Park Hotels & Resorts Inc. (PK)
| Market Cap | 2.78B |
| Revenue (ttm) | 2.66B |
| Net Income (ttm) | 331.00M |
| Shares Out | 206.40M |
| EPS (ttm) | 1.57 |
| PE Ratio | 8.60 |
| Forward PE | 19.21 |
| Dividend | $1.40 (10.38%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 5,409,630 |
| Open | 13.54 |
| Previous Close | 13.48 |
| Day's Range | 13.46 - 13.73 |
| 52-Week Range | 13.22 - 18.05 |
| Beta | 2.03 |
| Analysts | Buy |
| Price Target | 19.14 (+41.88%) |
| 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]
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 12 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is $19.14, which is an increase of 41.88% from the latest price.
News
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
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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...
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 ...
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...
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...
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...
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...
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 ...
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...
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...
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 ...