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PK

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.

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UBS analyst Robin Farley maintains a Neutral rating on Park Hotels & Resorts (NYSE:PK) but lowers the price target from $18 to $14.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 2:49 pm

Park Hotels & Resorts (NYSE:PK) has been analyzed by 4 analysts over the past three months, revealing a range of perspectives from bullish to bearish. The average 12-month price target is $19.5, with a high of $22.00 and a low of $17.00. Recent analyst actions include both downgrades and upgrades, reflecting mixed sentiments. The company has faced a 3.92% decline in revenue growth over the past three months but maintains strong profitability and effective cost management.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 1:00 pm

Evercore ISI Group analyst Richard Hightower maintains an Outperform rating on Park Hotels & Resorts (NYSE:PK) but lowers the price target from $20 to $19.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:14 pm

Park Hotels & Resorts has revised its FY24 adjusted FFO per share outlook from $2.07 - $2.27 to $2.10 - $2.26, with an estimated $2.19.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:43 pm

Park Hotels & Resorts (NYSE:PK) reported Q2 2024 Adjusted FFO per share of $0.65, beating the estimate of $0.62. However, sales of $686 million missed the $692.985 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:18 pm

Truist Securities maintains a Buy rating on Park Hotels & Resorts (NYSE:PK) but lowers the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:10 pm

Wedbush analyst Richard Anderson has reiterated a Neutral rating on Park Hotels & Resorts (NYSE:PK) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:26 am

Barclays analyst Anthony Powell maintains an Overweight rating on Park Hotels & Resorts (NYSE:PK) and raises the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:18 pm

Over the past three months, 7 analysts have shared their evaluations of Park Hotels & Resorts (NYSE:PK), revealing a range of outlooks from bullish to bearish. The average 12-month price target has increased to $20.29, with a high estimate of $24.00 and a low estimate of $18.00. Recent analyst actions have predominantly been positive, with several raising their price targets.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:00 pm

Evercore ISI Group has upgraded Park Hotels & Resorts (NYSE:PK) from In-Line to Outperform and raised the price target from $19 to $20.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:16 pm

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