond James Financial, Inc. began coverage on Park Hotels & Resorts in a research note on Wednesday, March 1st. They issued an outperform rating and a $29.00 price target for the company. Nomura began coverage on Park Hotels & Resorts in a research note on Tuesday, February 14th. They issued a buy rating and a $32.00 price target for the company. Finally, Barclays PLC started coverage on Park Hotels & Resorts in a research note on Monday, February 13th. They issued an overweight rating and a $30.00 price target for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Park Hotels & Resorts currently has an average rating of Hold and an average price target of $30.17.

Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

Park Hotels & Resorts (NYSE:PK) opened at 26.45 on Wednesday. The stock’s 50 day moving average is $26.71 and its 200-day moving average is $27.08. The firm has a market cap of $5.23 billion and a P/E ratio of 39.30. Park Hotels & Resorts has a 1-year low of $25.40 and a 1-year high of $33.40.

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The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a $0.43 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.50%.

About Park Hotels & Resorts

Park Hotels & Resorts Inc, formerly Hilton Worldwide, Inc, is lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment. The Company’s portfolio consists of approximately 70 hotels and resorts with approximately 36,000 rooms located in the United States and international markets.

5 Day Chart for NYSE:PK

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