News stories about Park Hotels & Resorts (NYSE:PK) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0697722841108 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Park Hotels & Resorts (PK) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Longleaf Partners picks up stake in Park Hotels & Resorts (seekingalpha.com)
- Free Research Report as Park Hotels’ Q4 Results Beat Market Estimates (finance.yahoo.com)
- Park Hotels & Resorts (PK) PT Set at $29.00 by Boenning Scattergood (americanbankingnews.com)
- HNA exits Hilton investment early, nets windfall (marketwatch.com)
PK stock opened at $28.59 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6,122.64, a P/E ratio of 10.20, a P/E/G ratio of 2.05 and a beta of 0.28. Park Hotels & Resorts has a 1-year low of $23.91 and a 1-year high of $29.93.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Wednesday, March 28th. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently 61.87%.
A number of research firms have recently weighed in on PK. SunTrust Banks upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Deutsche Bank lifted their price objective on shares of Park Hotels & Resorts from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Boenning Scattergood downgraded shares of Park Hotels & Resorts from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 21st. Finally, Citigroup initiated coverage on shares of Park Hotels & Resorts in a report on Tuesday, February 27th. They issued a “neutral” rating and a $27.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.23.
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Park Hotels & Resorts Company Profile
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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