NYSE:PKPark Hotels & Resorts Stock Price, Forecast & News

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. Since then, PK stock has decreased by 21.6% and is now trading at $9.39. View which stocks have been most impacted by Coronavirus.

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.

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.

Park Hotels & Resorts Inc (NYSE:PK) posted its quarterly earnings data on Monday, May, 11th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.33. The financial services provider had revenue of $599 million for the quarter, compared to the consensus estimate 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 firm'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 company posted $0.67 EPS. View Park Hotels & Resorts' earnings history.

Park Hotels & Resorts announced 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 19.17%. The ex-dividend date of this dividend is Monday, March 30th. View Park Hotels & Resorts' dividend history.

13 analysts have issued 12-month price objectives for Park Hotels & Resorts' shares. 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 74.9% from the stock's current price. View analysts' price targets for Park Hotels & Resorts.

Media headlines about PK stock have trended negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring 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 five, with scores closest to five being the most favorable. Park Hotels & Resorts earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutPark Hotels & Resorts.

Some companies that are related to Park Hotels & Resorts include MGM Resorts International (MGM), Caesars Entertainment (CZR), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Penn National Gaming (PENN), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Boyd Gaming (BYD), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), Red Rock Resorts (RRR), GreenTree Hospitality Group (GHG) and Studio City International (MSC). View all competitors.

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).

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

Park Hotels & Resorts' stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.

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.

PK stock was bought 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.

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.

One share of PK stock can currently be purchased for approximately $9.39.

Park Hotels & Resorts has a market capitalization of $2.21 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.

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]