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NYSE:PKPark Hotels & Resorts Stock Price, Forecast & News

$9.39
-0.48 (-4.86 %)
(As of 05/26/2020 04:00 PM ET)
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Compare
Today's Range
$9.22
Now: $9.39
$9.99
50-Day Range
$6.04
MA: $8.11
$9.87
52-Week Range
$3.99
Now: $9.39
$29.33
Volume10.62 million shs
Average Volume6.43 million shs
Market Capitalization$2.21 billion
P/E RatioN/A
Dividend Yield19.17%
Beta2.05
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.
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Park Hotels & Resorts logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.07 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone571-302-5757

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.84 billion
Cash Flow$2.40 per share
Book Value$26.95 per share

Profitability

Net Income$306 million

Miscellaneous

Employees517
Market Cap$2.21 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Park Hotels & Resorts (NYSE:PK) Frequently Asked Questions

How has Park Hotels & Resorts' stock been impacted by COVID-19 (Coronavirus)?

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PK stock has decreased by 21.6% and is now trading at $9.39. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Park Hotels & Resorts?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Park Hotels & Resorts.

When is Park Hotels & Resorts' next earnings date?

Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Park Hotels & Resorts.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc (NYSE:PK) released its quarterly earnings data on Monday, May, 11th. The financial services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.33. The financial services provider had revenue of $599 million for the quarter, compared to analyst estimates of $572.02 million. Park Hotels & Resorts had a negative net margin of 17.17% and a negative return on equity of 7.95%. The company's revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. View Park Hotels & Resorts' earnings history.

How often does Park Hotels & Resorts pay dividends? What is the dividend yield for Park Hotels & Resorts?

Park Hotels & Resorts declared 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 dividend on an annualized basis and a dividend yield of 19.17%. The ex-dividend date of this dividend is Monday, March 30th. View Park Hotels & Resorts' dividend history.

What guidance has Park Hotels & Resorts issued on next quarter's earnings?

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

What price target have analysts set for PK?

13 Wall Street analysts have issued 1-year price objectives for Park Hotels & Resorts' stock. Their forecasts range from $6.00 to $34.00. On average, they anticipate Park Hotels & Resorts' share price to reach $16.42 in the next twelve months. This suggests a possible upside of 74.9% from the stock's current price. View analysts' price targets for Park Hotels & Resorts.

Has Park Hotels & Resorts been receiving favorable news coverage?

Media stories about PK stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutPark Hotels & Resorts.

Who are some of Park Hotels & Resorts' key competitors?

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 LP Unit (ET), New Residential Investment (NRZ), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), Iron Mountain (IRM), Pfizer (PFE), Exxon Mobil (XOM), AbbVie (ABBV) and AGNC Investment (AGNC).

Who are Park Hotels & Resorts' key executives?

Park Hotels & Resorts' management team includes the following people:
  • Mr. Thomas Jeremiah Baltimore Jr., Chairman, Pres & CEO (Age 56)
  • Mr. Sean M. Dell'Orto, Exec. VP, CFO & Treasurer (Age 44)
  • Mr. Matthew A. Sparks, Exec. VP & Chief Investment Officer (Age 58)
  • Mr. Thomas C. Morey, Exec. VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Robert D. Tanenbaum, Exec. VP of Asset Management (Age 52)

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. (12.85%), Cohen & Steers Inc. (7.68%), State Street Corp (4.81%), Southeastern Asset Management Inc. TN (4.84%), Principal Financial Group Inc. (3.24%) and JPMorgan Chase & Co. (2.20%). Company insiders that own Park Hotels & Resorts stock include Jill C Olander, Thomas A Natelli and Thomas J Baltimore Jr. View institutional ownership trends for Park Hotels & Resorts.

Which institutional investors are selling Park Hotels & Resorts stock?

PK stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Invesco Ltd., BlackRock Inc., Centersquare Investment Management LLC, Raymond James & Associates, Nuveen Asset Management LLC, Russell Investments Group Ltd., and Schroder Investment Management Group. View insider buying and selling activity for Park Hotels & Resorts.

Which institutional investors are buying Park Hotels & Resorts stock?

PK stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Principal Financial Group Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Citigroup Inc., and Donald Smith & CO. Inc.. Company insiders that have bought Park Hotels & Resorts stock in the last two years include Jill C Olander, Thomas A Natelli, and Thomas J Baltimore Jr. View insider buying and selling activity for Park Hotels & Resorts.

How do I buy shares of 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.

What is Park Hotels & Resorts' stock price today?

One share of PK stock can currently be purchased for approximately $9.39.

How big of a company is Park Hotels & Resorts?

Park Hotels & Resorts has a market capitalization of $2.21 billion and generates $2.84 billion in revenue each year. The financial services provider earns $306 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.

What is Park Hotels & Resorts' official website?

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

How can I contact Park Hotels & Resorts?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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