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

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PK shares have decreased by 21.6% and is now trading at $9.39. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 3 sell ratings, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Park Hotels & Resorts.

Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Park Hotels & Resorts.

Park Hotels & Resorts Inc (NYSE:PK) issued its quarterly earnings data on Monday, May, 11th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.33. The financial services provider had revenue of $599 million for the quarter, compared to analysts' expectations of $572.02 million. Park Hotels & Resorts had a negative net margin of 17.17% and a negative return on equity of 7.95%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. View Park Hotels & Resorts' earnings history.

Park Hotels & Resorts declared a quarterly dividend on Wednesday, February 26th. Stockholders 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 annualized dividend and a yield of 19.17%. The ex-dividend date of this dividend is Monday, March 30th. View Park Hotels & Resorts' dividend history.

Park Hotels & Resorts issued an update on its FY20 earnings guidance on Wednesday, February, 26th. The company provided earnings per share guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus estimate of $2.73.

13 brokerages have issued 1 year price targets for Park Hotels & Resorts' stock. Their forecasts range from $6.00 to $34.00. On average, they expect Park Hotels & Resorts' stock price to reach $16.42 in the next year. This suggests a possible upside of 74.9% from the stock's current price. View analysts' price targets for Park Hotels & Resorts.

News articles about PK stock have trended somewhat positive this week, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutPark Hotels & Resorts.

Some companies that are related to Park Hotels & Resorts include Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), MGM Resorts International (MGM), Caesars Entertainment (CZR), Melco Resorts & Entertainment (MLCO), Hyatt Hotels (H), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Penn National Gaming (PENN), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Boyd Gaming (BYD), Extended Stay America (STAY), Sunstone Hotel Investors (SHO) and Red Rock Resorts (RRR). View all competitors.

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), New Residential Investment (NRZ), Ford Motor (F), ANNALY CAP MGMT/SH (NLY), Iron Mountain (IRM), Pfizer (PFE), Exxon Mobil (XOM), AbbVie (ABBV) and AGNC Investment (AGNC).

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 investors include BlackRock Inc. (12.85%), Cohen & Steers Inc. (7.68%), State Street Corp (4.81%), Southeastern Asset Management Inc. TN (4.84%), Principal Financial Group Inc. (3.24%) and JPMorgan Chase & Co. (2.20%). Company insiders that own Park Hotels & Resorts stock include Jill C Olander, Thomas A Natelli 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 Cohen & Steers Inc., Invesco Ltd., BlackRock Inc., Centersquare Investment Management LLC, Raymond James & Associates, Nuveen Asset Management LLC, Russell Investments Group Ltd., and Schroder Investment Management Group. View insider buying and selling activity for Park Hotels & Resorts.

PK stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Principal Financial Group Inc., Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Citigroup Inc., and Donald Smith & CO. Inc.. Company insiders that have bought Park Hotels & Resorts stock in the last two years include Jill C Olander, Thomas A Natelli, 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 $9.39.

Park Hotels & Resorts has a market capitalization of $2.21 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]