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.
Industry, Sector and Symbol
Industry Hotels & motels
Sub-IndustryN/A
SectorFinance
Phone571-302-5757
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.74 billion
Profitability
Miscellaneous
Employees517
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
Park Hotels & Resorts (NYSE:PK) Frequently Asked Questions
What is Park Hotels & Resorts' stock symbol?
Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."
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 Friday, July 26th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.45 per share on Tuesday, October 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Friday, September 27th. View Park Hotels & Resorts' Dividend History.
How were Park Hotels & Resorts' earnings last quarter?
Park Hotels & Resorts Inc (NYSE:PK) released its quarterly earnings data on Wednesday, July, 31st. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.82 by $0.42. The financial services provider earned $703 million during the quarter, compared to analysts' expectations of $694.08 million. Park Hotels & Resorts had a net margin of 10.52% and a return on equity of 5.06%. The firm's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. View Park Hotels & Resorts' Earnings History.
When is Park Hotels & Resorts' next earnings date?
What guidance has Park Hotels & Resorts issued on next quarter's earnings?
Park Hotels & Resorts issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $2.86-2.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.99.
What price target have analysts set for PK?
10 brokers have issued 12 month price targets for Park Hotels & Resorts' shares. Their predictions range from $24.00 to $36.00. On average, they anticipate Park Hotels & Resorts' share price to reach $30.30 in the next year. This suggests a possible upside of 16.4% from the stock's current price. View Analyst Price Targets for Park Hotels & Resorts.
What is the consensus analysts' recommendation 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 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Park Hotels & Resorts.
Has Park Hotels & Resorts been receiving favorable news coverage?
News coverage about PK stock has been trending negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Park Hotels & Resorts earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Park Hotels & Resorts.
Are investors shorting Park Hotels & Resorts?
Park Hotels & Resorts saw a decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,368,500 shares, a decrease of 36.6% from the July 31st total of 10,038,300 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.2% of the company's shares are short sold. View Park Hotels & Resorts' Current Options Chain.
Who are some of Park Hotels & Resorts' key competitors?
Some companies that are related to Park Hotels & Resorts include MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD), Extended Stay America (STAY) and Belmond (BEL).
What other stocks do shareholders of Park Hotels & Resorts own?
Who are Park Hotels & Resorts' key executives?
Park Hotels & Resorts' management team includes the folowing 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)
Who are Park Hotels & Resorts' major shareholders?
Park Hotels & Resorts' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.65%), Cohen & Steers Inc. (12.55%), BlackRock Inc. (11.18%), BlackRock Inc. (11.18%), Invesco Ltd. (3.38%) and Brookfield Asset Management Inc. (2.99%). 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 JPMorgan Chase & Co., Amundi Pioneer Asset Management Inc., Marshall Wace LLP, Allianz Asset Management GmbH, Centersquare Investment Management LLC, AMP Capital Investors Ltd, Teachers Insurance & Annuity Association of America and Mackenzie Financial Corp. View Insider Buying and Selling for Park Hotels & Resorts.
Which institutional investors are buying Park Hotels & Resorts stock?
PK stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Schroder Investment Management Group, Brookfield Asset Management Inc., APG Asset Management N.V., BlackRock Inc., BlackRock Inc., Invesco Ltd. and Nuveen Asset Management LLC. View Insider Buying and Selling 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 $26.02.
How big of a company is Park Hotels & Resorts?
Park Hotels & Resorts has a market capitalization of $5.25 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.
What is Park Hotels & Resorts' official website?
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]
MarketBeat Community Rating for Park Hotels & Resorts (NYSE PK)
MarketBeat's community ratings are surveys of what our community members think about Park Hotels & Resorts and other stocks. Vote "Outperform" if you believe PK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PK will underperform the S&P 500 over the long term. You may vote once every thirty days.
