Streetbeat News

Park Hotels & Resorts Inc.

https://www.pkhotelsandresorts.com

Industry

REIT - Hotel & Motel

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.

Open

13.54

Mkt cap

2.8B

Volume

5.4M

High

13.72

P/E Ratio

8.70

52-wk high

18.05

Low

13.46

Div yield

0.10

52-wk low

13.22

Park Hotels & Resorts Inc. announced the tax treatment for its 2024 dividends, totaling $1.40 per share, with specific payment dates and tax classifications.

Portfolio Pulse from

January 16, 2025 | 9:30 pm

Park Hotels & Resorts Inc. offers a 10% dividend yield and trades at a 24% discount to its Q3 book value per share. The company plans to adjust its portfolio by focusing on core assets and buybacks, which may result in a lower dividend in 2024.

Portfolio Pulse from

January 14, 2025 | 10:00 am

Park Hotels & Resorts Inc. will release its Q4 and full year 2024 earnings on February 19, 2025, followed by a conference call on February 20, 2025, to discuss the results and 2025 outlook.

Portfolio Pulse from

December 23, 2024 | 9:30 pm

Park Hotels & Resorts Inc. (PK) has released preliminary operating trends for the fourth quarter of 2024, along with details on capital allocations.

Portfolio Pulse from

December 09, 2024 | 12:00 pm

Park Hotels & Resorts Inc. (NYSE:PK) has provided an update on its fourth quarter operating trends and capital allocation highlights. The update focuses on the company's performance on a comparable hotel basis.

Portfolio Pulse from

December 05, 2024 | 11:45 am

Park Hotels & Resorts Inc. has reinstated its 2024 earnings guidance after finalizing long-term labor agreements at four of its hotels, ending nearly six weeks of strike activity.

Portfolio Pulse from

November 11, 2024 | 11:30 am

Compass Point analyst Floris Van Dijkum maintains a Buy rating on Park Hotels & Resorts (NYSE:PK) but lowers the price target from $25 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:20 pm

Park Hotels & Resorts reported Q3 2024 earnings per share of $0.49, meeting analyst expectations, and sales of $649 million, slightly surpassing estimates. However, sales decreased by 4.42% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:19 pm

Park Hotels & Resorts (NYSE:PK) is set to release its quarterly earnings report on October 29, 2024. Analysts expect an EPS of $0.50. The company's past performance shows mixed results, with a recent earnings beat leading to a share price drop. The consensus rating is Neutral, with a potential 18.07% upside based on a $16.4 price target. The company faces challenges with a -3.92% revenue growth but maintains strong profitability with a 9.33% net margin.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 2:03 pm

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