Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park's portfolio consists of 55 premium-branded hotels and resorts with over 32,000 rooms located in prime United States and international markets with high barriers to entry.
Industry, Sector and Symbol
Industry Hotels & motels
Sub-IndustryN/A
SectorFinance
SymbolNYSE:PK
CUSIPN/A
Phone571-302-5757
Debt
Debt-to-Equity Ratio0.52
Current Ratio1.35
Quick Ratio1.35
Price-To-Earnings
Trailing P/E Ratio11.10
Forward P/E Ratio11.03
P/E Growth2.2
Sales & Book Value
Annual Sales$2.79 billion
Price / Sales2.22
Cash Flow$2.7222 per share
Price / Cash11.34
Book Value$27.75 per share
Price / Book1.11
Profitability
EPS (Most Recent Fiscal Year)$2.78
Net Income$2.63 billion
Net Margins15.31%
Return on Equity6.57%
Return on Assets4.02%
Miscellaneous
Employees520
Outstanding Shares201,130,000
Park Hotels & Resorts (NYSE:PK) Frequently Asked Questions
What is Park Hotels & Resorts' stock symbol?
Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."
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 Friday, May 4th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.43 per share on Monday, July 16th. This represents a $1.72 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Thursday, June 28th. View Park Hotels & Resorts' Dividend History.
How were Park Hotels & Resorts' earnings last quarter?
Park Hotels & Resorts Inc (NYSE:PK) issued its earnings results on Thursday, May, 3rd. The financial services provider reported $0.71 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.08. The financial services provider had revenue of $668 million for the quarter, compared to analysts' expectations of $646.90 million. Park Hotels & Resorts had a net margin of 15.31% and a return on equity of 6.57%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. View Park Hotels & Resorts' Earnings History.
When is Park Hotels & Resorts' next earnings date?
What guidance has Park Hotels & Resorts issued on next quarter's earnings?
Park Hotels & Resorts issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $2.76-$2.92 for the period, compared to the Thomson Reuters consensus estimate of $2.83.
What price target have analysts set for PK?
13 brokerages have issued 12-month price objectives for Park Hotels & Resorts' shares. Their predictions range from $27.50 to $70.00. On average, they expect Park Hotels & Resorts' share price to reach $34.55 in the next twelve months. View Analyst Ratings for Park Hotels & Resorts.
What are Wall Street analysts saying about Park Hotels & Resorts stock?
Here are some recent quotes from research analysts about Park Hotels & Resorts stock:
- 1. According to Zacks Investment Research, "Park Hotels & Resorts Inc. is a lodging Real Estate Company. The company operates luxury hotels and resorts in USA and international market. Park Hotels & Resorts Inc. is based in Mc Lean, Virginia. " (5/12/2018)
- 2. Boenning Scattergood analysts commented, "We reiterate our Outperform rating on PK as the stock trades at a discount to estimated NAV and has solid momentum going into 2018. Key Points: In-Line FFO Results – PK reported third quarter adjusted FFO of $0.66 per share, in-line with the B&S estimate and a penny above consensus. Adjusted FFO was $141 million, a 6.8% increase compared to same quarter last year." (11/6/2017)
Who are some of Park Hotels & Resorts' key competitors?
Some companies that are related to Park Hotels & Resorts include Wynn Resorts (WYNN), MGM Resorts International (MGM), Melco Resorts & Entertainment (MLCO), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Wyndham Worldwide (WYN), Hyatt Hotels (H), Caesars Entertainment Co. Common Stock (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD), Extended Stay America (STAY), Red Rock Resorts (RRR), Sunstone Hotel Investors (SHO) and Eldorado Resorts (ERI).
Who are Park Hotels & Resorts' key executives?
Park Hotels & Resorts' management team includes the folowing people:
- Mr. Thomas Jeremiah Baltimore Jr., Chairman, Pres & CEO (Age 55)
- Mr. Sean M. Dell'Orto, Exec. VP, CFO & Treasurer (Age 43)
- Mr. Matthew A. Sparks, Exec. VP & Chief Investment Officer (Age 57)
- Mr. Thomas C. Morey, Exec. VP, Gen. Counsel & Sec. (Age 46)
- Mr. Darren W. Robb, Sr. VP & Chief Accounting Officer (Age 41)
Has Park Hotels & Resorts been receiving favorable news coverage?
News headlines about PK stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Park Hotels & Resorts earned a news sentiment score of 0.24 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 46.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Park Hotels & Resorts' major shareholders?
Park Hotels & Resorts' stock is owned by a variety of of retail and institutional investors. Top institutional investors include SOUTHEASTERN ASSET MANAGEMENT INC (10.60%), BlackRock Inc. (6.90%), JPMorgan Chase & Co. (4.09%), Brookfield Asset Management Inc. (3.42%), Centersquare Investment Management LLC (1.97%) and Zimmer Partners LP (2.00%). Company insiders that own Park Hotels & Resorts stock include Hlt Holdco Iii Prime Llc, Matthew Abram Sparks and Stephen I Sadove. View Institutional Ownership Trends for Park Hotels & Resorts.
Which institutional investors are selling Park Hotels & Resorts stock?
PK stock was sold by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Schroder Investment Management Group, Alpine Woods Capital Investors LLC, Blackstone Group L.P., Aperio Group LLC, Sei Investments Co., Russell Investments Group Ltd. and Prudential Financial Inc.. View Insider Buying and Selling for Park Hotels & Resorts.
Which institutional investors are buying Park Hotels & Resorts stock?
PK stock was acquired by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Daiwa Securities Group Inc., Brookfield Asset Management Inc., BlackRock Inc., OppenheimerFunds Inc., Wells Fargo & Company MN, American Century Companies Inc. and Nuveen Asset Management LLC. View Insider Buying and Selling for Park Hotels & Resorts.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Park Hotels & Resorts' stock price today?
One share of PK stock can currently be purchased for approximately $30.87.
How big of a company is Park Hotels & Resorts?
Park Hotels & Resorts has a market capitalization of $6.19 billion and generates $2.79 billion in revenue each year. The financial services provider earns $2.63 billion in net income (profit) each year or $2.78 on an earnings per share basis. Park Hotels & Resorts employs 520 workers across the globe.
How can I contact Park Hotels & Resorts?
Park Hotels & Resorts' mailing address is 1775 TYSONS BLVD. 7TH FLOOR, TYSONS VA, 22102. The financial services provider can be reached via phone at 571-302-5757 or via email at [email protected]
MarketBeat Community Rating for Park Hotels & Resorts (PK)
MarketBeat's community ratings are surveys of what our community members think about Park Hotels & Resorts and other stocks. Vote "Outperform" if you believe PK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PK will underperform the S&P 500 over the long term. You may vote once every thirty days.
