S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees

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

$15.05
0.00 (0.00%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$14.86
$15.38
50-Day Range
$13.09
$19.45
52-Week Range
$12.90
$21.62
Volume
3.66 million shs
Average Volume
3.52 million shs
Market Capitalization
$3.51 billion
P/E Ratio
N/A
Dividend Yield
0.27%
Price Target
$21.44

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
42.4% Upside
$21.44 Price Target
Short Interest
Bearish
5.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.94
Upright™ Environmental Score
News Sentiment
0.23mentions of Park Hotels & Resorts in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$151,200 Bought Last Quarter
Proj. Earnings Growth
42.07%
From $1.45 to $2.06 Per Share

Overall MarketRank

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

2.44 out of 5 stars

Finance Sector

458th out of 1,176 stocks

Hotels & Motels Industry

13th out of 30 stocks

PK stock logo

About Park Hotels & Resorts (NYSE:PK) Stock

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 currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock remained flat at $15.05 on Friday. The stock had a trading volume of 3,656,197 shares, compared to its average volume of 2,896,739. Park Hotels & Resorts has a fifty-two week low of $12.90 and a fifty-two week high of $21.62. The company has a current ratio of 3.26, a quick ratio of 3.02 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.51 billion, a PE ratio of -68.41 and a beta of 1.94. The business has a 50-day moving average price of $15.23 and a 200 day moving average price of $17.44.

Park Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. Park Hotels & Resorts's payout ratio is -18.18%.

Analysts Set New Price Targets

A number of research firms have commented on PK. Deutsche Bank Aktiengesellschaft lifted their target price on Park Hotels & Resorts from $26.00 to $28.00 in a research report on Tuesday, May 3rd. Evercore ISI restated an "in-line" rating and issued a $22.50 target price on shares of Park Hotels & Resorts in a research report on Monday, July 11th. StockNews.com upgraded Park Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday. Truist Financial raised Park Hotels & Resorts from a "hold" rating to a "buy" rating and lifted their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, June 1st. Finally, Barclays dropped their price objective on Park Hotels & Resorts from $22.00 to $18.00 and set an "equal weight" rating for the company in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Park Hotels & Resorts presently has a consensus rating of "Hold" and an average price target of $21.44.

Insider Activity at Park Hotels & Resorts

In other news, Director Thomas D. Eckert acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average cost of $15.12 per share, for a total transaction of $151,200.00. Following the transaction, the director now directly owns 96,637 shares in the company, valued at approximately $1,461,151.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by insiders.

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PK Stock News Headlines

Park Hotels & Resorts (NYSE:PK) Raised to Hold at StockNews.com
3 Best Performing REITs On Friday
Park Hotels & Resorts Inc - Stock Chart
Park Hotels & Resorts declares $0.01 dividend
See More Headlines
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PK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/08/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$21.44
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+42.4%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$-459,000,000.00
Pretax Margin
-2.29%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Book Value
$18.62 per share

Miscellaneous

Free Float
230,826,000
Market Cap
$3.51 billion
Optionable
Optionable
Beta
1.94

Key Executives

  • Mr. Thomas Jeremiah Baltimore Jr. (Age 59)
    Chairman, Pres & CEO
    Comp: $3.11M
  • Mr. Sean M. Dell'Orto (Age 47)
    Exec. VP, CFO & Treasurer
    Comp: $1.18M
  • Mr. Thomas C. Morey (Age 50)
    Exec. VP & Chief Investment Officer
    Comp: $1.18M
  • Ms. Nancy M. Vu (Age 45)
    Sr. VP, Gen. Counsel, Chief Legal Officer & Sec.
    Comp: $729.49k
  • Mr. Carl A. Mayfield (Age 58)
    Exec. VP of Design & Construction
    Comp: $1.08M
  • Mr. Darren W. Robb (Age 45)
    Sr. VP & Chief Accounting Officer
  • Mr. Ian C. Weissman
    Sr. VP of Corp. Strategy
  • Ms. Jill C. Olander (Age 48)
    Exec. VP of HR
  • Mr. Scott D. Winer
    Sr. VP of Tax
  • Ms. Diem T. Larsen
    Sr. VP of Financial Planning & Analysis













PK Stock - Frequently Asked Questions

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

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, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Park Hotels & Resorts stock. 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 analyst ratings for Park Hotels & Resorts
or view top-rated stocks.

What is Park Hotels & Resorts' stock price forecast for 2022?

10 analysts have issued 12 month target prices for Park Hotels & Resorts' stock. Their PK stock forecasts range from $18.00 to $28.00. On average, they expect Park Hotels & Resorts' share price to reach $21.44 in the next year. This suggests a possible upside of 42.4% from the stock's current price.
View analysts' price targets for Park Hotels & Resorts
or view top-rated stocks among Wall Street analysts.

How has Park Hotels & Resorts' stock price performed in 2022?

Park Hotels & Resorts' stock was trading at $18.88 at the start of the year. Since then, PK shares have decreased by 20.3% and is now trading at $15.05.
View the best growth stocks for 2022 here
.

When is Park Hotels & Resorts' next earnings date?

Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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, November, 3rd. The financial services provider reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.37. The financial services provider had revenue of $423 million for the quarter, compared to analysts' expectations of $416.88 million. Park Hotels & Resorts had a negative trailing twelve-month return on equity of 1.38% and a negative net margin of 2.93%. During the same quarter in the prior year, the business posted ($0.63) earnings per share.

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, June 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.01 per share on Friday, July 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Wednesday, June 29th.
View Park Hotels & Resorts' dividend history
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts(NYSE:PK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.27%.
View Park Hotels & Resorts' dividend history.

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

Park Hotels & Resorts updated its third quarter earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $0.34-0.43 for the period, compared to the consensus EPS estimate of $0.49.

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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.08%), Strs Ohio (0.41%), Matthew 25 Management Corp (0.37%), Securian Asset Management Inc. (0.20%), RPG Investment Advisory LLC (0.19%) and Asset Management One Co. Ltd. (0.18%). Company insiders that own Park Hotels & Resorts stock include Geoffrey Garrett, Jill C Olander, Stephen I Sadove, Thomas A Natelli, Thomas D Eckert and Thomas J Baltimore Jr.
View institutional ownership trends for Park Hotels & Resorts
.

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 $15.05.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.51 billion and generates $1.36 billion in revenue each year. The financial services provider earns $-459,000,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.

How many employees does Park Hotels & Resorts have?

Park Hotels & Resorts employs 80 workers across the globe.

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 Park Hotels & Resorts 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 8/8/2022 by MarketBeat.com Staff

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