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 declared a quarterly dividend on Tuesday, December 10th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.55 per share on Wednesday, January 15th. This represents a $2.20 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from Park Hotels & Resorts's previous quarterly dividend of $0.45. View Park Hotels & Resorts' Dividend History.

Park Hotels & Resorts Inc (NYSE:PK) posted its earnings results on Monday, May, 6th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The financial services provider earned $659 million during the quarter, compared to the consensus estimate of $655.79 million. Park Hotels & Resorts had a return on equity of 4.09% and a net margin of 8.71%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. View Park Hotels & Resorts' Earnings History.

Park Hotels & Resorts is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 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 earnings per share estimate of $2.73.

10 brokerages have issued 12-month price objectives for Park Hotels & Resorts' stock. Their forecasts range from $23.00 to $34.00. On average, they expect Park Hotels & Resorts' stock price to reach $28.00 in the next year. This suggests a possible upside of 42.9% 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.

Media coverage about PK stock has trended somewhat positive on Wednesday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Park Hotels & Resorts earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave press coverage 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 near 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), Red Rock Resorts (RRR) and Sunstone Hotel Investors (SHO).

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), Iron Mountain (IRM), ANNALY CAP MGMT/SH (NLY), Omega Healthcare Investors (OHI), Enterprise Products Partners (EPD), Ford Motor (F), WP Carey (WPC) and AbbVie (ABBV).

Park Hotels & Resorts' stock is owned by a number of of institutional and retail investors. Top institutional investors 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 $19.59.

Park Hotels & Resorts has a market capitalization of $4.69 billion and generates $2.74 billion in revenue each year. The financial services provider earns $472 million in net income (profit) each year or $2.96 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]