Park Hotels & Resorts Inc. (PK)

NYSE: PK · IEX Real-Time Price · USD
14.82
-0.33 (-2.15%)
Dec 5, 2023, 11:03 AM EST - Market open
-2.15%
Market Cap 3.18B
Revenue (ttm) 2.71B
Net Income (ttm) -56.00M
Shares Out 209.98M
EPS (ttm) -0.26
PE Ratio n/a
Forward PE 23.40
Dividend $0.45 (3.04%)
Ex-Dividend Date Dec 28, 2023
Volume 373,235
Open 15.05
Previous Close 15.14
Day's Range 14.70 - 15.11
52-Week Range 10.70 - 15.38
Beta 2.01
Analysts Hold
Price Target 15.05 (+1.59%)
Earnings Date Nov 1, 2023

About PK

Park is one of the largest publicly-traded lodging REITs with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts (excluding the Hilton San Francisco Hotels) with over 26,000 rooms primarily located in prime city center and resort locations. [Read more]

Sector Real Estate
CEO Thomas Jeremiah Baltimore Jr.
Employees 91
Stock Exchange NYSE
Ticker Symbol PK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for PK stock is "Hold." The 12-month stock price forecast is $15.05, which is an increase of 1.59% from the latest price.

Price Target
$15.05
(1.59% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

4 days ago - GlobeNewsWire

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...

18 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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”), ...

5 weeks ago - GlobeNewsWire

Analysts See Strong Upside Trade for Undervalued REITs

Well, you don't have to conjure up some investment that doesn't exist. Real estate investment trusts, often called REITs,  are mandated to distribute profits to shareholders to maintain their special ...

Other symbols: PEAKPLDPSAVTR
2 months ago - MarketBeat

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

Now's the time to own dividend-paying stocks. These 5 offer up to a 9% yield.

The “easy” gains of the early part of a bull market have been made, and stocks are more likely to move sideways. That means now is a good time to remember a frequently overlooked reality of investing:...

Other symbols: VZCIVIFLOKE
4 months ago - Market Watch

Wildfires Could Hit Hawaii Tourism Industry. Some Stocks to Watch.

The biggest question for the island's companies—and broader economy— will be how long tourists might stay away.

Other symbols: HAHEHSTMLPSHO
4 months ago - Barrons

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...

4 months ago - GlobeNewsWire

7 Best Hotel REITs to Buy Now

Are you looking to invest in hotel real estate investment trusts (REITs) in 2023? Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties located in exotic ...

Other symbols: APLEDRHHSTPEBRHPRLJSHO
4 months ago - MarketBeat

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.

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - Market Watch

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 ...

6 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Reports First Quarter 2023 Results

TYSONS, Va., May 01, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2023 and provided an operati...

7 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces 2023 Energy Star® Partner of the Year Award

TYSONS, Va., March 28, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2023 ENERGY STAR Partner of the Year Award...

8 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces First Quarter 2023 Earnings Conference Call on May 1, 2023

TYSONS, Va., March 23, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2023 before the stock mar...

9 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces First Quarter Dividend of $0.15 Per Share

TYSONS, Va., March 15, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a first quarter cash dividend of $0.15 per...

9 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2022 Results

TYSONS, Va., Feb. 22, 2023 (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, 2022 and ...

10 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Sale of Hilton Miami Airport

TYSONS, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has closed on the sale of the 508-room Hilton Miami Airport locate...

10 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Announces Tax Treatment of 2022 Dividends

TYSONS, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) (“Park” or the “Company”) announced today the tax reporting information for its 2022 cash distributions on ...

11 months ago - GlobeNewsWire

Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions

TYSONS, Va., Jan. 12, 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...

11 months ago - GlobeNewsWire