Park Hotels & Resorts Stock Forecast, Price & News

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PK stock has increased by 46.6% and is now trading at $17.56.
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15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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 MarketBeat's top 5 stock picks.

Wall Street analysts have given Park Hotels & Resorts a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Park Hotels & Resorts wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
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Park Hotels & Resorts will be holding an earnings conference call on Thursday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Park Hotels & Resorts Inc. (NYSE:PK) posted its earnings results on Thursday, November, 5th. The financial services provider reported ($1.17) EPS for the quarter, missing the Zacks' consensus estimate of ($0.52) by $0.65. The financial services provider earned $98 million during the quarter, compared to the consensus estimate of $122.54 million. Park Hotels & Resorts had a negative trailing twelve-month return on equity of 19.63% and a negative net margin of 71.01%. Park Hotels & Resorts's revenue was down 85.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share.
View Park Hotels & Resorts' earnings history.

Park Hotels & Resorts announced a quarterly dividend on Wednesday, February 26th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.45 per share on Wednesday, April 15th. This represents a $1.80 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date is Monday, March 30th.
View Park Hotels & Resorts' dividend history.

15 brokers have issued 1 year target prices for Park Hotels & Resorts' stock. Their forecasts range from $7.00 to $22.00. On average, they expect Park Hotels & Resorts' share price to reach $12.90 in the next year. This suggests that the stock has a possible downside of 26.5%.
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Some companies that are related to Park Hotels & Resorts include Caesars Entertainment (CZR), Penn National Gaming (PENN), MGM Resorts International (MGM), Huazhu Group (HTHT), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Wyndham Destinations (WYND), Red Rock Resorts (RRR), Extended Stay America (STAY) and Extended Stay America (STAY).
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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), The Boeing (BA), Delta Air Lines (DAL), Ford Motor (F), American Airlines Group (AAL), Annaly Capital Management (NLY) and Pfizer (PFE).

Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Park Hotels & Resorts' stock is owned by many different institutional and retail investors. Top institutional investors include TB Alternative Assets Ltd. (0.46%), Campbell Capital Management Inc. (0.13%), Strs Ohio (0.13%), Nisa Investment Advisors LLC (0.08%), State of Alaska Department of Revenue (0.04%) and Patten & Patten Inc. TN (0.03%). Company insiders that own Park Hotels & Resorts stock include Jill C Olander, Thomas A Natelli, Thomas D Eckert and Thomas J Baltimore Jr.
View institutional ownership trends for Park Hotels & Resorts.

PK stock was sold by a variety of institutional investors in the last quarter, including TB Alternative Assets Ltd., Campbell Capital Management Inc., Pacer Advisors Inc., Cascade Investment Advisors Inc., First National Bank of Mount Dora Trust Investment Services, Crossmark Global Holdings Inc., Strs Ohio, and State of Alaska Department of Revenue.
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PK stock was acquired by a variety of institutional investors in the last quarter, including Unison Advisors LLC, Nisa Investment Advisors LLC, DORCHESTER WEALTH MANAGEMENT Co, Patten & Patten Inc. TN, International Assets Investment Management LLC, and Park Avenue Securities LLC. Company insiders that have bought Park Hotels & Resorts stock in the last two years include Jill C Olander, Thomas A Natelli, Thomas D Eckert, and Thomas J Baltimore Jr.
View insider buying and selling activity for Park Hotels & Resorts or or view top insider-buying stocks.

Shares of PK 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.

One share of PK stock can currently be purchased for approximately $17.56.

Park Hotels & Resorts has a market capitalization of $4.14 billion and generates $2.84 billion in revenue each year. The financial services provider earns $306 million in net income (profit) each year or $2.88 on an earnings per share basis. Park Hotels & Resorts employs 488 workers across the globe.

The official website for Park Hotels & Resorts is 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]