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

$14.92
-0.20 (-1.32%)
(As of 08/9/2022 10:22 AM ET)
Add
Compare
Today's Range
$14.92
$15.15
50-Day Range
$13.09
$19.45
52-Week Range
$12.90
$21.62
Volume
13,434 shs
Average Volume
2.95 million shs
Market Capitalization
$3.48 billion
P/E Ratio
N/A
Dividend Yield
0.27%
Price Target
$20.83

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
37.8% Upside
$20.83 Price Target
Short Interest
Bearish
5.99% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.94
Upright™ Environmental Score
News Sentiment
-0.04mentions of Park Hotels & Resorts in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$151,200 Bought Last Quarter
Proj. Earnings Growth
42.07%
From $1.45 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Finance Sector

455th out of 885 stocks

Hotels & Motels Industry

17th out of 26 stocks

PK stock logo

About Park Hotels & Resorts (NYSE:PK) Stock

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 currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.

Park Hotels & Resorts Stock Up 0.5 %

Shares of NYSE:PK traded up $0.07 during trading hours on Monday, reaching $15.12. The stock had a trading volume of 2,563,497 shares, compared to its average volume of 3,511,564. Park Hotels & Resorts has a 1 year low of $12.90 and a 1 year high of $21.62. The firm's 50 day moving average is $15.23 and its 200-day moving average is $17.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.26 and a current ratio of 3.26. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -68.41 and a beta of 1.94.

Park Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, June 29th. Park Hotels & Resorts's dividend payout ratio is currently -18.18%.

Analyst Ratings Changes

PK has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Park Hotels & Resorts from $26.00 to $28.00 in a report on Tuesday, May 3rd. Sumitomo Mitsui Financial Group lowered shares of Park Hotels & Resorts from an "outperform" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Monday. StockNews.com upgraded Park Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday. Truist Financial upgraded Park Hotels & Resorts from a "hold" rating to a "buy" rating and upped their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, June 1st. Finally, Barclays dropped their target price on shares of Park Hotels & Resorts from $22.00 to $18.00 and set an "equal weight" rating for the company in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.83.

Insider Buying and Selling

In other news, Director Thomas D. Eckert bought 10,000 shares of Park Hotels & Resorts stock in a transaction dated Tuesday, June 14th. The stock was bought at an average price of $15.12 per share, for a total transaction of $151,200.00. Following the purchase, the director now owns 96,637 shares of the company's stock, valued at $1,461,151.44. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.09% of the stock is owned by company insiders.

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PK Stock News Headlines

Park Hotels & Resorts (NYSE:PK) Raised to Hold at StockNews.com
3 Best Performing REITs On Friday
Park Hotels & Resorts Inc - Stock Chart
Park Hotels & Resorts declares $0.01 dividend
See More Headlines
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PK Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/09/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
80
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.83
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+39.6%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$-459,000,000.00
Pretax Margin
-2.29%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Book Value
$18.62 per share

Miscellaneous

Free Float
230,826,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
1.94

Key Executives

  • Mr. Thomas Jeremiah Baltimore Jr. (Age 59)
    Chairman, Pres & CEO
    Comp: $3.11M
  • Mr. Sean M. Dell'Orto (Age 47)
    Exec. VP, CFO & Treasurer
    Comp: $1.18M
  • Mr. Thomas C. Morey (Age 50)
    Exec. VP & Chief Investment Officer
    Comp: $1.18M
  • Ms. Nancy M. Vu (Age 45)
    Sr. VP, Gen. Counsel, Chief Legal Officer & Sec.
    Comp: $729.49k
  • Mr. Carl A. Mayfield (Age 58)
    Exec. VP of Design & Construction
    Comp: $1.08M
  • Mr. Darren W. Robb (Age 45)
    Sr. VP & Chief Accounting Officer
  • Mr. Ian C. Weissman
    Sr. VP of Corp. Strategy
  • Ms. Jill C. Olander (Age 48)
    Exec. VP of HR
  • Mr. Scott D. Winer
    Sr. VP of Tax
  • Ms. Diem T. Larsen
    Sr. VP of Financial Planning & Analysis













PK Stock - Frequently Asked Questions

Should I buy or sell Park Hotels & Resorts stock right now?

11 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 2 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.

What is Park Hotels & Resorts' stock price forecast for 2022?

11 Wall Street research analysts have issued 1 year price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $16.00 to $28.00. On average, they predict the company's share price to reach $20.83 in the next year. This suggests a possible upside of 37.8% from the stock's current price.
View analysts price targets for PK
or view top-rated stocks among Wall Street analysts.

How has Park Hotels & Resorts' stock price performed in 2022?

Park Hotels & Resorts' stock was trading at $18.88 at the start of the year. Since then, PK stock has decreased by 19.9% and is now trading at $15.12.
View the best growth stocks for 2022 here
.

When is Park Hotels & Resorts' next earnings date?

Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PK earnings forecast
.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) issued its earnings results on Wednesday, November, 3rd. The financial services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.01 by $0.37. The financial services provider earned $423 million during the quarter, compared to analyst estimates of $416.88 million. Park Hotels & Resorts had a negative trailing twelve-month return on equity of 1.38% and a negative net margin of 2.93%. During the same period in the prior year, the company posted ($0.63) earnings per share.

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 Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.01 per share on Friday, July 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for PK
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.27%.
Read our dividend analysis for PK.

What guidance has Park Hotels & Resorts issued on next quarter's earnings?

Park Hotels & Resorts updated its third quarter earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $0.34-0.43 for the period, compared to the consensus estimate of $0.49.

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 (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).

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 many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.08%), Strs Ohio (0.41%), Matthew 25 Management Corp (0.37%), Securian Asset Management Inc. (0.20%), RPG Investment Advisory LLC (0.19%) and Asset Management One Co. Ltd. (0.18%). 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.
View institutional ownership trends
.

How do I buy shares of Park Hotels & Resorts?

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.
Compare Top Brokerages Here.

What is Park Hotels & Resorts' stock price today?

One share of PK stock can currently be purchased for approximately $15.12.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.53 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 ($0.22) on an earnings per share basis.

How many employees does Park Hotels & Resorts have?

Park Hotels & Resorts employs 80 workers across the globe.

How can I contact Park Hotels & Resorts?

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.

This page (NYSE:PK) was last updated on 8/9/2022 by MarketBeat.com Staff

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