Ontario Academics Pension Plan Board lessened its holdings in Park Accommodations & Resorts Inc. (NYSE:PK – Free Report) by 7.0% in the course of the first quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Alternate Fee. The agency owned 108,566 shares of the monetary companies supplier’s inventory after promoting 8,212 shares in the course of the interval. Ontario Academics Pension Plan Board owned 0.05% of Park Accommodations & Resorts value $1,342,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A number of different hedge funds have additionally added to or lowered their stakes in PK. Vanguard Group Inc. lifted its stake in shares of Park Accommodations & Resorts by 1.7% in the course of the 1st quarter. Vanguard Group Inc. now owns 33,696,042 shares of the monetary companies supplier’s inventory value $658,084,000 after shopping for an extra 567,015 shares over the last quarter. BlackRock Inc. boosted its holdings in shares of Park Accommodations & Resorts by 0.9% in the course of the first quarter. BlackRock Inc. now owns 30,213,527 shares of the monetary companies supplier’s inventory value $373,439,000 after buying an extra 278,266 shares in the course of the interval. State Road Corp grew its place in shares of Park Accommodations & Resorts by 5.4% within the second quarter. State Road Corp now owns 13,036,934 shares of the monetary companies supplier’s inventory valued at $177,037,000 after buying an extra 662,640 shares over the last quarter. Goldman Sachs Group Inc. lifted its holdings in Park Accommodations & Resorts by 29.7% in the course of the 2nd quarter. Goldman Sachs Group Inc. now owns 4,798,075 shares of the monetary companies supplier’s inventory value $65,109,000 after buying an extra 1,099,160 shares over the last quarter. Lastly, Cbre Funding Administration Listed Actual Belongings LLC grew its holdings in Park Accommodations & Resorts by 1.8% within the 4th quarter. Cbre Funding Administration Listed Actual Belongings LLC now owns 3,772,828 shares of the monetary companies supplier’s inventory valued at $44,482,000 after shopping for an extra 64,972 shares within the final quarter. Institutional buyers and hedge funds personal 91.40% of the corporate’s inventory.
Analysts Set New Worth Targets
PK has been the topic of a variety of current analysis studies. Morgan Stanley lowered their goal worth on shares of Park Accommodations & Resorts from $14.00 to $13.00 and set an “equal weight” score for the corporate in a analysis report on Friday, August twenty fifth. StockNews.com initiated protection on shares of Park Accommodations & Resorts in a report on Thursday, August seventeenth. They set a “promote” score on the inventory. Barclays dropped their worth goal on shares of Park Accommodations & Resorts from $17.00 to $16.00 and set an “equal weight” score for the corporate in a analysis report on Thursday, July twenty seventh. Wells Fargo & Firm elevated their worth goal on Park Accommodations & Resorts from $13.00 to $15.00 in a analysis report on Wednesday, July twelfth. Lastly, Truist Monetary dropped their worth goal on Park Accommodations & Resorts from $20.00 to $19.00 and set a “purchase” score for the corporate in a analysis be aware on Thursday, July twentieth. One funding analyst has rated the inventory with a promote score, 4 have issued a maintain score and two have given a purchase score to the inventory. In response to MarketBeat.com, the inventory presently has a mean score of “Maintain” and a mean goal worth of $17.71.
Test Out Our Newest Analysis Report on PK
Park Accommodations & Resorts Buying and selling Up 1.2 %
Shares of PK opened at $12.93 on Friday. The corporate has a present ratio of two.67, a fast ratio of two.67 and a debt-to-equity ratio of 1.12. Park Accommodations & Resorts Inc. has a 52-week low of $10.70 and a 52-week excessive of $15.38. The enterprise’s fifty day shifting common is $13.04 and its 200-day shifting common is $12.84.
Park Accommodations & Resorts (NYSE:PK – Get Free Report) final launched its earnings outcomes on Wednesday, August 2nd. The monetary companies supplier reported ($0.70) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.58 by ($1.28). The enterprise had income of $714.00 million in the course of the quarter, in comparison with the consensus estimate of $725.05 million. Park Accommodations & Resorts had a unfavorable internet margin of 1.79% and a unfavorable return on fairness of 1.14%. As a gaggle, analysts forecast that Park Accommodations & Resorts Inc. will put up 1.86 earnings per share for the present yr.
Park Accommodations & Resorts Pronounces Dividend
The enterprise additionally lately disclosed a quarterly dividend, which might be paid on Monday, October sixteenth. Buyers of file on Friday, September twenty ninth might be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized foundation and a yield of 4.64%. The ex-dividend date is Thursday, September twenty eighth. Park Accommodations & Resorts’s dividend payout ratio is -240.00%.
Park Accommodations & Resorts Profile
Park is among the largest publicly-traded lodging REITs with a various portfolio of iconic and market-leading inns and resorts with vital underlying actual property worth. Park’s portfolio at the moment consists of 45 premium-branded inns and resorts with over 29,000 rooms primarily situated in prime metropolis heart and resort places.
See Additionally
Need to see what different hedge funds are holding PK? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Park Accommodations & Resorts Inc. (NYSE:PK – Free Report).
This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention 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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