Park Hotels & Resorts Inc. (PK)
Market Cap | 3.43B |
Revenue (ttm) | 2.70B |
Net Income (ttm) | 97.00M |
Shares Out | 210.54M |
EPS (ttm) | 0.44 |
PE Ratio | 37.05 |
Forward PE | 25.41 |
Dividend | $0.55 (3.37%) |
Ex-Dividend Date | Mar 27, 2024 |
Volume | 2,100,882 |
Open | 16.61 |
Previous Close | 16.50 |
Day's Range | 16.07 - 16.64 |
52-Week Range | 11.05 - 18.05 |
Beta | 2.03 |
Analysts | Buy |
Price Target | 17.88 (+9.69%) |
Earnings Date | Apr 30, 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, PK's revenue was $2.70 billion, an increase of 7.88% compared to the previous year's $2.50 billion. Earnings were $97.00 million, a decrease of -40.12%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is $17.88, which is an increase of 9.69% from the latest price.
News
Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award
TYSONS, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award...
Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock mark...
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results (CORRECTED) and Announces First Quarter Dividend of $0.25 Per Share
TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “...
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results and Announces First Quarter Dividend of $0.25 Per Share
TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2023 and ...
Park Hotels & Resorts Provides Preliminary Q4 2023 and Full-Year 2023 Results
TYSONS, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided preliminary fourth quarter and full-year 2023 results.
Park Hotels & Resorts Announces Tax Treatment of 2023 Dividends
TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2023 cash distributions on its Commo...
Park Hotels & Resorts Announces Appointment of Terri McClements to Board of Directors
TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced the appointment of Terri D. McClements as a new independent director to its Board of Direc...
Park Hotels & Resorts Announces Fourth Quarter and Full Year 2023 Earnings Conference Call on February 28, 2024
TYSONS, Va., Jan. 05, 2024 (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 2023 after ...
Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights
TYSONS, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends.
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
TYSONS, Va., Dec. 07, 2023 (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...
Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.93 Per Share
TYSONS, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter dividend of $0.93 per shar...
Park Hotels & Resorts Inc. Awarded Nareit's 2023 Leader in the Light Award for its Sustainability Practices
TYSONS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that it has been named the 2023 Leader in the Light recipient in recognit...
Park Hotels & Resorts Inc. Reports Third Quarter 2023 Results and Announces Special Dividend of $0.77 Per Share
TYSONS, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2023, a special dividen...
Park Hotels & Resorts Inc. Announces Lawsuit Related to $725 Million Non-Recourse CMBS Loan Secured By Two of its San Francisco Hotels
TYSONS, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the trustee under the $725 million non-recourse CMBS loan (“Loan”), ...
Park Hotels & Resorts Inc. Announces Third Quarter 2023 Earnings Conference Call On November 2, 2023
TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock mark...
Park Hotels & Resorts Inc. Announces Third Quarter Dividend of $0.15 Per Share
TYSONS, Va., Sept. 08, 2023 (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 $0.15 per...
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Park Hotels & Resorts Inc. Reports Second Quarter 2023 Results
TYSONS, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2023 and provided an operat...
Redwood Scientific Technologies Inc., Announces Partnership Agreement with Silk Road Ent., Inc., for Retail Distribution of TBX FREE and TBX VAPE FREE
NEW YORK, July 19, 2023 /PRNewswire/ -- Redwood Scientific Technologies Inc. (RSCI. OTC. PK) announces a partnership with Silk Road Ent.
Redwood Scientific Technologies Inc. Files Patent for Groundbreaking Oral Thin Film Manufacturing System
NEW YORK , July 11, 2023 /PRNewswire/ -- Redwood Scientific Technologies Inc. (RSCI, OTC, PK), a pioneering pharmaceutical company based in New York, is proud to announce the filing of a new patent fo...
Park Hotels & Resorts Inc. Announces Second Quarter 2023 Earnings Conference Call on August 3, 2023
TYSONS, Va., June 12, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2023 after the stock mark...
Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.15 Per Share
TYSONS, Va., June 08, 2023 (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 $0.15 per...
Park Hotels & Resorts makes ‘difficult, but necessary' decision stop payments on San Francisco CMBS loan
Shares of Park Hotels & Resorts Inc. PK, +5.77% fell 0.7% in premarket trading Monday after the lodging real estate investment trust (REIT) said it made the “very difficult, but necessary” decision to...
Park Hotels & Resorts Inc. Announces Cessation of Payment on $725 Million Non-Recourse CMBS Loan Secured By Two of Its San Francisco Hotels
TYSONS, Va., June 05, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million ...