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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last twelve months. 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.

9 Wall Street analysts have issued 1 year price targets for Park Hotels & Resorts' stock. 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.

Park Hotels & Resorts' stock was trading at $11.79 at the start of the year. Since then, PK shares have increased by 20.4% and is now trading at $14.19.
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Park Hotels & Resorts saw a decline in short interest during the month of 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 daily trading volume, of 3,400,000 shares, the short-interest ratio is currently 4.4 days. Currently, 6.9% of the company's shares are short sold.
View Park Hotels & Resorts' Short Interest.

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

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.

Park Hotels & Resorts Inc. (NYSE:PK) released its quarterly earnings results on Wednesday, November, 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Park Hotels & Resorts announced a quarterly dividend on Wednesday, December 7th. Investors of record on Friday, December 30th will be paid a dividend of $0.25 per share on Tuesday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Thursday, December 29th. This is a boost from the stock's previous quarterly dividend of $0.01.
Read our dividend analysis for PK.

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.

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.

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 retail and institutional investors. Top institutional shareholders 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.
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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 $14.19.

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.

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.