NYSE:PKPark Hotels & Resorts Stock Price, Forecast & News

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PK stock has decreased by 17.8% and is now trading at $9.85.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 4 sell ratings, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Park Hotels & Resorts Inc (NYSE:PK) issued its quarterly earnings data on Wednesday, August, 5th. The financial services provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.69) by $0.41. Park Hotels & Resorts had a negative return on equity of 13.76% and a negative net margin of 38.58%.
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Park Hotels & Resorts announced a quarterly dividend on Wednesday, February 26th. Investors of record on Tuesday, March 31st will be given a dividend of $0.45 per share on Wednesday, April 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 18.27%. The ex-dividend date of this dividend is Monday, March 30th.
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13 brokers have issued twelve-month price targets for Park Hotels & Resorts' shares. Their forecasts range from $6.50 to $31.00. On average, they anticipate Park Hotels & Resorts' share price to reach $14.17 in the next year. This suggests a possible upside of 43.8% from the stock's current price.
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News articles about PK stock have been trending positive recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
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Some companies that are related to Park Hotels & Resorts include Melco Resorts & Entertainment (MLCO), Penn National Gaming (PENN), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Caesars Entertainment (CZR), Eldorado Resorts (ERI), Boyd Gaming (BYD), Wyndham Destinations (WYND), Extended Stay America (STAY), Sunstone Hotel Investors (SHO), Red Rock Resorts (RRR), Studio City International (MSC), GreenTree Hospitality Group (GHG) and Xenia Hotels & Resorts (XHR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Park Hotels & Resorts investors own include AT&T (T), Energy Transfer LP Unit (ET), Ford Motor (F), Exxon Mobil (XOM), Boeing (BA), Carnival (CCL), Delta Air Lines (DAL), American Airlines Group (AAL), ANNALY CAP MGMT/SH (NLY) and New Residential Investment (NRZ).

Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Park Hotels & Resorts' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (4.35%), Sumitomo Mitsui Trust Holdings Inc. (0.84%), TB Alternative Assets Ltd. (0.63%), LSV Asset Management (0.31%), Swiss National Bank (0.23%) and UBS Group AG (0.21%). Company insiders that own Park Hotels & Resorts stock include Jill C Olander, Thomas A Natelli, Thomas D Eckert and Thomas J Baltimore Jr.
View institutional ownership trends for Park Hotels & Resorts.

PK stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., First Trust Advisors LP, New York State Common Retirement Fund, Envestnet Asset Management Inc., Mutual of America Capital Management LLC, UBS Group AG, LSV Asset Management, and Alps Advisors Inc..
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PK stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., TB Alternative Assets Ltd., Campbell Capital Management Inc., Sumitomo Mitsui Trust Holdings Inc., Teachers Insurance & Annuity Association of America, Raymond James & Associates, New York State Teachers Retirement System, and Swiss National Bank. Company insiders that have bought Park Hotels & Resorts stock in the last two years include Jill C Olander, Thomas A Natelli, Thomas D Eckert, and Thomas J Baltimore Jr.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PK stock can currently be purchased for approximately $9.85.

Park Hotels & Resorts has a market capitalization of $2.32 billion and generates $2.84 billion in revenue each year. The financial services provider earns $306 million in net income (profit) each year or $2.88 on an earnings per share basis. Park Hotels & Resorts employs 517 workers across the globe.

The official website for Park Hotels & Resorts is www.pkhotelsandresorts.com.

Park Hotels & Resorts' mailing address is 1775 TYSONS BOULEVARD 7TH FLOOR, TYSONS VA, 22102. The financial services provider can be reached via phone at 571-302-5757 or via email at [email protected]