Park Hotels & Resorts Inc. (PK)
| Market Cap | 4.08B |
| Revenue (ttm) | 1.55B |
| Net Income (ttm) | -1.10B |
| Shares Out | 235.00M |
| EPS (ttm) | -4.65 |
| PE Ratio | n/a |
| Forward PE | 7.14 |
| Dividend | $1.80 |
| Dividend Yield | 10.39% |
| Trading Day | January 15 |
| Last Price | $17.33 |
| Previous Close | $18.02 |
| Change ($) | -0.69 |
| Change (%) | -3.83% |
| Day's Open | 17.81 |
| Day's Range | 17.04 - 17.86 |
| Day's Volume | 2,726,142 |
| 52-Week Range | 4.67 - 23.15 |
TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2020 cash distributions on its Common...
TYSONS, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 202...
TYSONS, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it has published its 2020 Corporate Responsibility report (the “Report”), det...
Stocks popped Thursday on good vaccine news and the anticipated unveiling of a larger Biden-led economic stimulus package. With all of this news, the deep learning algorithms at Q.ai have crun...
I bought shares in the company in 2019 and sold them after the dividend was suspended. The company had to deal with circumstances where nothing it would do will allow it to maintain the dividend.
If corporate travel is delayed, estimates need to be lowered: Analyst
Patrick Scholes of Truist joins CNBC's Kelly Evans to break down why recovery in corporate travel is crucial for the sector overall. For access to live and exclusive video from CNBC subscribe ...
Investors need to pay close attention to Park Hotels & Resorts (PK) stock based on the movements in the options market lately.
Consumer sentiment appears to be getting better, which may lull you into buying travel stocks. However, investors should be careful.
Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services...
This Will Be Worst Year Ever for Hotels, Says AHLA's Rogers
Nov.25 -- Chip Rogers, American Hotel and Lodging Association chief executive officer, says hotels may not see a rebound begin until April of next year. He speaks on "Balance of Power.
Thanksgiving travel seeing 'biggest decline' since 2008 recession: AAA
Paula Twidale, senior vice president-travel for AAA, on what to expect for Thanksgiving travel amid the coronavirus pandemic. Subscribe to Fox Business!
Travel, Leisure Overexposed in Vaccine Rally, Strategist Hogan
Nov.24 -- Art Hogan, chief market strategist at National Securities, discusses balancing a portfolio in markets driven by vaccine euphoria. He speaks on "Bloomberg Markets.
After more positive vaccine-related news fueled another market surge yesterday, the Dow sharply dropped after poorer than expected retail sales data came in for the month of October. Our deep ...
Airline, hotel, and cruise stocks surged in early Monday trading as Moderna's encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic. The biotech compa...
Final Trades: Crowdstrike, Intl. Flavors, Park Hotels & more
The "Halftime Report" traders give their top picks to watch for the second half.
Pfizer's vaccine announcement gives new life to the travel sector.
Even if a coronavirus vaccine is released next year, the battered lodging industry will take several years to recover.
Everything's up in the air right now. Health experts have long warned us not to get too excited about vaccine trials before the full range of data can be examined, but investors in the travel ...
Park Hotels & Resorts has seen a sequential improvement in its latest Q3 operating performance. I see continued improvement in Q4, but the road to profitability will be challenging.
Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2020 Results - Earnings Call Transcript
Park Hotels & Resorts (PK) delivered FFO and revenue surprises of -18.87% and -25.32%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the ...
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts reports Third Quarter 2020 results.
The Covid-19 pandemic has wreaked havoc on the hotel industry. Thom Geshay, president of Davidson Hotels & Resorts, shares predictions of what it will take, and when, for a full recovery.
TYSONS, Va.--(BUSINESS WIRE)---- $PK #pk--Park Hotels & Resorts announces appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary.
Best Western CEO on the hotel industry outlook and why they're asking for more stimulus
Best Western International President and CEO David Kong joins 'Squawk on the Street' to discuss why hotels are asking the government for more stimulus. Hotels warn the six-month outlook could ...
The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue.
Been on a plane lately? If, like many of us, the answer is no, you’re probably part of the reason the airline and travel industry’s Q3 earnings prospects remain grounded.
Business travelers have historically generated more than half, and in some cases as much as 75% of carriers’ profits. Deepening pessimism over when they'll hit the road again has profound impl...
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts announces third quarter earnings conference call on November 6, 2020.
REITs offers the real estate structure for most economic activities, be it real or virtual, and so there are pockets of strengths and weaknesses too, particularly amid the current turbulent si...
These are the best stocks for hotel management companies and hotel REITs.
Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.
The hotel REIT has opened hotels, cut expenses, and increased liquidity.
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.
The world is recovering from the COVID-19 economic shutdowns, but not all REITs are expected to see the same upside.
Guru releases 2nd-quarter portfolio
To put it bluntly, tourism is an awful business to be invested in just now.
Park Hotels & Resorts, Inc. (PK) CEO Thomas Baltimore on Q2 2020 Results - Earnings Call Transcript
TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.
Few companies will bear the brunt of the Covid-19 pandemic like Park Hotels & Resorts. With nearly half the portfolio closing at the peak of pandemic, full year revenue is likely to suffer mas...
We're still in the thick of earnings season, most recently with GE beating expectations and Boeing with wider-than-expected losses. If you are looking for places to short, our deep learning ...
Hotel, Airline And Oil Stocks To Consider When The Pandemic Fades And Vaccine Arrives
Analyst Patrick Scholes at SunTrust Robinson Humphrey has thrown in the towel Friday on six hotel stocks ahead of earnings.
With shares down by nearly two thirds in 2020, is Park Hotels & Resorts a buy, or is there a very good reason for the pain?
Markets are putting a lot of hope on stimulus and virus vaccines right now, in an economy where no one knows what happens next, as touted by JPMorganJPM’s chief Jamie Dimon. If you’re lookin...
Economists are starting to think a W-Shaped recovery is more likely to happen than a “V.” We lean on deep learning algorithms and AI tech to generate the top stocks to short, and these are our...
Good vaccine news could help the travel industry recover in 2020.
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.
| Industry REIT-Hotel & Motel | |
| CEO Thomas Baltimore | Employees 488 |
| Stock Exchange NYSE | Ticker Symbol PK |
Financial Performance
In 2019, PK's revenue was $2.84 billion, an increase of 3.91% compared to the previous year's $2.74 billion. Earnings were $306.00 million, a decrease of -35.17%.
Analyst Forecasts
According to 16 analysts, the average rating for PK stock is "Hold." The 12-month stock price forecast is 17.75, which is an increase of 2.42% from the latest price.