Streetbeat News

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.

Open

14.64

Mkt cap

3B

Volume

2.8M

High

14.73

P/E Ratio

9.49

52-wk high

18.05

Low

14.38

Div yield

0.17

52-wk low

12.85

Truist Securities has maintained a Buy rating on Park Hotels & Resorts but lowered the price target from $20 to $18.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:41 pm

Park Hotels & Resorts announced that its two Hawaii hotels, Hilton Hawaiian Village and Hilton Waikoloa Village, sustained no material damage from Hurricane Hone. Both hotels maintained power and services, continuing to operate normally.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 8:57 pm

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

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