Park Lodges & Resorts Inc. (NYSE:PK – Get 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:PK – Get 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.
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
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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