Park Hotels & Resorts Inc. (PK)
Market Cap | 3.46B |
Revenue (ttm) | 2.69B |
Net Income (ttm) | 92.00M |
Shares Out | 210.60M |
EPS (ttm) | 0.42 |
PE Ratio | 39.05 |
Forward PE | 25.68 |
Dividend | $1.00 (6.10%) |
Ex-Dividend Date | Jun 28, 2024 |
Volume | 934,583 |
Open | 16.17 |
Previous Close | 16.13 |
Day's Range | 16.15 - 16.44 |
52-Week Range | 11.05 - 18.05 |
Beta | 2.02 |
Analysts | Buy |
Price Target | 18.00 (+9.76%) |
Earnings Date | Apr 30, 2024 |
About PK
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations. [Read more]
Financial Performance
In 2023, PK's revenue was $2.70 billion, an increase of 7.88% compared to the previous year's $2.50 billion. Earnings were $97.00 million, a decrease of -40.12%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for PK stock is "Buy." The 12-month stock price forecast is $18.0, which is an increase of 9.76% from the latest price.
News
Park Hotels & Resorts Announces Final Results of Tender Offer
TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) announced today the expiration of and the final results for the previously announced offer to purchase for ...
Park Hotels & Resorts Inc Announces Closing of $550 Million of 7.000% Senior Notes Due 2030
TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Ope...
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering
TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Ope...
Park Hotels & Resorts Inc. Announces Tender Offer for Any and All of Its 7.500% Senior Notes Due 2025
TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) announced today that its subsidiaries, Park Intermediate Holdings LLC, a Delaware limited liability (the “C...
Park Hotels & Resorts Inc. Announces Senior Notes Offering
TYSONS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Ope...
Park Hotels & Resorts Inc. Reports First Quarter 2024 Results
TYSONS, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2024 and provided an opera...
Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.25 Per Share
TYSONS, Va., April 19, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.25 pe...
Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award
TYSONS, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award...
Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock mark...
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results (CORRECTED) and Announces First Quarter Dividend of $0.25 Per Share
TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “...
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results and Announces First Quarter Dividend of $0.25 Per Share
TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2023 and ...
Park Hotels & Resorts Provides Preliminary Q4 2023 and Full-Year 2023 Results
TYSONS, Va., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided preliminary fourth quarter and full-year 2023 results.
Park Hotels & Resorts Announces Tax Treatment of 2023 Dividends
TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2023 cash distributions on its Commo...
Park Hotels & Resorts Announces Appointment of Terri McClements to Board of Directors
TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced the appointment of Terri D. McClements as a new independent director to its Board of Direc...
Park Hotels & Resorts Announces Fourth Quarter and Full Year 2023 Earnings Conference Call on February 28, 2024
TYSONS, Va., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2023 after ...
Park Hotels & Resorts Update on Recent Operating Trends and Capital Allocation Highlights
TYSONS, Va., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today provided an update on fourth quarter operating trends.
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
TYSONS, Va., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that the Company has issued its annual Corporate Responsibility (“CR”) Re...
Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.93 Per Share
TYSONS, Va., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a fourth quarter dividend of $0.93 per shar...
Park Hotels & Resorts Inc. Awarded Nareit's 2023 Leader in the Light Award for its Sustainability Practices
TYSONS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that it has been named the 2023 Leader in the Light recipient in recognit...
Park Hotels & Resorts Inc. Reports Third Quarter 2023 Results and Announces Special Dividend of $0.77 Per Share
TYSONS, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2023, a special dividen...
Park Hotels & Resorts Inc. Announces Lawsuit Related to $725 Million Non-Recourse CMBS Loan Secured By Two of its San Francisco Hotels
TYSONS, Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the trustee under the $725 million non-recourse CMBS loan (“Loan”), ...
Park Hotels & Resorts Inc. Announces Third Quarter 2023 Earnings Conference Call On November 2, 2023
TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock mark...
Park Hotels & Resorts Inc. Announces Third Quarter Dividend of $0.15 Per Share
TYSONS, Va., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a third quarter cash dividend of $0.15 per...
Now's the time to own dividend-paying stocks. These 5 offer up to a 9% yield.
The “easy” gains of the early part of a bull market have been made, and stocks are more likely to move sideways. That means now is a good time to remember a frequently overlooked reality of investing:...