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Park Hotels & Resorts Inc. (PK)

Stock Price: $17.33 USD -0.69 (-3.83%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $17.17 -0.16 (-0.92%) Jan 15, 7:56 PM
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

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GlobeNewsWire - 2 days ago

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...

GlobeNewsWire - 3 days ago

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...

GlobeNewsWire - 3 days ago

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...

Forbes - 3 days ago

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...

Other stocks mentioned: BLMN, FTAI, FUN, PLNT
Seeking Alpha - 5 days ago

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.

CNBC Television - 1 week ago

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 ...

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
Zacks Investment Research - 2 weeks ago

Investors need to pay close attention to Park Hotels & Resorts (PK) stock based on the movements in the options market lately.

InvestorPlace - 1 month ago

Consumer sentiment appears to be getting better, which may lull you into buying travel stocks. However, investors should be careful.

Other stocks mentioned: AAL, CMCSA, HA, LYFT, RUTH, SAVE
Reuters - 1 month ago

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...

Other stocks mentioned: AAL, ACCYY, CHH, DAL, H, HLT, IHG, JBLU, LUV, MAR, MGM, MSG, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
Bloomberg Markets and Finance - 1 month ago

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.

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
Fox Business - 1 month ago

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!

Other stocks mentioned: AAL, ACCYY, CHH, DAL, H, HLT, IHG, JBLU, LUV, MAR, MGM, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
Bloomberg Markets and Finance - 1 month ago

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.

Other stocks mentioned: AAL, ACCYY, CCL, CHH, DAL, H, HLT, IHG, JBLU, LUV, MAR, MGM, NCLH, RCL, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
Forbes - 2 months ago

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 ...

Other stocks mentioned: MUR, PTON, TRIP, TRUP
Business Insider - 2 months ago

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...

Other stocks mentioned: AAL, ACCYY, CCL, CHH, DAL, H, HLT, IHG, JBLU, LUV, MAR, MGM, NCLH, RCL, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
CNBC Television - 2 months ago

Final Trades: Crowdstrike, Intl. Flavors, Park Hotels & more

The "Halftime Report" traders give their top picks to watch for the second half.

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The Motley Fool - 2 months ago

Pfizer's vaccine announcement gives new life to the travel sector.

Other stocks mentioned: EXPE, MAR
CNN Business - 2 months ago

Even if a coronavirus vaccine is released next year, the battered lodging industry will take several years to recover.

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
Fast Company - 2 months ago

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 ...

Other stocks mentioned: AAL, ACCYY, BKNG, CCL, CHH, DAL, EXPE, H, HLT, IHG, JBLU, LUV, MAR, MGM, NCLH, RCL, RLH, SMIZF, STAY, TRIP, UAL, VAC, WH, WYND
Seeking Alpha - 2 months ago

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.

Seeking Alpha - 2 months ago

Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 2 months ago

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 ...

Business Wire - 2 months ago

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts reports Third Quarter 2020 results.

Forbes - 2 months ago

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.

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
Business Wire - 2 months ago

TYSONS, Va.--(BUSINESS WIRE)---- $PK #pk--Park Hotels & Resorts announces appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary.

CNBC Television - 2 months ago

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 ...

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
CNN Business - 3 months ago

The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue.

Other stocks mentioned: ACCYY, CHH, H, HLT, IHG, MAR, MGM, RLH, SMIZF, STAY, VAC, WH, WYND
Forbes - 3 months ago

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.

Other stocks mentioned: AAL, ACCYY, CHH, DAL, DIS, H, HLT, IHG, JBLU, LUV, MAR, MGM, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
Forbes - 3 months ago

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...

Other stocks mentioned: AAL, ACCYY, BKNG, CHH, DAL, EXPE, H, HLT, IHG, JBLU, LUV, MAR, RLH, SMIZF, STAY, UAL, VAC, WH, WYND
Business Wire - 3 months ago

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts announces third quarter earnings conference call on November 6, 2020.

Zacks Investment Research - 3 months ago

Bear of the Day: Park Hotels (PK)

Zacks Investment Research - 3 months ago

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...

Other stocks mentioned: DRE, ILPT, RLJ
Investopedia - 3 months ago

These are the best stocks for hotel management companies and hotel REITs.

Other stocks mentioned: APLE, CHH, CPLG, FCPT, GHG, H, HST, HTHT, MAR, STAY, SVC, WYND
Business Wire - 3 months ago

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

Business Wire - 4 months ago

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

The Motley Fool - 4 months ago

The hotel REIT has opened hotels, cut expenses, and increased liquidity.

Business Wire - 4 months ago

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

Business Wire - 4 months ago

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

The Motley Fool - 4 months ago

The world is recovering from the COVID-19 economic shutdowns, but not all REITs are expected to see the same upside.

Other stocks mentioned: EPR, SKT
GuruFocus - 5 months ago

Guru releases 2nd-quarter portfolio

Other stocks mentioned: BRK.A, BRK.B, BX
The Motley Fool - 5 months ago

To put it bluntly, tourism is an awful business to be invested in just now.

Seeking Alpha - 5 months ago

Park Hotels & Resorts, Inc. (PK) CEO Thomas Baltimore on Q2 2020 Results - Earnings Call Transcript

Business Wire - 5 months ago

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

Forbes - 5 months ago

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...

Forbes - 5 months ago

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 ...

Other stocks mentioned: KSS, MAC, OXY, SWN
Seeking Alpha - 5 months ago

Hotel, Airline And Oil Stocks To Consider When The Pandemic Fades And Vaccine Arrives

Other stocks mentioned: AZN, DAL, LUV, PVAC, RHP, SAVE
Market Watch - 5 months ago

Analyst Patrick Scholes at SunTrust Robinson Humphrey has thrown in the towel Friday on six hotel stocks ahead of earnings.

Other stocks mentioned: DRH, H, HST, RHP, SHO
The Motley Fool - 5 months ago

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?

Forbes - 5 months ago

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...

Other stocks mentioned: JBLU, SAVE, WYNN, YELP
Forbes - 6 months ago

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...

Other stocks mentioned: CRUS, RCL, SLG, SWN
The Motley Fool - 6 months ago

Good vaccine news could help the travel industry recover in 2020.

Other stocks mentioned: MAR, TRIP, LTRPA, LTRPB

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
Full Company Profile

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%.

Financial Statements

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.

Price Target
$17.75
(2.42% upside)
Analyst Consensus: Hold