NYSE:PK

Park Hotels & Resorts (PK) Stock Price, News & Analysis

$16.41
+0.28 (+1.74%)
(As of 05/16/2024 ET)
Today's Range
$16.15
$16.44
50-Day Range
$15.74
$17.78
52-Week Range
$11.05
$18.05
Volume
1.83 million shs
Average Volume
2.78 million shs
Market Capitalization
$3.46 billion
P/E Ratio
37.30
Dividend Yield
6.09%
Price Target
$17.50

Park Hotels & Resorts MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.6% Upside
$17.50 Price Target
Short Interest
Bearish
7.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.63
Upright™ Environmental Score
News Sentiment
0.94mentions of Park Hotels & Resorts in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.81%
From $2.08 to $2.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.60 out of 5 stars

Finance Sector

159th out of 882 stocks

Hotels & Motels Industry

9th out of 27 stocks

PK stock logo

About Park Hotels & Resorts Stock (NYSE: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.

PK Stock Price History

PK Stock News Headlines

Breaking Down Park Hotels & Resorts: 7 Analysts Share Their Views
3 Cheap REITs to Buy Now: May 2024
Park Hotels Resorts earnings preview: what Wall Street is expecting
Park Hotels & Resorts Inc. (PK)
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/16/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Hotels & motels
Sub-Industry
N/A
Fax
N/A
Employees
90
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.50
High Stock Price Target
$21.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$97 million
Pretax Margin
5.17%

Debt

Sales & Book Value

Annual Sales
$2.70 billion
Cash Flow
$1.94 per share
Book Value
$17.77 per share

Miscellaneous

Free Float
207,228,000
Market Cap
$3.46 billion
Optionable
Optionable
Beta
2.03
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Key Executives

  • Mr. Thomas Jeremiah Baltimore Jr. (Age 61)
    Chairman, President & CEO
    Comp: $3.44M
  • Mr. Sean M. Dell'Orto (Age 49)
    Executive VP, CFO & Treasurer
    Comp: $1.43M
  • Mr. Thomas C. Morey (Age 52)
    Executive VP & Chief Investment Officer
    Comp: $1.37M
  • Ms. Nancy M. Vu (Age 47)
    Executive VP, General Counsel & Secretary
    Comp: $1.23M
  • Mr. Carl A. Mayfield (Age 60)
    Executive Vice President of Design & Construction
    Comp: $1.35M
  • Mr. Darren W. Robb (Age 47)
    Senior VP & Chief Accounting Officer
  • Ms. Diem T. Larsen
    Senior Vice President of Corporate Finance & Analytics
  • Mr. Ian C. Weissman
    Senior Vice President of Corporate Strategy
  • Ms. Jill C. Olander (Age 50)
    Executive Vice President of Human Resources
    Comp: $521.98k
  • Mr. Scott D. Winer
    Senior Vice President of Tax

PK Stock Analysis - Frequently Asked Questions

Should I buy or sell Park Hotels & Resorts stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PK shares.
View PK analyst ratings
or view top-rated stocks.

What is Park Hotels & Resorts' stock price target for 2024?

12 equities research analysts have issued 1 year price objectives for Park Hotels & Resorts' stock. Their PK share price targets range from $13.00 to $21.00. On average, they expect the company's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for PK
or view top-rated stocks among Wall Street analysts.

How have PK shares performed in 2024?

Park Hotels & Resorts' stock was trading at $15.30 at the beginning of 2024. Since then, PK shares have increased by 7.3% and is now trading at $16.41.
View the best growth stocks for 2024 here
.

When is Park Hotels & Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our PK earnings forecast
.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) announced its earnings results on Tuesday, February, 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.39. The financial services provider earned $657 million during the quarter, compared to the consensus estimate of $665.16 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 3.08% and a net margin of 3.42%.

How often does Park Hotels & Resorts pay dividends? What is the dividend yield for Park Hotels & Resorts?

Park Hotels & Resorts announced a quarterly dividend on Friday, April 19th. Investors of record on Friday, June 28th will be paid a dividend of $0.25 per share on Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for PK
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.31%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 227.28%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PK will have a dividend payout ratio of 45.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

What guidance has Park Hotels & Resorts issued on next quarter's earnings?

Park Hotels & Resorts updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 2.070-2.270 for the period, compared to the consensus estimate of 2.130. The company issued revenue guidance of -.

What other stocks do shareholders of Park Hotels & Resorts own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Park Hotels & Resorts investors own include AT&T (T), Energy Transfer (ET), Carnival Co. & (CCL), Exxon Mobil (XOM), Boeing (BA), Delta Air Lines (DAL), Ford Motor (F), American Airlines Group (AAL), Annaly Capital Management (NLY) and Pfizer (PFE).

Who are Park Hotels & Resorts' major shareholders?

Park Hotels & Resorts' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.58%), Donald Smith & CO. Inc. (3.30%), Los Angeles Capital Management LLC (1.00%), Private Management Group Inc. (0.94%), Perry Creek Capital LP (0.84%) and Epoch Investment Partners Inc. (0.66%). Insiders that own company stock include Geoffrey Garrett and Thomas D Eckert.
View institutional ownership trends
.

How do I buy shares of Park Hotels & Resorts?

Shares of PK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PK) was last updated on 5/17/2024 by MarketBeat.com Staff

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