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NYSE:PK

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

$13.09
+0.15 (+1.16%)
(As of 02:27 PM ET)
Compare
Today's Range
$12.88
$13.14
50-Day Range
$11.02
$13.68
52-Week Range
$10.70
$19.47
Volume
1.07 million shs
Average Volume
3.38 million shs
Market Capitalization
$2.82 billion
P/E Ratio
11.79
Dividend Yield
4.58%
Price Target
$17.55

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
33.7% Upside
$17.55 Price Target
Short Interest
Bearish
7.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.63
Upright™ Environmental Score
News Sentiment
0.30mentions of Park Hotels & Resorts in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.52%
From $1.93 to $1.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Finance Sector

499th out of 1,786 stocks

Hotels & Motels Industry

3rd out of 54 stocks


PK stock logo

About Park Hotels & Resorts (NYSE:PK) Stock

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

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PK Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Citigroup Keeps Their Hold Rating on Park Hotels & Resorts (PK)
Park Hotels & Resorts (NYSE:PK) PT Raised to $21.00
5 Analysts Have This to Say About Park Hotels & Resorts
Park Hotels & Resorts (NYSE:PK) Issues Earnings Results
Park Hotels & Resorts (NYSE:PK) Shares Gap Up to $12.05
Park Hotels & Resorts Rises 4% On Upbeat Q1 Results, Outlook
Park Hotels & Resorts Turns To Profit In Q1
See More Headlines

PK Price History

PK Company Calendar

Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Last Earnings
5/01/2023
Today
6/01/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
80
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.55
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+35.6%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
8 Analysts

Profitability

Net Income
$162 million
Pretax Margin
9.89%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$1.94 per share
Book Value
$19.42 per share

Miscellaneous

Free Float
212,913,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.96

Key Executives

  • Tom J. Baltimore
    Chairman, President & Chief Executive Officer
  • Sean Michael Dell’Orto
    Chief Financial Officer, Treasurer & Executive VP
  • Rebecca L. Flemming
    Senior VP-Investments & Portfolio Management
  • Thomas C. Morey
    Chief Investment Officer & Executive VP
  • Nancy M. Vu
    Secretary, General Counsel & Executive VP













PK Stock - Frequently Asked Questions

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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View PK analyst ratings
or view top-rated stocks.

What is Park Hotels & Resorts' stock price forecast for 2023?

8 Wall Street analysts have issued 1-year target prices for Park Hotels & Resorts' shares. Their PK share price forecasts range from $12.50 to $25.00. On average, they anticipate the company's share price to reach $17.55 in the next year. This suggests a possible upside of 34.1% 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 2023?

Park Hotels & Resorts' stock was trading at $11.79 at the beginning of 2023. Since then, PK stock has increased by 10.9% and is now trading at $13.08.
View the best growth stocks for 2023 here
.

When is Park Hotels & Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PK earnings forecast
.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) issued its quarterly earnings data on Monday, May, 1st. The financial services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.17. The financial services provider earned $648 million during the quarter, compared to the consensus estimate of $617.04 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 5.90% and a net margin of 9.44%. Park Hotels & Resorts's revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS.

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 Wednesday, March 15th. Investors of record on Friday, March 31st will be paid a dividend of $0.15 per share on Monday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for PK
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.59%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PK will have a dividend payout ratio of 30.93% 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 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.76-$2.12 for the period, compared to the consensus estimate of $1.82. 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).

What is Park Hotels & Resorts' stock symbol?

Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Who are Park Hotels & Resorts' major shareholders?

Park Hotels & Resorts' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.01%), State Street Corp (5.86%), Geode Capital Management LLC (1.70%), JPMorgan Chase & Co. (1.63%), Donald Smith & CO. Inc. (1.55%) and Dimensional Fund Advisors LP (1.40%). Insiders that own company stock include Geoffrey Garrett, Stephen I Sadove, Thomas A Natelli 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Park Hotels & Resorts' stock price today?

One share of PK stock can currently be purchased for approximately $13.08.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.82 billion and generates $2.50 billion in revenue each year. The financial services provider earns $162 million in net income (profit) each year or $1.11 on an earnings per share basis.

How can I contact Park Hotels & Resorts?

Park Hotels & Resorts' mailing address is 1775 TYSONS BOULEVARD 7TH FLOOR, TYSONS VA, 22102. The official website for the company is www.pkhotelsandresorts.com. The financial services provider can be reached via phone at (571) 302-5757 or via email at ir@pkhotelsandresorts.com.

This page (NYSE:PK) was last updated on 6/1/2023 by MarketBeat.com Staff

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