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

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.

8 equities research analysts have issued 12-month price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $12.50 to $25.00. On average, they expect the company's share price to reach $17.55 in the next year. This suggests a possible upside of 26.1% 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 shares have increased by 18.0% and is now trading at $13.91.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our PK earnings forecast.

Park Hotels & Resorts Inc. (NYSE:PK) released 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 had revenue of $648 million for 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%. The business's revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS.

Park Hotels & Resorts declared a quarterly dividend on Thursday, June 8th. Shareholders of record on Friday, June 30th will be given a dividend of $0.15 per share on Monday, July 17th. This represents a $0.60 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Thursday, June 29th.
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), ALPS Active REIT ETF (REIT), AB US High Dividend ETF (HIDV) and Defiance Hotel, Airline, and Cruise ETF (CRUZ).

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.21%. 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 31.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

Park Hotels & Resorts issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $1.76-$2.12 for the period, compared to the consensus earnings per share estimate of $1.82. 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 variety of institutional and retail investors. Top institutional shareholders 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.
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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 $13.91.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.00 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.

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.