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

$9.93
+0.08 (+0.81 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$9.85
Now: $9.93
$10.68
50-Day Range
$8.08
MA: $9.24
$10.56
52-Week Range
$3.99
Now: $9.93
$27.03
Volume7.54 million shs
Average Volume7.04 million shs
Market Capitalization$2.34 billion
P/E RatioN/A
Dividend Yield18.13%
Beta1.91
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: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.80 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$2.68 per share
Book Value$26.95 per share

Profitability

Net Income$306 million

Miscellaneous

Employees517
Market Cap$2.34 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$9.93
+0.08 (+0.81 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PK shares have decreased by 17.1% and is now trading at $9.93.
View which stocks have been most impacted by COVID-19
.

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 4 sell ratings, 6 hold ratings and 3 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, November 4th 2020.
View our earnings forecast for Park Hotels & Resorts
.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc (NYSE:PK) issued its earnings results on Wednesday, August, 5th. The financial services provider reported ($1.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by $0.41. Park Hotels & Resorts had a negative return on equity of 13.76% and a negative net margin of 38.58%.
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 announced a quarterly dividend on Wednesday, February 26th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.45 per share on Wednesday, April 15th. This represents a $1.80 annualized dividend and a dividend yield of 18.13%. The ex-dividend date is Monday, March 30th.
View Park Hotels & Resorts' dividend history
.

What price target have analysts set for PK?

13 analysts have issued twelve-month price objectives for Park Hotels & Resorts' stock. Their forecasts range from $6.50 to $31.00. On average, they expect Park Hotels & Resorts' share price to reach $14.17 in the next year. This suggests a possible upside of 42.7% from the stock's current price.
View analysts' price targets for Park Hotels & Resorts
.

Has Park Hotels & Resorts been receiving favorable news coverage?

News headlines about PK stock have been trending extremely negative on Thursday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Park Hotels & Resorts earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Park Hotels & Resorts
.

Are investors shorting Park Hotels & Resorts?

Park Hotels & Resorts saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 20,150,000 shares, an increase of 19.2% from the April 30th total of 16,900,000 shares. Based on an average daily volume of 8,960,000 shares, the days-to-cover ratio is currently 2.2 days.
View Park Hotels & Resorts' Short Interest
.

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), Carnival (CCL), Ford Motor (F), Exxon Mobil (XOM), Boeing (BA), Delta Air Lines (DAL), American Airlines Group (AAL), ANNALY CAP MGMT/SH (NLY) and New Residential Investment (NRZ).

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 retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (4.35%), Goldman Sachs Group Inc. (1.95%), Bank of New York Mellon Corp (1.35%), Prudential Financial Inc. (0.97%), Sumitomo Mitsui Trust Holdings Inc. (0.84%) and TB Alternative Assets Ltd. (0.63%). 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 Russell Investments Group Ltd., First Trust Advisors LP, Bank of New York Mellon Corp, Ensign Peak Advisors Inc, New York State Common Retirement Fund, Envestnet Asset Management Inc., Mutual of America Capital Management LLC, and UBS Group AG.
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 Principal Financial Group Inc., TB Alternative Assets Ltd., Prudential Financial Inc., Campbell Capital Management Inc., Sumitomo Mitsui Trust Holdings Inc., Teachers Insurance & Annuity Association of America, Raymond James & Associates, and New York State Teachers Retirement System. 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 $9.93.

How big of a company is Park Hotels & Resorts?

Park Hotels & Resorts has a market capitalization of $2.34 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 8/13/2020 by MarketBeat.com Staff

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