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NYSE:PK

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

$14.43
+0.24 (+1.69%)
(As of 01/27/2023 04:30 PM ET)
Add
Compare
Today's Range
$14.15
$14.52
50-Day Range
$11.09
$14.19
52-Week Range
$10.92
$20.58
Volume
4.35 million shs
Average Volume
3.28 million shs
Market Capitalization
$3.24 billion
P/E Ratio
49.76
Dividend Yield
7.05%
Price Target
$18.41

Park Hotels & Resorts MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
27.1% Upside
$18.41 Price Target
Short Interest
Bearish
7.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.68
Upright™ Environmental Score
News Sentiment
0.23mentions of Park Hotels & Resorts in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$35,580 Sold Last Quarter
Proj. Earnings Growth
19.72%
From $1.42 to $1.70 Per Share

Overall MarketRank

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

2.78 out of 5 stars

Finance Sector

141st out of 900 stocks

Hotels & Motels Industry

2nd out of 26 stocks


PK stock logo

About Park Hotels & Resorts (NYSE:PK) Stock

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

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PK Stock News Headlines

PK Park Hotels & Resorts Inc.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
See More Headlines
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PK Company Calendar

Last Earnings
11/02/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
1/27/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

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
$18.41
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+27.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$-459,000,000.00
Pretax Margin
3.28%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Book Value
$18.62 per share

Miscellaneous

Free Float
222,392,000
Market Cap
$3.24 billion
Optionable
Optionable
Beta
1.89

Key Executives

  • Tom J. Baltimore
    Chairman, President & Chief Executive Officer
  • Sean Michael Dell’Orto
    Chief Financial Officer, Treasurer & Executive VP
  • Thomas C. Morey
    Chief Investment Officer & Executive VP
  • Darren W. Robb
    Chief Accounting Officer & Senior Vice President
  • Nancy M. Vu
    Secretary, Chief Legal Officer & Senior VP













PK Stock - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2023?

9 brokers have issued 12-month price objectives for Park Hotels & Resorts' shares. Their PK share price forecasts range from $14.00 to $25.00. On average, they expect the company's stock price to reach $18.41 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
View analysts price targets for PK
or view top-rated stocks among Wall Street analysts.

How have PK shares performed in 2023?

Park Hotels & Resorts' stock was trading at $11.79 at the beginning of the year. Since then, PK shares have increased by 20.4% and is now trading at $14.19.
View the best growth stocks for 2023 here
.

Are investors shorting Park Hotels & Resorts?

Park Hotels & Resorts saw a decline in short interest in December. As of December 15th, there was short interest totaling 15,030,000 shares, a decline of 21.4% from the November 30th total of 19,120,000 shares. Based on an average trading volume of 3,400,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 6.9% of the shares of the stock are sold short.
View Park Hotels & Resorts' Short Interest
.

When is Park Hotels & Resorts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our PK earnings forecast
.

How can I listen to Park Hotels & Resorts' earnings call?

Park Hotels & Resorts will be holding an earnings conference call on Thursday, February 23rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) issued its quarterly earnings results on Wednesday, November, 2nd. The financial services provider reported $0.15 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 net margin of 2.67% and a trailing twelve-month return on equity of 1.41%.

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, December 7th. Shareholders of record on Friday, December 30th will be given a dividend of $0.25 per share on Tuesday, January 17th. This represents a $1.00 annualized dividend and a yield of 7.05%. The ex-dividend date is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for PK
.

Is Park Hotels & Resorts a good dividend stock?

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 7.30%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 344.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PK will have a dividend payout ratio of 58.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PK.

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

Park Hotels & Resorts issued an update on its fourth quarter 2022 earnings guidance on Tuesday, December, 27th. The company provided earnings per share guidance of $0.38-$0.45 for the period. The company issued revenue guidance of $651.00 million-$686.00 million, compared to the consensus revenue estimate of $651.12 million.

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 institutional and retail investors. Top institutional investors include Strs Ohio (0.57%), Campbell Capital Management Inc. (0.07%), State of Alaska Department of Revenue (0.06%), Comerica Bank (0.03%), Allspring Global Investments Holdings LLC (0.03%) and National Bank of Canada FI (0.03%). 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 $14.19.

How much money does Park Hotels & Resorts make?

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.19 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.

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 1/27/2023 by MarketBeat.com Staff