Fintel reports that on October 16, 2023, Morgan Stanley maintained coverage of Park Hotels & Resorts (NYSE:PK) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 38.54% Upside
As of October 4, 2023, the average one-year price target for Park Hotels & Resorts is 16.32. The forecasts range from a low of 13.13 to a high of $26.25. The average price target represents an increase of 38.54% from its latest reported closing price of 11.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Park Hotels & Resorts is 2,819MM, an increase of 4.18%. The projected annual non-GAAP EPS is 0.59.
Park Hotels & Resorts Declares $0.15 Dividend
On September 8, 2023 the company declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Shareholders of record as of September 29, 2023 received the payment on October 16, 2023. Previously, the company paid $0.15 per share.
At the current share price of $11.78 / share, the stock's dividend yield is 5.09%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.55%, the lowest has been 0.20%, and the highest has been 13.96%. The standard deviation of yields is 3.20 (n=140).
The current dividend yield is 0.17 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -2.70. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 679 funds or institutions reporting positions in Park Hotels & Resorts. This is an increase of 12 owner(s) or 1.80% in the last quarter. Average portfolio weight of all funds dedicated to PK is 0.21%, an increase of 0.69%. Total shares owned by institutions increased in the last three months by 1.40% to 220,399K shares. 
The put/call ratio of PK is 0.86, indicating a bullish outlook.
What are Other Shareholders Doing?
Goldman Sachs Group holds 11,358K shares representing 5.27% ownership of the company. In it's prior filing, the firm reported owning 7,348K shares, representing an increase of 35.31%. The firm increased its portfolio allocation in PK by 421.14% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 9,349K shares representing 4.33% ownership of the company. In it's prior filing, the firm reported owning 9,881K shares, representing a decrease of 5.70%. The firm increased its portfolio allocation in PK by 4.72% over the last quarter.
Northwood Liquid Management holds 7,020K shares representing 3.25% ownership of the company. In it's prior filing, the firm reported owning 6,306K shares, representing an increase of 10.17%. The firm decreased its portfolio allocation in PK by 3.52% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 6,541K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 6,936K shares, representing a decrease of 6.05%. The firm decreased its portfolio allocation in PK by 6.31% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,224K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 6,567K shares, representing a decrease of 5.51%. The firm decreased its portfolio allocation in PK by 9.30% over the last quarter.
Park Hotels & Resorts Background Information
(This description is provided by the company.)
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
