Park Hotels & Resorts Inc. (PK)
| 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...]
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 StatementsAnalyst 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.
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...
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...
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.
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 ...
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?
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...
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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 ...
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 ...
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.
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 ...
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...
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...
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These real estate stocks should get a healthy boost from increased travel.
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 ...
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. (...
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?
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...
Why Hotel Stocks Jumped This Week
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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.
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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...
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...
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.