Park Hotels & Resorts Inc. (PK)

NYSE: PK · IEX Real-Time Price · USD
11.51
+0.25 (2.22%)
Oct 3, 2022 4:00 PM EDT - Market closed
2.22%
Market Cap 2.59B
Revenue (ttm) 2.05B
Net Income (ttm) -60.00M
Shares Out 224.84M
EPS (ttm) -1.38
PE Ratio n/a
Forward PE 9.01
Dividend $0.03 (0.26%)
Ex-Dividend Date Sep 29, 2022
Volume 2,485,968
Open 11.49
Previous Close 11.26
Day's Range 11.02 - 11.71
52-Week Range 10.98 - 21.62
Beta 1.98
Analysts Buy
Price Target 19.73 (+71.4%)
Earnings Date Nov 2, 2022

About PK

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations. [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
CEO Thomas Baltimore
Employees 80
Stock Exchange NYSE
Ticker Symbol PK
Full Company Profile

Financial Performance

In 2021, PK's revenue was $1.36 billion, an increase of 59.86% compared to the previous year's $852.00 million. Losses were -$459.00 million, -68.13% less than in 2020.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is 19.73, which is an increase of 71.42% from the latest price.

Price Target
$19.73
(71.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 REITs to Sell in October

The potential for high returns and stable income streams have made real estate investment trusts, or REITs, a popular investment vehicle. However, not all REITs are created equal, especially with a pote...

Other symbols: HSTPEB
2 days ago - InvestorPlace

Park Hotels & Resorts Announces Third Quarter Dividend of $0.01 Per Share

TYSONS, Va., Sept. 09, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.01 per s...

3 weeks ago - GlobeNewsWire

1 Growth Stock That's Played Out and 1 That's Just Starting

Hotels were a great buy during COVID-19. Now that growth story is over, and I've bought shares of a fast-grower in South America.

Other symbols: DLO
1 month ago - The Motley Fool

Park Hotels & Resorts Inc. Announces Third Quarter 2022 Earnings Conference Call on November 3, 2022

TYSONS, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2022 after the stock market ...

1 month ago - GlobeNewsWire

Park Hotels & Resorts (PK) Q2 FFO and Revenues Beat Estimates

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 24.49% and 5.11%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Park Hotels & Resorts Inc. Reports Second Quarter 2022 Results

TYSONS, Va., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2022 and provided an operatio...

2 months ago - GlobeNewsWire

6 REITs to Sell Now

These are 6 REITs to sell now. They are not worth investing in as they have little or no income or they cannot afford their distributions, which REITs are required to make if they have income.

Other symbols: HSTINDTPEBRLJSVC
2 months ago - InvestorPlace

Jim Cramer gives his take on big banks' earnings

Jim Cramer, Mad Money host, joins 'Squawk Box' to discuss his first take on Mad Money's move to NYSE and big banks' earning reports.

2 months ago - CNBC Television

Park Hotels & Resorts (PK) Stock Jumps 5.9%: Will It Continue to Soar?

Park Hotels & Resorts (PK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions could translate into further price increase ...

2 months ago - Zacks Investment Research

Here's Why Park Hotels & Resorts (PK) is Poised for a Turnaround After Losing 32% in 4 Weeks

Park Hotels & Resorts (PK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in ...

2 months ago - Zacks Investment Research

Park Hotels (PK) Sells Seattle Hotel & San Diego JV Stake

Park Hotels & Resorts' (PK) dispositions come as part of its aggressive capital recycling program, aimed at lowering net leverage and positioning the portfolio for sustainable long-term growth.

3 months ago - Zacks Investment Research

Park Hotels & Resorts Inc. Completes the Sales of the Homewood Suites by Hilton Seattle Convention Center and Its 25%...

TYSONS, Va., June 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has closed on the sale of the 195-room Homewood Suites by Hilton Seattle Convention ...

3 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Second Quarter 2022 Earnings Conference Call on August 4, 2022

TYSONS, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2022 after the stock market...

3 months ago - GlobeNewsWire

Park Hotels & Resorts Announces Second Quarter Dividend of $0.01 per Share

TYSONS, Va., June 15, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.01 per s...

3 months ago - GlobeNewsWire

3 Real Estate Stocks to Buy for a Travel Boom

These real estate stocks should get a healthy boost from increased travel.

Other symbols: ABNBEXPE
3 months ago - The Motley Fool

Park Hotels & Resorts Provides Update on Operating Trends, Capital Recycling Activity and Second Quarter 2022 Outlook

TYSONS, Va., June 06, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and raised its second quarter 2022 (“Q2 2022”) outlook ...

3 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Disposition of Its 25% Joint Venture Interest in Hilton San Diego Bayfront to Su...

TYSONS, Va., June 01, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) announced that it has entered into a definitive agreement with affiliates of Sunstone Hotel Investors, Inc. (...

4 months ago - GlobeNewsWire

Park Hotels & Resorts (PK) Q1 FFO and Revenues Beat Estimates

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 900% and 14.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Park Hotels & Resorts Inc. Reports First Quarter 2022 Results

TYSONS, Va., May 02, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2022 and provided an operation...

5 months ago - GlobeNewsWire

Why Hotel Stocks Jumped This Week

Hotels are hot despite inflation picking up.

Other symbols: DRHH
5 months ago - The Motley Fool

Park Hotels & Resorts Provides Update on Operating Trends

TYSONS, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update.

5 months ago - GlobeNewsWire

Domestic and international flights see 40% and 25% price hikes over last three months

CNBC's Seema Mody reports on the return of business travel. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/Subscri...

6 months ago - CNBC Television

Park Hotels & Resorts Inc. Announces First Quarter 2022 Earnings Conference Call on May 2, 2022

TYSONS, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2022 before the stock marke...

6 months ago - GlobeNewsWire

Park Hotels & Resorts REIT reinstates dividend amid 'broad-based recovery' in demand

Park Hotels & Resorts Inc. PK, +0.59% said Friday it was reinstating a dividend, as the real estate investment trust focusing on hotels and resorts said it has seen a "broad-based recovery" in demand in...

6 months ago - Market Watch

Park Hotels & Resorts Reinstates Dividend and Provides Brief Update on Operating Trends

TYSONS, Va., March 11, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an operational update and announced the reinstatement of its dividend.

6 months ago - GlobeNewsWire