Home Rooms Shares Geoffrey Garrett Sells 14,000 Shares of Park Lodges & Resorts Inc. (NYSE:PK) Inventory

Geoffrey Garrett Sells 14,000 Shares of Park Lodges & Resorts Inc. (NYSE:PK) Inventory

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Geoffrey Garrett Sells 14,000 Shares of Park Lodges & Resorts Inc. (NYSE:PK) Inventory

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Park Lodges & Resorts Inc. (NYSE:PKGet Free Report) Director Geoffrey Garrett bought 14,000 shares of Park Lodges & Resorts inventory in a transaction on Thursday, September 14th. The inventory was bought at a mean worth of $12.83, for a complete transaction of $179,620.00. Following the transaction, the director now instantly owns 31,777 shares within the firm, valued at $407,698.91. The transaction was disclosed in a authorized submitting with the SEC, which is out there by means of this hyperlink.

Park Lodges & Resorts Inventory Efficiency

NYSE PK traded up $0.19 throughout buying and selling on Friday, hitting $13.11. 3,947,647 shares of the corporate’s inventory traded fingers, in comparison with its common quantity of three,293,573. The inventory has a market capitalization of $2.83 billion, a price-to-earnings ratio of -52.44, a PEG ratio of 0.84 and a beta of 1.92. Park Lodges & Resorts Inc. has a 12-month low of $10.70 and a 12-month excessive of $15.38. The corporate has a debt-to-equity ratio of 1.12, a fast ratio of two.67 and a present ratio of two.67. The enterprise has a 50 day transferring common of $13.04 and a 200-day transferring common of $12.83.

Park Lodges & Resorts (NYSE:PKGet Free Report) final launched its quarterly earnings knowledge on Wednesday, August 2nd. The monetary providers supplier reported ($0.70) EPS for the quarter, lacking the consensus estimate of $0.58 by ($1.28). The enterprise had income of $714.00 million for the quarter, in comparison with analysts’ expectations of $725.05 million. Park Lodges & Resorts had a detrimental web margin of 1.79% and a detrimental return on fairness of 1.14%. As a bunch, equities analysis analysts anticipate that Park Lodges & Resorts Inc. will submit 1.86 earnings per share for the present fiscal 12 months.

Park Lodges & Resorts Proclaims Dividend

The enterprise additionally just lately declared a quarterly dividend, which shall be paid on Monday, October sixteenth. Stockholders of report on Friday, September twenty ninth shall be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, September twenty eighth. Park Lodges & Resorts’s dividend payout ratio is presently -240.00%.

Wall Avenue Analysts Forecast Development

A lot of equities analysts just lately weighed in on PK shares. Morgan Stanley lower their worth goal on shares of Park Lodges & Resorts from $14.00 to $13.00 and set an “equal weight” score on the inventory in a report on Friday, August twenty fifth. StockNews.com began protection on shares of Park Lodges & Resorts in a report on Thursday, August seventeenth. They issued a “promote” score on the inventory. Barclays lower their worth goal on shares of Park Lodges & Resorts from $17.00 to $16.00 and set an “equal weight” score on the inventory in a report on Thursday, July twenty seventh. Wells Fargo & Firm boosted their worth goal on shares of Park Lodges & Resorts from $13.00 to $15.00 in a report on Wednesday, July twelfth. Lastly, Truist Monetary lower their worth goal on shares of Park Lodges & Resorts from $19.00 to $17.00 and set a “purchase” score on the inventory in a report on Friday. One analysis analyst has rated the inventory with a promote score, 4 have given a maintain score and two have issued a purchase score to the inventory. In accordance with MarketBeat, the inventory presently has a mean score of “Maintain” and a consensus worth goal of $17.43.

View Our Newest Inventory Report on Park Lodges & Resorts

Institutional Traders Weigh In On Park Lodges & Resorts

Hedge funds and different institutional traders have just lately modified their holdings of the inventory. Zurcher Kantonalbank Zurich Cantonalbank elevated its place in shares of Park Lodges & Resorts by 12.4% through the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,274 shares of the monetary providers supplier’s inventory valued at $1,005,000 after shopping for an extra 8,987 shares through the interval. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. elevated its place in shares of Park Lodges & Resorts by 5.4% within the first quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 122,708 shares of the monetary providers supplier’s inventory value $1,517,000 after buying an extra 6,261 shares over the last quarter. Assetmark Inc. elevated its place in shares of Park Lodges & Resorts by 1,792.9% within the first quarter. Assetmark Inc. now owns 19,327 shares of the monetary providers supplier’s inventory value $239,000 after buying an extra 18,306 shares over the last quarter. Cornercap Funding Counsel Inc. purchased a brand new place in shares of Park Lodges & Resorts within the first quarter value roughly $945,000. Lastly, Instructor Retirement System of Texas elevated its place in shares of Park Lodges & Resorts by 41.6% within the fourth quarter. Instructor Retirement System of Texas now owns 75,484 shares of the monetary providers supplier’s inventory value $890,000 after buying an extra 22,185 shares over the last quarter. 91.40% of the inventory is at present owned by institutional traders.

About Park Lodges & Resorts

(Get Free Report)

Park is likely one of the largest publicly-traded lodging REITs with a various portfolio of iconic and market-leading accommodations and resorts with important underlying actual property worth. Park’s portfolio at present consists of 45 premium-branded accommodations and resorts with over 29,000 rooms primarily situated in prime metropolis middle and resort places.

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This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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