Park Hotels & Resorts
About: Park Hotels & Resorts owns upper-upscale and luxury hotels with 22,711 rooms across 37 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: 91
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]
9% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 56
0.64% more ownership
Funds ownership: 96.32% [Q3] → 96.97% (+0.64%) [Q4]
0% more funds holding
Funds holding: 349 [Q3] → 349 (+0) [Q4]
1% less capital invested
Capital invested by funds: $2.84B [Q3] → $2.82B (-$16.5M) [Q4]
2% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 125
77% less call options, than puts
Call options by funds: $2.62M | Put options by funds: $11.2M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
15%
upside
Avg. target
$16.33
44%
upside
High target
$22
94%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wells Fargo Dori Kesten 41% 1-year accuracy 13 / 32 met price target | 23%upside $14 | Equal-Weight Maintained | 18 Feb 2025 |
UBS Robin Farley 75% 1-year accuracy 6 / 8 met price target | 15%upside $13 | Neutral Maintained | 3 Feb 2025 |
Jefferies David Katz 14% 1-year accuracy 3 / 22 met price target | 94%upside $22 | Buy Maintained | 2 Jan 2025 |
Financial journalist opinion
Based on 9 articles about PK published over the past 30 days
Positive
Benzinga
3 days ago
Wall Street's Most Accurate Analysts Spotlight 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
2 weeks ago
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.
Positive
Seeking Alpha
2 weeks ago
REIT Replay: REIT Share Prices Tick Up During Week Ended Feb. 21
Share prices for US equity real estate investment trusts ticked up slightly during the week ended Feb. 21, outperforming the broader stock market. Looking at the Dow Jones US real estate property sector indexes, the retail REIT index logged the largest increase during the recent week, up 0.84%, followed by the apartment REIT index at 0.80%.
Neutral
Seeking Alpha
3 weeks ago
Park Hotels & Resorts Inc. (PK) Q4 2024 Earnings Conference Call Transcript
Park Hotels & Resorts Inc. (NYSE:PK ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Ian Weissman - SVP, Corporate Strategy Tom Baltimore - Chairman & CEO Sean Dell'Orto - CFO Conference Call Participants Floris Van Dijkum - Compass Point Duane Pfennigwerth - Evercore ISI David Katz - Jefferies Smedes Rose - Citibank Chris Woronka - Deutsche Bank Chris Darling - Green Street Patrick Scholes - Truist Securities Jay Kornreich - Wedbush Securities Robin Farley - UBS Dori Kesten - Wells Fargo David Hargreaves - Barclays Aryeh Klein - BMO Capital Markets Operator Greetings and welcome to the Park Hotels and Resorts Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Positive
Zacks Investment Research
3 weeks ago
Compared to Estimates, Park Hotels & Resorts (PK) Q4 Earnings: A Look at Key Metrics
The headline numbers for Park Hotels & Resorts (PK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
3 weeks ago
Park Hotels & Resorts (PK) Q4 FFO Miss Estimates
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.39 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.52 per share a year ago.
Positive
Seeking Alpha
3 weeks ago
10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers
Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: CAG, VZ, DOW, PFE, MRK GOGL, PK, PBR FRO, and TRMD averaged 40.36% net gains from reader data collected 2/17/25. Ten analysts target-augured January TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: CAG, VZ, PBR, DOW, PFE, GOGL, TRMD, PK, MRK, & FRO, boasting a 27.91% average target price upside estimate.
Neutral
Business Wire
3 weeks ago
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2024 Results and Announces Transformative Renovation at the Royal Palm South Beach Miami
TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full-year ended December 31, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data) Three Months Ended December 31, Year Ended December 31, 2024 2023 Change(1) 2024 2023 Change(1) Comparable RevPAR(2.
Positive
Zacks Investment Research
3 weeks ago
Park Hotels & Resorts (PK) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Besides Wall Street's top -and-bottom-line estimates for Park Hotels & Resorts (PK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Positive
Seeking Alpha
1 month ago
Park Hotels & Resorts Serves Up A High Dividend Yield But Share Price Needs To Simmer More
Park Hotels & Resorts gets a neutral hold rating today, in line with the Seeking Alpha quant system. While undervalued, other factors paint a mixed picture to consider. Key strengths are a dividend yield above 10%, a strong profit margin and cash flow, macro-level demand growth for hotel travel, and a portfolio diversified across the US. Some weaknesses are a credit rating below investment-grade by S&P, a high debt/equity vs peers, lack of proven dividend growth, and the potential recessionary nature of the tourism sector overall.
Charts implemented using Lightweight Charts™