Park Hotels & Resorts Inc (PK)

NYSE
Currency in USD
13.73
-0.03(-0.22%)
Closed
Pre Market
13.86+0.13(+0.95%)
PK Scorecard
Full Analysis
Management has been aggressively buying back shares
High dividend Yield
Fair Value
Day's Range
13.6013.78
52 wk Range
13.2218.05
Key Statistics
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Prev. Close
13.73
Open
13.7
Day's Range
13.6-13.78
52 wk Range
13.22-18.05
Volume
3.77M
Average Vol. (3m)
3.31M
1-Year Change
-11.76%
Book Value / Share
17.96
Fair Value
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Fair Value Upside
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PK Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
17.57
Upside
+27.94%
Members' Sentiments
Bearish
Bullish
ProTips
High shareholder yield
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Park Hotels & Resorts Inc Company Profile

Park is one of the largest publicly-traded lodging real estate investment trusts (“REIT”) with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 41 premium-branded hotels and resorts with over 25,000 rooms primarily located in prime city center and resort locations.

Park Hotels & Resorts Inc SWOT Analysis


Analyst Outlook
Discover varied analyst perspectives, with price targets ranging from $17 to $22, reflecting mixed views on PK's profitability and growth potential.
Market Challenges
Uncover the impact of Hawaii's slower recovery on PK's performance, with analysts revising RevPAR growth forecasts for 2024-2026 amid international travel concerns.
ROI-Driven Growth
Delve into PK's $1 billion+ development pipeline, targeting 15-25% IRR, with successful projects like the $220 million Bonnet Creek renovation boosting EBITDA.
Strategic Shifts
Explore Park Hotels & Resorts' portfolio management, including reduced exposure in San Francisco and increased focus on Hawaii, shaping its market positioning.
Read full SWOT analysis

Park Hotels & Resorts Inc Earnings Call Summary for Q3/2024

  • Q3 RevPAR up 3.3% to $190; urban markets up 14%, resorts up 11%; strong group and transient demand despite challenges
  • Non-core asset sales, including Hilton La Jolla Torrey Pines, strengthen balance sheet; $200M+ invested in renovations through 2025
  • Hawaii RevPAR down 8% due to disruptions; management optimistic for future, plans expansions at key properties
  • $0.25/share Q3 dividend maintained; strong 2024-2025 group bookings; 10% group pace growth expected for 2026
  • Labor strikes and weather events impacted Q3 EBITDA by $2-3M; October RevPAR expected flat due to ongoing challenges
Last Updated: 10/31/2024, 09:06 AM
Read Full Transcript

Compare PK to Peers and Sector

Metrics to compare
PK
Peers
Sector
Relationship
P/E Ratio
8.6x−2.7x7.6x
PEG Ratio
0.01−0.220.01
Price / Book
0.8x0.6x0.9x
Price / LTM Sales
1.1x0.2x3.8x
Upside (Analyst Target)
24.4%15.4%20.3%
Fair Value Upside
Unlock30.2%2.5%Unlock

Analyst Ratings

7 Buy
10 Hold
0 Sell
Ratings:
17 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 17.57
(+27.94% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 1.59
Dividend Yield
10.20%
Industry Median 5.06%
Annualized Payout
1.4000
Paid unevenly
5-Years Growth
-3.90%
Growth Streak

Earnings

Latest Release
Oct 29, 2024
EPS / Forecast
0.26 / 0.14
Revenue / Forecast
649.00M / 648.04M
EPS Revisions
Last 90 days

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FAQ

What Is the Park Hotels & Resorts (PK) Stock Price Today?

The Park Hotels & Resorts stock price today is 13.73

What Stock Exchange Does Park Hotels & Resorts Trade On?

Park Hotels & Resorts is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Park Hotels & Resorts?

The stock symbol for Park Hotels & Resorts is "PK."

Does Park Hotels & Resorts Pay Dividends? What’s The Current Dividend Yield?

The Park Hotels & Resorts dividend yield is 10.20%.

What Is the Park Hotels & Resorts Market Cap?

As of today, Park Hotels & Resorts market cap is 2.83B.

What is Park Hotels & Resorts Earnings Per Share?

The Park Hotels & Resorts EPS is 1.59.

What Is the Next Park Hotels & Resorts Earnings Date?

Park Hotels & Resorts will release its next earnings report on Feb 19, 2025.

From a Technical Analysis Perspective, Is PK a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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