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NYSE:PK

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

$11.49
+0.15 (+1.32%)
(As of 03/28/2023 05:12 PM ET)
Add
Compare
Today's Range
$11.22
$11.53
50-Day Range
$11.02
$15.03
52-Week Range
$10.70
$20.58
Volume
2.90 million shs
Average Volume
3.33 million shs
Market Capitalization
$2.55 billion
P/E Ratio
15.96
Dividend Yield
5.22%
Price Target
$18.21

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
58.5% Upside
$18.21 Price Target
Short Interest
Bearish
7.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.68
Upright™ Environmental Score
News Sentiment
1.22mentions of Park Hotels & Resorts in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Finance Sector

343rd out of 891 stocks

Hotels & Motels Industry

8th out of 25 stocks


PK stock logo

About Park Hotels & Resorts (NYSE:PK) Stock

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

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PK Stock News Headlines

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Q4 2022 Park Hotels & Resorts Inc Earnings Call
Earnings Preview For Park Hotels & Resorts
What's in Store for American Tower (AMT) in Q4 Earnings?
What's in Store for Public Storage (PSA) in Q4 Earnings?
MCR buys Hilton Miami Airport hotel for $118M
Expert Ratings for Park Hotels & Resorts
PK Park Hotels & Resorts Inc.
See More Headlines
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PK Company Calendar

Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Last Earnings
2/22/2023
Today
3/28/2023
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Next Earnings (Confirmed)
5/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
80
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.21
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+60.6%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$162 million
Pretax Margin
6.92%

Debt

Sales & Book Value

Annual Sales
$2.50 billion
Cash Flow
$1.98 per share
Book Value
$19.08 per share

Miscellaneous

Free Float
219,485,000
Market Cap
$2.52 billion
Optionable
Optionable
Beta
1.96

Key Executives

  • Tom J. Baltimore
    Chairman, President & Chief Executive Officer
  • Sean Michael Dell’Orto
    Chief Financial Officer, Treasurer & Executive VP
  • Thomas C. Morey
    Chief Investment Officer & Executive VP
  • Nancy M. Vu
    Secretary, General Counsel & Executive VP
  • Darren W. Robb
    Chief Accounting Officer & Senior Vice President













PK Stock - Frequently Asked Questions

Should I buy or sell Park Hotels & Resorts stock right now?

10 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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.

What is Park Hotels & Resorts' stock price forecast for 2023?

10 brokers have issued 1-year price objectives for Park Hotels & Resorts' stock. Their PK share price forecasts range from $15.00 to $25.00. On average, they expect the company's share price to reach $18.21 in the next twelve months. This suggests a possible upside of 58.2% from the stock's current price.
View analysts price targets for PK
or view top-rated stocks among Wall Street analysts.

How have PK shares performed in 2023?

Park Hotels & Resorts' stock was trading at $11.79 at the beginning of 2023. Since then, PK shares have decreased by 2.4% and is now trading at $11.51.
View the best growth stocks for 2023 here
.

When is Park Hotels & Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our PK earnings forecast
.

How can I listen to Park Hotels & Resorts' earnings call?

Park Hotels & Resorts will be holding an earnings conference call on Monday, May 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) announced its quarterly earnings data on Wednesday, February, 22nd. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.24. The financial services provider had revenue of $665 million for the quarter, compared to the consensus estimate of $652.61 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 3.77% and a net margin of 6.48%.

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, March 15th. Stockholders of record on Friday, March 31st will be given a dividend of $0.15 per share on Monday, April 17th. This represents a $0.60 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for PK
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 8.88%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 138.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PK will have a dividend payout ratio of 55.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

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

Park Hotels & Resorts issued an update on its FY23 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $1.60-1.99 for the period, compared to the consensus earnings per share estimate of $1.78.

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 (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).

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 variety of institutional and retail investors. Top institutional shareholders include PGGM Investments (3.23%), Vulcan Value Partners LLC (1.71%), Cbre Investment Management Listed Real Assets LLC (1.68%), Geode Capital Management LLC (1.58%), Donald Smith & CO. Inc. (1.49%) and Lasalle Investment Management Securities LLC (1.43%). Insiders that own company stock include Geoffrey Garrett, Stephen I Sadove, Thomas A Natelli and Thomas D Eckert.
View institutional ownership trends
.

How do I buy shares of Park Hotels & Resorts?

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.
Compare Top Brokerages Here.

What is Park Hotels & Resorts' stock price today?

One share of PK stock can currently be purchased for approximately $11.51.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.55 billion and generates $2.50 billion in revenue each year. The financial services provider earns $162 million in net income (profit) each year or $0.72 on an earnings per share basis.

How can I contact Park Hotels & Resorts?

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.

This page (NYSE:PK) was last updated on 3/28/2023 by MarketBeat.com Staff