Park Hotels & Resorts Inc. (PK)

NYSE: PK · Real-Time Price · USD
12.01
-0.27 (-2.20%)
At close: Mar 3, 2025, 4:00 PM
11.95
-0.06 (-0.50%)
Pre-market: Mar 4, 2025, 7:24 AM EST
-2.20%
Market Cap 2.43B
Revenue (ttm) 2.61B
Net Income (ttm) 211.00M
Shares Out 202.04M
EPS (ttm) 1.01
PE Ratio 11.89
Forward PE 18.65
Dividend $1.40 (11.66%)
Ex-Dividend Date Mar 31, 2025
Volume 4,194,188
Open 12.37
Previous Close 12.28
Day's Range 11.96 - 12.50
52-Week Range 11.96 - 18.05
Beta 2.03
Analysts Buy
Price Target 18.68 (+55.54%)
Earnings Date Feb 19, 2025

About PK

Park is one of the largest publicly-traded lodging real estate investment trusts (“REIT”) with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 41 premium-branded hotels and resorts with over 25,000 rooms primarily located in prime city center and resort locations. [Read more]

Sector Real Estate
Founded 1946
Employees 91
Stock Exchange NYSE
Ticker Symbol PK
Full Company Profile

Financial Performance

In 2024, Park Hotels & Resorts's revenue was $2.61 billion, a decrease of -3.62% compared to the previous year's $2.71 billion. Earnings were $211.00 million, an increase of 122.11%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is $18.68, which is an increase of 55.54% from the latest price.

Price Target
$18.68
(55.54% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Buried Treasures: 4 Dramatically Undervalued REITs

REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least ...

4 days ago - Seeking Alpha

REIT Replay: REIT Share Prices Tick Up During Week Ended Feb. 21

Share prices for US equity real estate investment trusts ticked up slightly during the week ended Feb. 21, outperforming the broader stock market. Looking at the Dow Jones US real estate property sect...

Other symbols: CCICNOCTODHCFPIHPPHST
6 days ago - Seeking Alpha

Park Hotels & Resorts Inc. (PK) Q4 2024 Earnings Conference Call Transcript

Park Hotels & Resorts Inc. (NYSE:PK) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Ian Weissman - SVP, Corporate Strategy Tom Baltimore - Chairman & CEO Sean Del...

11 days ago - Seeking Alpha

10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers

Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. ...

12 days ago - Seeking Alpha

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2024 Results and Announces Transformative Renovation at the Royal Palm South Beach Miami

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full-year ended December 31, 2024 and...

12 days ago - Business Wire

Park Hotels & Resorts Serves Up A High Dividend Yield But Share Price Needs To Simmer More

Park Hotels & Resorts gets a neutral hold rating today, in line with the Seeking Alpha quant system. While undervalued, other factors paint a mixed picture to consider. Key strengths are a dividend yi...

23 days ago - Seeking Alpha

Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: BDNEPR
5 weeks ago - Benzinga

69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14

The Value Score identifies large-cap stocks offering the best value relative to their assets and profits, focusing on low-priced, high-value investments. The Ben Graham Formula targets ultra-stable st...

Other symbols: ASCBCSBNSCOLBCPACDBDHT
5 weeks ago - Seeking Alpha

Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends

TYSONS, Va.--(BUSINESS WIRE)---- $PK #dividends--Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2024 cash distributions on its Com...

6 weeks ago - Business Wire

Buy This REIT, But Not For Income: Park Hotels & Resorts

Park Hotels & Resorts Inc. offers a 10% dividend yield and a 24% discount to Q3's book value per share. Management currently guides for portfolio adjustments from non-core assets into core assets and ...

7 weeks ago - Seeking Alpha

World Beaters' 2024 Performance Review

One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold mysel...

7 weeks ago - Seeking Alpha

Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2024 Earnings Conference Call on February 20, 2025

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2024 after...

2 months ago - Business Wire

Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Recognizes Year-to-Date Energy Star Certified Properties

TYSONS, Va., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that the Company has issued its annual Corporate Responsibility (“CR”) Re...

2 months ago - GlobeNewsWire

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

Other symbols: ABABRACREAPOARESARIBDN
2 months ago - GlobeNewsWire

Park Hotels & Resorts Provides Update on Recent Operating Trends and Capital Allocation Highlights

TYSONS, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends. Unless otherwise stated, all ...

3 months ago - GlobeNewsWire

Of 36 Dividend Power Dogs, 11 Are Buyable In November

Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on h...

3 months ago - Seeking Alpha

Park Hotels & Resorts Announces Fourth Quarter Dividend of $0.65 per Share

TYSONS, Va., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter dividend of $0.65 per shar...

3 months ago - GlobeNewsWire

Firming Inflation Fizzles Optimism

U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...

3 months ago - Seeking Alpha

Park Hotels & Resorts Inc. Reinstates 2024 Earnings Guidance; Operators and Union Finalize Long-Term Labor Agreements in Hawaii, Seattle and Boston Ending Nearly Six-Weeks of Strike Activity at Four Hotels

TYSONS, Va., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced its reinstated and updated full-year 2024 earnings guidance following the ...

4 months ago - GlobeNewsWire

UNITE HERE Park Hotels Monitoring Website Now Includes “Review Summaries”

HONOLULU--(BUSINESS WIRE)--Park Hotels Capex Problems now includes excerpts from TripAdvisor's overall summary of certain Park-owned hotels.

4 months ago - Business Wire

Park Hotels & Resorts: If It Is Too Good To Be True, It Probably Is

In Q3, Park Hotels & Resorts generated $649 million, representing a year-on-year decline of 4.4% and missing expectations of $816.40k. For FY2024, the company has pulled its guidance due to uncertaint...

4 months ago - Seeking Alpha

Park Hotels & Resorts Inc. (PK) Q3 2024 Earnings Call Transcript

Park Hotels & Resorts Inc. (NYSE:PK) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairm...

4 months ago - Seeking Alpha

Park Hotels & Resorts Inc. Reports Third Quarter 2024 Results

TYSONS, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2024 and provided an op...

4 months ago - GlobeNewsWire

Hotels Representing Over 30% of Park Hotels' Operating Profit Affected by Strikes, According to UNITE HERE

BOSTON--(BUSINESS WIRE)--Analysis by UNITE HERE finds that over 30% of Park Hotels & Resorts' (NYSE: PK) hotel operating profit affected by ongoing U.S. hotel strikes.

4 months ago - Business Wire

Park Hotels & Resorts' Waldorf Astoria Orlando Ranked Among the Best Hotels in the World by Conde Nast Traveler

TYSONS, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) is pleased to announce that the Waldorf Astoria Orlando hotel has been ranked 9th in the world by Condé Na...

5 months ago - GlobeNewsWire