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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last twelve months. There are currently 4 hold ratings and 2 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.
View PK analyst ratings or view top-rated stocks.

6 equities research analysts have issued 12 month price objectives for Park Hotels & Resorts' stock. Their PK share price forecasts range from $13.00 to $25.00. On average, they expect the company's stock price to reach $17.43 in the next twelve months. This suggests a possible upside of 46.2% from the stock's current price.
View analysts price targets for PK or view top-rated stocks among Wall Street analysts.

Park Hotels & Resorts' stock was trading at $11.79 at the start of the year. Since then, PK stock has increased by 1.1% and is now trading at $11.92.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our PK earnings forecast.

Park Hotels & Resorts will be holding an earnings conference call on Thursday, November 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Park Hotels & Resorts Inc. (NYSE:PK) posted its quarterly earnings data on Wednesday, August, 2nd. The financial services provider reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by $1.28. The financial services provider earned $714 million during the quarter, compared to analysts' expectations of $725.05 million. Park Hotels & Resorts had a negative trailing twelve-month return on equity of 1.14% and a negative net margin of 1.79%.

Park Hotels & Resorts announced a quarterly dividend on Friday, September 8th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.15 per share on Monday, October 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Thursday, September 28th.
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), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P MidCap 400 Pure Value ETF (RFV), IQ CBRE Real Assets ETF (IQRA), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.03%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PK.

Park Hotels & Resorts updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $1.76-$2.02 for the period, compared to the consensus estimate of $1.91. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Park Hotels & Resorts' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.55%), State Street Corp (5.81%), Goldman Sachs Group Inc. (5.27%), Rush Island Management LP (3.25%), Cbre Investment Management Listed Real Assets LLC (1.83%) and JPMorgan Chase & Co. (1.82%). Insiders that own company stock include Geoffrey Garrett, Stephen I Sadove and Thomas D Eckert.
View institutional ownership trends.

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.
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One share of PK stock can currently be purchased for approximately $11.92.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.57 billion and generates $2.50 billion in revenue each year. The financial services provider earns $162 million in net income (profit) each year or ($0.25) on an earnings per share basis.

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.