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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last twelve months. There are currently 7 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.

10 brokerages have issued 12 month price objectives for Park Hotels & Resorts' shares. Their PK share price forecasts range from $15.00 to $25.00. On average, they expect the company's stock price to reach $18.21 in the next twelve months. This suggests a possible upside of 63.9% 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 beginning of 2023. Since then, PK stock has decreased by 5.8% and is now trading at $11.11.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our PK earnings forecast.

Park Hotels & Resorts Inc. (NYSE:PK) posted its quarterly earnings data on Wednesday, February, 22nd. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.39 by $0.24. The financial services provider had revenue of $665 million for the quarter, compared to analysts' expectations of $652.61 million. Park Hotels & Resorts had a trailing twelve-month return on equity of 3.77% and a net margin of 6.48%.

Park Hotels & Resorts declared a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be given a dividend of $0.15 per share on Monday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for PK.

ETFs with the largest weight of Park Hotels & Resorts (NYSE:PK) stock in their portfolio include Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P MidCap 400 Pure Value ETF (RFV), ALPS Active REIT ETF (REIT), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Sound Enhanced Fixed Income ETF (SDEF).

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $1.00 per share and currently has a dividend yield of 8.31%. PK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 138.89%. 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 55.87% 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 updated its FY23 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $1.60-1.99 for the period, compared to the consensus earnings per share estimate of $1.78.

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 a variety of institutional and retail investors. Top institutional shareholders include PGGM Investments (3.23%), Vulcan Value Partners LLC (1.71%), Cbre Investment Management Listed Real Assets LLC (1.68%), Geode Capital Management LLC (1.58%), Donald Smith & CO. Inc. (1.49%) and Lasalle Investment Management Securities LLC (1.43%). Insiders that own company stock include Geoffrey Garrett, Stephen I Sadove, Thomas A Natelli and Thomas D Eckert.
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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 $11.11.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $2.47 billion and generates $2.50 billion in revenue each year. The financial services provider earns $162 million in net income (profit) each year or $0.72 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.