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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PK, but not buy additional shares or sell existing shares.
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11 Wall Street analysts have issued 12 month price targets for Park Hotels & Resorts' shares. Their PK share price targets range from $13.00 to $21.00. On average, they expect the company's share price to reach $17.58 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
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Park Hotels & Resorts' stock was trading at $15.30 at the start of the year. Since then, PK stock has increased by 5.3% and is now trading at $16.11.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Park Hotels & Resorts will be holding an earnings conference call on Wednesday, May 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Park Hotels & Resorts Inc. (NYSE:PK) posted its earnings results on Tuesday, February, 27th. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.39. The financial services provider earned $657 million during the quarter, compared to analyst estimates of $665.16 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 2.44% and a net margin of 3.60%.

Park Hotels & Resorts declared a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.25 per share on Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 6.21%. The ex-dividend date is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for PK.

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.14%. 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 217.39%. 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 45.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

ETFs with the largest weight of Park Hotels & Resorts (NYSE:PK) stock in their portfolio include AdvisorShares Hotel ETF (BEDZ), Nuveen Short-Term REIT ETF (NURE), ALPS Active REIT ETF (REIT), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Hotel & Lodging Sector ETF (HOTL), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Cambria Global Real Estate ETF (BLDG) and Invesco Zacks Multi-Asset Income ETF (CVY).

Park Hotels & Resorts issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 2.020-2.220 for the period, compared to the consensus estimate of 2.100. The company issued revenue guidance of -.

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).

Park Hotels & Resorts' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (1.00%), Hazelview Securities Inc. (0.41%), Sound Income Strategies LLC (0.34%), Blue Zone Wealth Advisors LLC (0.12%), Allspring Global Investments Holdings LLC (0.06%) and Wealth Enhancement Advisory Services LLC (0.03%). Insiders that own company stock include Geoffrey Garrett, Stephen I Sadove and Thomas D Eckert.
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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.
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