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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 1 sell rating, 8 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.

12 analysts have issued 1-year price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $15.00 to $25.00. On average, they anticipate the company's stock price to reach $19.04 in the next twelve months. This suggests a possible upside of 60.5% from the stock's current price.
View analysts price targets for PK or view top-rated stocks among Wall Street analysts.

Park Hotels & Resorts' stock was trading at $18.88 at the beginning of the year. Since then, PK stock has decreased by 37.2% and is now trading at $11.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our PK earnings forecast.

Park Hotels & Resorts Inc. (NYSE:PK) issued its earnings results on Wednesday, November, 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.23. The financial services provider had revenue of $662 million for the quarter, compared to the consensus estimate of $651.62 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 1.41% and a net margin of 2.67%.

Park Hotels & Resorts declared a quarterly dividend on Friday, September 9th. Shareholders of record on Friday, September 30th will be given a dividend of $0.01 per share on Monday, October 17th. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for PK.

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.33%. The dividend payout ratio is 13.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PK will have a dividend payout ratio of 2.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

Park Hotels & Resorts updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $0.35-$0.43 for the period, compared to the consensus estimate of $0.42. The company issued revenue guidance of -.

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).

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 Vanguard Group Inc. (14.20%), BlackRock Inc. (12.66%), State Street Corp (5.58%), PGGM Investments (3.38%), Cbre Investment Management Listed Real Assets LLC (1.65%) and Centersquare Investment Management LLC (1.63%). 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.
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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.
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One share of PK stock can currently be purchased for approximately $11.86.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.67 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.

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.