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

14.75

Mkt cap

Volume

3.5M

High

14.84

P/E Ratio

9.35

52-wk high

18.05

Low

14.38

Div yield

0.17

52-wk low

13.23

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

Park Hotels & Resorts (NYSE:PK) has been evaluated by 5 analysts over the past three months, showing a mix of bullish to bearish sentiments. Analysts have lowered their 12-month price targets, indicating a negative shift in sentiment. The company's financials reveal a decline in revenue growth but strong net margin, ROE, and ROA. Analysts' ratings reflect their response to recent developments, with most lowering their price targets.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 9:01 pm

B of A Securities has maintained a Neutral rating on Park Hotels & Resorts (NYSE:PK) while lowering the price target from $17 to $16.5.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 5:03 pm

Several top Wall Street analysts have downgraded their ratings for major companies, including Nordstrom, Regency Centers, Park Hotels & Resorts, Northern Trust, and Sonos. These downgrades have led to varying impacts on the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 12:58 pm

Wolfe Research has downgraded Park Hotels & Resorts from Outperform to Peer Perform, indicating a less favorable outlook for the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:38 am

Park Hotels & Resorts (NYSE:PK) has received mixed analyst ratings over the past three months, with a recent decrease in average price target by 12.64%. Analysts have lowered their price targets, reflecting a negative sentiment shift. Despite challenges in revenue growth, the company shows strong financial health with high net margin, ROE, and ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 4:01 pm

Wells Fargo analyst Dori Kesten maintains an Equal-Weight rating on Park Hotels & Resorts (NYSE:PK) but lowers the price target from $17 to $14.5.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:19 pm

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