NYSE:PKPark Hotels & Resorts Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Park Hotels & Resorts Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $10.56 +0.72 (+7.32 %) (As of 06/1/2020 12:57 PM ET) Add Compare Share Today's Range$9.71Now: $10.56▼$10.6850-Day Range$6.93MA: $8.37▼$10.7052-Week Range$3.99Now: $10.56▼$28.90Volume5.60 million shsAverage Volume9.02 million shsMarket Capitalization$2.49 billionP/E RatioN/ADividend Yield18.31%Beta2.03 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.0 Analyst's Opinion Consensus RatingPark Hotels & Resorts has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 4 buy ratings, 6 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.42, Park Hotels & Resorts has a potential upside of 56.4% from its current price of $10.50.Amount of Analyst CoveragePark Hotels & Resorts has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesPark Hotels & Resorts has received 256 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPark Hotels & Resorts has received 300 “underperform” votes. (Add your “underperform” vote.)Community SentimentPark Hotels & Resorts has received 53.96% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend LeadershipPark Hotels & Resorts is a leading dividend payer. It pays a dividend yield of 18.31%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPark Hotels & Resorts has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Park Hotels & Resorts is 62.50 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Park Hotels & Resorts will have a dividend payout ratio of 97.30 % in the coming year. This indicates that Park Hotels & Resorts may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Park Hotels & Resorts insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,181,156.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.60% of the stock of Park Hotels & Resorts is held by insiders.Percentage Held by Institutions93.54% of the stock of Park Hotels & Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Park Hotels & Resorts are expected to grow by 374.36% in the coming year, from $0.39 to $1.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Park Hotels & Resorts is -5.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Park Hotels & Resorts is -5.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPark Hotels & Resorts has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.07 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Hotels & motels Sub-IndustryN/A SectorFinance Current SymbolNYSE:PK Previous Symbol CUSIPN/A CIK1617406 Webwww.pkhotelsandresorts.com Phone571-302-5757Debt Debt-to-Equity Ratio0.92 Current Ratio5.41 Quick Ratio5.41Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio27.06 P/E GrowthN/A Sales & Book Value Annual Sales$2.84 billion Price / Sales0.87 Cash Flow$2.58 per share Price / Cash Flow4.09 Book Value$26.95 per share Price / Book0.39Profitability EPS (Most Recent Fiscal Year)$2.88 Net Income$306 million Net Margins-17.17% Return on Equity-7.95% Return on Assets-4.38%Miscellaneous Employees517 Outstanding Shares235,590,000Market Cap$2.49 billion Next Earnings Date7/29/2020 (Estimated) OptionableOptionable PK Rates by TradingView Receive PK News and Ratings via Email Sign-up to receive the latest news and ratings for PK and its competitors with MarketBeat's FREE daily newsletter. Park Hotels & Resorts (NYSE:PK) Frequently Asked Questions How has Park Hotels & Resorts' stock been impacted by COVID-19 (Coronavirus)? Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PK shares have decreased by 12.4% and is now trading at $10.50. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Park Hotels & Resorts? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Park Hotels & Resorts. When is Park Hotels & Resorts' next earnings date? Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Park Hotels & Resorts. How were Park Hotels & Resorts' earnings last quarter? Park Hotels & Resorts Inc (NYSE:PK) released its quarterly earnings results on Monday, May, 11th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.36 by $0.33. The financial services provider had revenue of $599 million for the quarter, compared to analyst estimates of $572.02 million. Park Hotels & Resorts had a negative net margin of 17.17% and a negative return on equity of 7.95%. The business's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. View Park Hotels & Resorts' earnings history. 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, February 26th. Stockholders 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 annualized dividend and a dividend yield of 17.14%. The ex-dividend date is Monday, March 30th. View Park Hotels & Resorts' dividend history. What price target have analysts set for PK? 13 brokers have issued twelve-month price targets for Park Hotels & Resorts' stock. Their forecasts range from $6.00 to $34.00. On average, they expect Park Hotels & Resorts' stock price to reach $16.42 in the next twelve months. This suggests a possible upside of 56.4% from the stock's current price. View analysts' price targets for Park Hotels & Resorts. Has Park Hotels & Resorts been receiving favorable news coverage? News headlines about PK stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutPark Hotels & Resorts. Who are some of Park Hotels & Resorts' key competitors? Some companies that are related to Park Hotels & Resorts include Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), MGM Resorts International (MGM), Caesars Entertainment (CZR), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Penn National Gaming (PENN), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Boyd Gaming (BYD), Extended Stay America (STAY), Sunstone Hotel Investors (SHO) and Red Rock Resorts (RRR). View all competitors. 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 LP Unit (ET), New Residential Investment (NRZ), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), Iron Mountain (IRM), Pfizer (PFE), Exxon Mobil (XOM), AbbVie (ABBV) and AGNC Investment (AGNC). Who are Park Hotels & Resorts' key executives? Park Hotels & Resorts' management team includes the following 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) 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (12.85%), Cohen & Steers Inc. (7.68%), State Street Corp (4.81%), Southeastern Asset Management Inc. TN (4.84%), Principal Financial Group Inc. (3.24%) and JPMorgan Chase & Co. (2.20%). Company insiders that own Park Hotels & Resorts stock include Jill C Olander, Thomas A Natelli and Thomas J Baltimore Jr. 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 Cohen & Steers Inc., Invesco Ltd., BlackRock Inc., Centersquare Investment Management LLC, Raymond James & Associates, Nuveen Asset Management LLC, Russell Investments Group Ltd., and Schroder Investment Management Group. View insider buying and selling activity for Park Hotels & Resorts. Which institutional investors are buying Park Hotels & Resorts stock? PK stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Principal Financial Group Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Citigroup Inc., and Donald Smith & CO. Inc.. Company insiders that have bought Park Hotels & Resorts stock in the last two years include Jill C Olander, Thomas A Natelli, and Thomas J Baltimore Jr. View insider buying and selling activity 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 $10.50. How big of a company is Park Hotels & Resorts? Park Hotels & Resorts has a market capitalization of $2.47 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 517 workers across the globe. What is Park Hotels & Resorts' official website? The official website for Park Hotels & Resorts is www.pkhotelsandresorts.com. 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] This page was last updated on 6/1/2020 by MarketBeat.com Staff
