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

$11.96
+0.91 (+8.24 %)
(As of 06/4/2020 04:00 PM ET)
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Today's Range
$10.97
Now: $11.96
$12.18
50-Day Range
$6.93
MA: $8.62
$11.05
52-Week Range
$3.99
Now: $11.96
$28.90
Volume15.43 million shs
Average Volume6.67 million shs
Market Capitalization$2.82 billion
P/E RatioN/A
Dividend Yield16.29%
Beta2.03
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$2.72 per share
Book Value$26.95 per share

Profitability

Net Income$306 million

Miscellaneous

Employees517
Market Cap$2.82 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 (WHO). Since then, PK stock has decreased by 0.2% and is now trading at $11.96. 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) announced its earnings results on Monday, May, 11th. The financial services provider reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.33. The financial services provider earned $599 million during the quarter, compared to analyst estimates of $572.02 million. Park Hotels & Resorts had a negative return on equity of 7.95% and a negative net margin of 17.17%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. 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 15.05%. The ex-dividend date is Monday, March 30th. View Park Hotels & Resorts' dividend history.

What price target have analysts set for PK?

13 equities research analysts have issued twelve-month price objectives for Park Hotels & Resorts' shares. Their forecasts range from $6.00 to $34.00. On average, they expect Park Hotels & Resorts' stock price to reach $16.42 in the next year. This suggests a possible upside of 37.3% from the stock's current price. View analysts' price targets for Park Hotels & Resorts.

Has Park Hotels & Resorts been receiving favorable news coverage?

News coverage about PK stock has been trending very negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. 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 news impact score of -3.2 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few 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 a number of institutional and retail 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, Thomas D Eckert 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 purchased 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, Thomas D Eckert, 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 $11.96.

How big of a company is Park Hotels & Resorts?

Park Hotels & Resorts has a market capitalization of $2.82 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 6/5/2020 by MarketBeat.com Staff

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