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NYSE:PK

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

$14.78
-0.25 (-1.66%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$14.72
$15.06
50-Day Range
$11.09
$15.03
52-Week Range
$10.92
$20.58
Volume
3.59 million shs
Average Volume
3.32 million shs
Market Capitalization
$3.32 billion
P/E Ratio
50.97
Dividend Yield
6.66%
Price Target
$18.13

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
22.6% Upside
$18.13 Price Target
Short Interest
Bearish
7.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.68
Upright™ Environmental Score
News Sentiment
0.59mentions of Park Hotels & Resorts in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$35,580 Sold Last Quarter
Proj. Earnings Growth
19.72%
From $1.42 to $1.70 Per Share

Overall MarketRank

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

2.55 out of 5 stars

Finance Sector

221st out of 865 stocks

Hotels & Motels Industry

3rd 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

MCR buys Hilton Miami Airport hotel for $118M
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Expert Ratings for Park Hotels & Resorts
PK Park Hotels & Resorts Inc.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
See More Headlines
Receive PK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Park Hotels & Resorts and its competitors with MarketBeat's FREE daily newsletter.

PK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
2/03/2023
Next Earnings (Confirmed)
2/22/2023
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
$18.13
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$-459,000,000.00
Pretax Margin
3.28%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Book Value
$18.62 per share

Miscellaneous

Free Float
222,392,000
Market Cap
$3.32 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
  • Darren W. Robb
    Chief Accounting Officer & Senior Vice President
  • Nancy M. Vu
    Secretary, Chief Legal Officer & Senior VP













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 twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $14.00 to $25.00. On average, they predict the company's share price to reach $18.13 in the next twelve months. This suggests a possible upside of 21.2% 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 on January 1st, 2023. Since then, PK shares have increased by 26.9% and is now trading at $14.96.
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 Wednesday, February 22nd 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 Thursday, February 23rd 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) released its quarterly earnings data on Wednesday, November, 3rd. The financial services provider reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by $0.37. The financial services provider had revenue of $423 million for the quarter, compared to analyst estimates of $416.88 million. Park Hotels & Resorts had a net margin of 2.67% and a trailing twelve-month return on equity of 1.41%. During the same quarter in the prior year, the business posted ($0.63) EPS.

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, December 7th. Stockholders of record on Friday, December 30th will be given a dividend of $0.25 per share on Tuesday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Thursday, December 29th. This is an increase from the stock's previous quarterly dividend of $0.01.
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 6.66%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 344.83%. 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 58.82% 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 updated its fourth quarter 2022 earnings guidance on Tuesday, December, 27th. The company provided EPS guidance of $0.38-$0.45 for the period. The company issued revenue guidance of $651.00 million-$686.00 million, compared to the consensus revenue estimate of $651.12 million.

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 Lasalle Investment Management Securities LLC (1.43%), Sumitomo Mitsui Trust Holdings Inc. (1.37%), Strs Ohio (0.57%), SG Americas Securities LLC (0.24%), New York State Common Retirement Fund (0.13%) and Blue Zone Wealth Advisors LLC (0.10%). Insiders that own company 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
.

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 $14.96.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.36 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 $0.29 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 2/3/2023 by MarketBeat.com Staff