Park Hotels & Resorts
About: Park Hotels & Resorts owns upper-upscale and luxury hotels with 23,068 rooms across 38 hotels in the United States. Park also has interests through joint ventures in another 2,271 rooms in three us hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality us hotels to focus on high-quality assets in domestic gateway markets.
Employees: 90
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 123
2% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 53
2% less funds holding
Funds holding: 353 [Q2] → 347 (-6) [Q3]
2.58% less ownership
Funds ownership: 98.88% [Q2] → 96.29% (-2.58%) [Q3]
9% less capital invested
Capital invested by funds: $3.12B [Q2] → $2.84B (-$281M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
86% less call options, than puts
Call options by funds: $2.12M | Put options by funds: $15.3M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
1%
downside
Avg. target
$17.33
32%
upside
High target
$22
68%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
UBS Robin Farley 70% 1-year accuracy 7 / 10 met price target | 1%downside $13 | Neutral Maintained | 3 Feb 2025 |
Jefferies David Katz 45% 1-year accuracy 10 / 22 met price target | 68%upside $22 | Buy Maintained | 2 Jan 2025 |
Wells Fargo Dori Kesten 43% 1-year accuracy 12 / 28 met price target | 30%upside $17 | Equal-Weight Maintained | 9 Dec 2024 |
Financial journalist opinion
Based on 7 articles about PK published over the past 30 days
Positive
Zacks Investment Research
15 hours ago
Should Value Investors Buy Park Hotels & Resorts (PK) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Negative
Zacks Investment Research
15 hours ago
Park Hotels & Resorts (PK) Loses -6.09% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Park Hotels & Resorts (PK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Positive
Benzinga
1 week ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Seeking Alpha
1 week ago
69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14
The Value Score identifies large-cap stocks offering the best value relative to their assets and profits, focusing on low-priced, high-value investments. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ensuring long-term stability and minimal losses. Analysts forecast significant gains (29.57% to 79.74%) for top-ten GASV stocks by January 2026, highlighting high-yield, low-risk investment opportunities.
Neutral
Business Wire
2 weeks ago
Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends
TYSONS, Va.--(BUSINESS WIRE)---- $PK #dividends--Park Hotels & Resorts Inc. (NYSE:PK) (“Park” or the “Company”) today announced the tax reporting information for its 2024 cash distributions on its Common Stock. The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025. For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordi.
Positive
Seeking Alpha
3 weeks ago
Buy This REIT, But Not For Income: Park Hotels & Resorts
Park Hotels & Resorts Inc. offers a 10% dividend yield and a 24% discount to Q3's book value per share. Management currently guides for portfolio adjustments from non-core assets into core assets and buybacks, suggesting capital flexibility. The full-year dividend in 2024 appears to be lower for that reason.
Negative
Seeking Alpha
4 weeks ago
World Beaters' 2024 Performance Review
One year ago, I selected a portfolio of 10 REITs for their double-digit dividend growth, believing they would outperform on share price and deliver superior total return. In this article, I hold myself accountable. The World Beaters portfolio underperformed in share price, contrary to expectations, achieving a total return of (-3.48)%. The portfolio ended the year out yielding the VNQ by 12 bps, but did not achieve the anticipated share price outperformance, despite sterling operating results.
Neutral
Business Wire
1 month ago
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2024 Earnings Conference Call on February 20, 2025
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2024 after the stock market closes on Wednesday, February 19, 2025. Park will hold a conference call on Thursday, February 20, 2025, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and outlook for 2025. The conference call will be accessible by telephone and through the internet. Interested individuals are.
Neutral
GlobeNewsWire
1 month ago
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Recognizes Year-to-Date Energy Star Certified Properties
TYSONS, Va., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that the Company has issued its annual Corporate Responsibility (“CR”) Report, which details Park's environmental, social and governance performance and initiatives during 2023 as well as the Company's corporate responsibility strategy and approach to risk management. In addition, Park is pleased to recognize six of its hotels and resorts for earning ENERGY STAR certifications for superior energy performance during year-to-date 2024, continuing Park's commitment to enhancing efficiency in the built environment.
Neutral
GlobeNewsWire
1 month ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
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