Park Hotels & Resorts Inc. (PK)
| Market Cap | 2.93B |
| Revenue (ttm) | 2.66B |
| Net Income (ttm) | 331.00M |
| Shares Out | 206.40M |
| EPS (ttm) | 1.57 |
| PE Ratio | 9.05 |
| Forward PE | 15.94 |
| Dividend | $1.00 (7.04%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 2,322,377 |
| Open | 14.25 |
| Previous Close | 14.30 |
| Day's Range | 14.11 - 14.35 |
| 52-Week Range | 13.24 - 18.05 |
| Beta | 2.02 |
| Analysts | Buy |
| Price Target | 18.58 (+30.85%) |
| Earnings Date | Oct 29, 2024 |
About PK
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations. [Read more]
Financial Performance
In 2023, Park Hotels & Resorts's revenue was $2.71 billion, an increase of 7.67% compared to the previous year's $2.52 billion. Earnings were $95.00 million, a decrease of -41.36%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is $18.58, which is an increase of 30.85% from the latest price.
News
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...
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 ...
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.
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...
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...
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...
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.
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...
Buried Treasures: 11 Dramatically Undervalued REITs
REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and a...
Park Hotels & Resorts Announces Third Quarter 2024 Earnings Conference Call on October 30, 2024
TYSONS, Va., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) today announced that it plans to report financial results for the third quarter 2024 after the stock mark...
Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks With Over 7% 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...
This Stock Has A 7.10% Yield And Sells For Less Than Book
Park Hotels & Resorts has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that amon...
Park Hotels & Resorts Provides Update on Hurricane Hone
TYSONS, Va., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE) ("Park") announced today that its two Hawaii hotels—the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room...
Camber Energy Reports Q-2 2024 Revenue of $9.92 Million
Historical Q-2 Revenue Comparison Highlights Significant Growth HOUSTON, TX / ACCESSWIRE / August 26, 2024 / Camber Energy, Inc. (OTC:PK:CEIN) ("Camber" or the "Company") filed on August 26, 2024 its ...
69 All Star And Graham Value Stocks; 49 Fit To Buy In August
Large Cap Value ranking by YCharts focuses on intrinsic firm value of large cap stocks. The Ben Graham Formula strategy selects stable stocks based on earnings, dividends, and valuation based on Graha...
Park Hotels: A Good REIT Story Facing Costs, Labor Headwinds
Park Hotels is at an early stage of recovery, not yet reflected in its price.
Park Hotels & Resorts Inc. (PK) Q2 2024 Earnings Call Transcript
Park Hotels & Resorts Inc. (NYSE:PK) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman...
Park Hotels & Resorts Inc. Reports Second Quarter 2024 Results
TYSONS, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2024 and provided an operat...
20 value stocks with high dividend yields and expected room to raise payouts
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Travel sector in the second half: Here's what to expect
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Park Hotels & Resorts Announces Second Quarter 2024 Earnings Conference Call on August 1, 2024
TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) today announced that it plans to report financial results for the second quarter 2024 after the stock mark...
Park Hotels & Resorts: Asymmetrical Returns In The Cards
Given its robust fundamental growth and aligned valuation, we maintain our buy rating on Park Hotels & Resorts Inc. PK REIT's latest results show illustrious unitary growth. Moreover, a spread between...
Park Hotels & Resorts: Well-Covered Dividend And Undervalued Shares
Park Hotels & Resorts is a hotel REIT, generating a significant portion of its revenue from the Hawaii and Orlando markets. The market outlook is overall positive and the management has guided for a h...
Aulos Bioscience Provides Positive Interim Phase 1/2 Data From AU-007 at 2024 ASCO Annual Meeting
LARKSPUR, Calif.--(BUSINESS WIRE)--Aulos Bioscience, an immuno-oncology company working to revolutionize cancer care through the development of best-in-class IL-2 therapeutics, today shared interim re...
