NYSE:PK - Park Hotels & Resorts Stock Price, Forecast & News

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

Park Hotels & Resorts announced a quarterly dividend on Wednesday, February 26th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.45 per share on Wednesday, April 15th. This represents a $1.80 annualized dividend and a dividend yield of 9.86%. The ex-dividend date of this dividend is Monday, March 30th. View Park Hotels & Resorts' Dividend History.

Park Hotels & Resorts Inc (NYSE:PK) posted its quarterly earnings data on Wednesday, February, 26th. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks' consensus estimate of $0.67 by $0.16. The financial services provider had revenue of $810 million for the quarter, compared to analysts' expectations of $783.53 million. Park Hotels & Resorts had a return on equity of 5.21% and a net margin of 10.76%. View Park Hotels & Resorts' Earnings History.

Park Hotels & Resorts is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Park Hotels & Resorts.

Park Hotels & Resorts issued an update on its FY20 earnings guidance on Wednesday, February, 26th. The company provided earnings per share (EPS) guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.73.

10 analysts have issued twelve-month price objectives for Park Hotels & Resorts' shares. Their forecasts range from $23.00 to $34.00. On average, they anticipate Park Hotels & Resorts' share price to reach $28.00 in the next twelve months. This suggests a possible upside of 53.3% from the stock's current price. View Analyst Price Targets for Park Hotels & Resorts.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Park Hotels & Resorts.

Headlines about PK stock have trended positive this week, according to InfoTrie. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Park Hotels & Resorts.

Some companies that are related to Park Hotels & Resorts include MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Melco Resorts & Entertainment (MLCO), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Penn National Gaming (PENN), Boyd Gaming (BYD), Sunstone Hotel Investors (SHO) and Red Rock Resorts (RRR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Park Hotels & Resorts investors own include AT&T (T), Energy Transfer LP Unit (ET), Iron Mountain (IRM), New Residential Investment (NRZ), ANNALY CAP MGMT/SH (NLY), Omega Healthcare Investors (OHI), Ford Motor (F), Enterprise Products Partners (EPD), WP Carey (WPC) and AbbVie (ABBV).

Park Hotels & Resorts' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (12.05%), State Street Corp (4.43%), Daiwa Securities Group Inc. (2.57%), Principal Financial Group Inc. (2.53%), Alliancebernstein L.P. (2.30%) and Brookfield Public Securities Group LLC (2.15%). View Institutional Ownership Trends for Park Hotels & Resorts.

PK stock was sold by a variety of institutional investors in the last quarter, including AJO LP, Schroder Investment Management Group, FMR LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, State Street Corp, Raymond James & Associates and LSV Asset Management. View Insider Buying and Selling for Park Hotels & Resorts.

PK stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Cohen & Steers Inc., Brookfield Public Securities Group LLC, Securian Asset Management Inc, Bank of New York Mellon Corp, Capital Advisors Inc. OK, Guggenheim Capital LLC and Hill Winds Capital LP. View Insider Buying and Selling for Park Hotels & Resorts.

Shares of PK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PK stock can currently be purchased for approximately $18.26.

Park Hotels & Resorts has a market capitalization of $4.37 billion and generates $2.84 billion in revenue each year. The financial services provider earns $472 million in net income (profit) each year or $2.88 on an earnings per share basis. Park Hotels & Resorts employs 517 workers across the globe.View Additional Information About Park Hotels & Resorts.

The official website for Park Hotels & Resorts is http://www.pkhotelsandresorts.com/.

Park Hotels & Resorts' mailing address is 1775 TYSONS BOULEVARD 7TH FLOOR, TYSONS VA, 22102. The financial services provider can be reached via phone at 571-302-5757 or via email at [email protected]