Park Hotels & Resorts (PK) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.38 to $14.74
• 50-Day Range: $13.67 to $15.70
• 52-Week Range: $12.85 to $18.05
• Volume: 2.80 million shs
• Average Volume: 2.77 million shs
• Market Capitalization: $3.04 billion
• P/E Ratio: 9.37
• Dividend Yield: 6.80%
• Price Target: $18.00
• Consensus Rating: Moderate Buy

Park Hotels & Resorts Stock Analysis - MarketRank™

Park Hotels & Resorts scored higher than 96% of companies evaluated by MarketBeat, and ranked 55th out of 928 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Park Hotels & Resorts has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Park Hotels & Resorts has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 4.78%

Earnings Growth

Earnings for Park Hotels & Resorts are expected to grow by 4.78% in the coming year, from $2.09 to $2.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Park Hotels & Resorts is 9.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Park Hotels & Resorts is 9.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.11.

Price to Earnings Growth Ratio

Park Hotels & Resorts has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Park Hotels & Resorts has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.86% of the float of Park Hotels & Resorts has been sold short.

Short Interest Ratio / Days to Cover

Park Hotels & Resorts has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Park Hotels & Resorts has recently increased by 7.13%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Park Hotels & Resorts is a leading dividend payer. It pays a dividend yield of 7.07%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Park Hotels & Resorts does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Park Hotels & Resorts is 63.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Park Hotels & Resorts will have a dividend payout ratio of 45.66% next year. This indicates that Park Hotels & Resorts will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -2.63

Percentage of Shares Shorted

8.86% of the float of Park Hotels & Resorts has been sold short.

Short Interest Ratio / Days to Cover

Park Hotels & Resorts has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Park Hotels & Resorts has recently increased by 7.13%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.55

News Sentiment

Park Hotels & Resorts has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Park Hotels & Resorts this week, compared to 5 articles on an average week.

Search Interest

6 people have searched for PK on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Park Hotels & Resorts to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Park Hotels & Resorts insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Park Hotels & Resorts is held by insiders.

Percentage Held by Institutions

92.69% of the stock of Park Hotels & Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PK Stock Analysis - Frequently Asked Questions

How have PK shares performed this year?

Park Hotels & Resorts' stock was trading at $15.30 at the start of the year. Since then, PK stock has decreased by 4.3% and is now trading at $14.64.
View the best growth stocks for 2024 here.

How were Park Hotels & Resorts' earnings last quarter?

Park Hotels & Resorts Inc. (NYSE:PK) released its quarterly earnings data on Tuesday, October, 29th. The financial services provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.21. The business's revenue for the quarter was down 4.4% compared to the same quarter last year.

Who are Park Hotels & Resorts' major shareholders?

Park Hotels & Resorts' top institutional shareholders include Donald Smith & CO. Inc. (3.87%), Private Management Group Inc. (1.07%), Los Angeles Capital Management LLC (0.99%) and Sumitomo Mitsui Trust Group Inc. (0.50%). Insiders that own company stock include Thomas D Eckert and Geoffrey Garrett.
View institutional ownership trends.

How do I buy shares of Park Hotels & Resorts?

Shares of PK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Park Hotels & Resorts own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Park Hotels & Resorts investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Delta Air Lines (DAL), Exxon Mobil (XOM), Broadcom (AVGO) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/29/2024
• Today: 11/08/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Hotels & motels
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NYSE:PK
• CUSIP: N/A
• CIK: 1617406
• Web: www.pkhotelsandresorts.com
• Phone: (571) 302-5757
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.00
• High Stock Price Target: $22.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +22.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.57
• Trailing P/E Ratio: 9.34
• Forward P/E Ratio: 7.02
• P/E Growth: 0.73
• Net Income: $97 million
• Net Margins: 12.66%
• Pretax Margin: 13.87%
• Return on Equity: 9.63%
• Return on Assets: 3.91%

Debt

• Debt-to-Equity Ratio: 1.24
• Current Ratio: 1.51
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $2.70 billion
• Price / Sales: 1.12
• Cash Flow: $1.94 per share
• Price / Cash Flow: 7.56
• Book Value: $17.96 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 206,400,000
• Free Float: 203,103,000
• Market Cap: $3.03 billion
• Optionable: Optionable
• Beta: 2.02