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

6 Wall Street equities 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 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.

6 Wall Street analysts have issued 1 year price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $13.00 to $25.00. On average, they anticipate the company's share price to reach $17.43 in the next twelve months. This suggests a possible upside of 44.4% from the stock's current price.
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Park Hotels & Resorts' stock was trading at $11.79 at the start of the year. Since then, PK shares have increased by 2.4% and is now trading at $12.07.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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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) announced its quarterly earnings results on Wednesday, August, 2nd. The financial services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of $0.58 by $1.28. The financial services provider had revenue of $714 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend on Friday, September 8th. Shareholders of record on Friday, September 29th will be given 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 4.97%. The ex-dividend date of this dividend 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 4.85%. 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 EPS guidance of $1.76-$2.02 for the period, compared to the consensus earnings per share 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 a number of 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.
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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 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 $12.07.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.60 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.