Park Hotels & Resorts Inc. (PK)
| Market Cap | 3.07B |
| Revenue (ttm) | 2.66B |
| Net Income (ttm) | 331.00M |
| Shares Out | 206.40M |
| EPS (ttm) | 1.57 |
| PE Ratio | 9.47 |
| Forward PE | 20.00 |
| Dividend | $1.00 (6.73%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 3,136,478 |
| Open | 14.40 |
| Previous Close | 14.47 |
| Day's Range | 14.40 - 15.01 |
| 52-Week Range | 13.24 - 18.05 |
| Beta | 2.02 |
| Analysts | Buy |
| Price Target | 18.79 (+26.53%) |
| 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 $18.79, which is an increase of 26.53% from the latest price.
News
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...
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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
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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
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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 ...
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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...
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