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Park Hotels & Resorts Inc. (PK)

NYSE: PK · IEX Real-Time Price · USD
18.00 -1.30 (-6.74%)
Nov 26, 2021 1:00 PM EST - Market closed
Market Cap4.26B
Revenue (ttm)1.02B
Net Income (ttm)-609.00M
Shares Out236.48M
EPS (ttm)-2.59
PE Ration/a
Forward PE114.94
Dividendn/a
Ex-Dividend Daten/a
Volume2,100,586
Open19.25
Previous Close19.30
Day's Range16.74 - 18.01
52-Week Range14.88 - 24.67
Beta2.13
AnalystsHold
Price Target22.86 (+27.0%)
Earnings DateNov 3, 2021

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.

IndustryEquity Real Estate Investment Trusts (REITs)
CEOThomas Baltimore
Employees182
Stock ExchangeNYSE
Ticker SymbolPK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for PK stock is "Hold." The 12-month stock price forecast is 22.86, which is an increase of 27.00% from the latest price.

Price Target
$22.86
(27.00% upside)
Analyst Consensus: Hold

News

Airline, Cruise, Resort Stocks Tank Big On Covid-19 Variant News

Omicron is the name of the new Covid-19 variant identified by the World Health Organization and new travel restrictions are already going into effect.

1 day ago - Forbes

Pro: stay away from hotels and airlines stocks until more clarity

A sharp surge in new COVID-19 cases is sending Europe into another lockdown, and Veritas Financial Group's Greg Branch says turning to reopening names might not be the best way to go yet. Greg Branch's ...

5 days ago - Invezz

Investing in Hospitality REITs

Hospitality REITs can be a great way to generate passive income with commercial real estate if you're prepared to hold fast during seasonal swings.

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2 weeks ago - The Motley Fool

Travel industry prepare for boom as US lifts travel restrictions

As the U.S. eases international travel restrictions for 33 countries, Yahoo Finance's Emily McCormick, Brian Sozzi, and Julie Hyman discuss how hotels, airlines, ride-sharing companies, and retail can b...

2 weeks ago - Yahoo Finance

Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report

TYSONS, Va., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has issued its annual Corporate Responsibility (“CR”) Report, detai...

3 weeks ago - GlobeNewsWire

Park Hotels & Resorts Inc. Reports Third Quarter 2021 Results

TYSONS, Va., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2021 and provided an oper...

3 weeks ago - GlobeNewsWire

5 of the Fastest-Growing Stocks On the Planet

Carvana had 198% revenue growth in its most recent quarter. And that's too slow for this list.

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1 month ago - The Motley Fool

Park Hotels & Resorts (PK) Sees Hammer Chart Pattern: Time to Buy?

Park Hotels & Resorts (PK) has been struggling lately, but the selling pressure may be coming to an end soon.

1 month ago - Zacks Investment Research

Park Hotels & Resorts Inc. Announces Third Quarter 2021 Earnings Conference Call on November 4, 2021

TYSONS, Va., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2021 after the stock market...

2 months ago - GlobeNewsWire

Park Hotels & Resorts Completes the Sale of the Le Meridien San Francisco and Provides an Update on Operating Trends ...

TYSONS, Va., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it completed the previously announced sale of the Le Meridien San Fran...

2 months ago - GlobeNewsWire

Park Hotels & Resorts (PK) Reports Q2 Loss, Tops Revenue Estimates

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 40.74% and 24.74%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Park Hotels & Resorts Inc. Reports Second Quarter 2021 Results

TYSONS, Va., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2021 and provided an operatio...

3 months ago - GlobeNewsWire

Park Hotels & Resorts Executes Definitive Contracts to Sell Two of Its San Francisco Hotels and Provides an Update on...

TYSONS, Va., July 13, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-...

4 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Completes the Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington ...

TYSONS, Va., June 30, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San ...

4 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Second Quarter 2021 Earnings Conference Call on August 6, 2021

TYSONS, Va., June 21, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2021 after the stock market...

5 months ago - GlobeNewsWire

Park Hotels & Resorts Provides Business Update

TYSONS, Va., June 08, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today provided an operational and liquidity update.

5 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Closing of $750 Million of 4.875% Senior Secured Notes Due 2029

TYSONS, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Opera...

6 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering

TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Opera...

6 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering

TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Opera...

6 months ago - GlobeNewsWire

Park Hotels & Resorts Executes Definitive Contract to Sell two Hotels for $149 Million; Proceeds to be Used to Furthe...

TYSONS, Va., May 10, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has entered into a definitive contract to sell two assets for combined gross proceeds ...

6 months ago - GlobeNewsWire

Park Hotels & Resorts (PK) Reports Q1 Loss, Tops Revenue Estimates

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 11.11% and 9.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Park Hotels & Resorts Inc. Reports First Quarter 2021 Results

TYSONS, Va., May 06, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2021 and an operational update...

6 months ago - GlobeNewsWire

5 Must-See Travel Earnings Charts

The travel stocks have soared over the last year as the Street has priced in the reopen. What's next?

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6 months ago - Zacks Investment Research

Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopen...

TYSONS, Va., April 23, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has closed on the sale of the 97-room W New Orleans – French Quart...

7 months ago - GlobeNewsWire

Park Hotels & Resorts Announces Four Hotels Achieved ENERGY STAR® Certification for Superior Energy Performance in 2020

TYSONS, Va., April 22, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that four of its hotels: Hilton Seattle Airport and Conference Center, Hilton Santa Barbara...

7 months ago - GlobeNewsWire