MARKET COMPOSITE
PK - Park Hotels & Resorts Inc2:08:59 PM 3/28/2024
Price
$17.67
+ 0.02 (0.11%)
Park Hotels & Resorts is a real estate investment trust focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide. Hilton Worldwide CEO Christopher Nassetta stated in June 2015 that the company was evaluating a corporate spin-off of a REIT to hold its $13-billion real estate portfolio. The plan was part of Nassetta's strategy of moving Hilton to an "asset-light" business model, to enable rapid international growth. It was also meant to take advantage of the lack of corporate income taxes on REITs. Hilton announced definitive plans in February 2016 to spin off a REIT and its timeshare business as separate companies. The spin-offs were completed on January 4, 2017. Park Hotels became the second-largest publicly traded hotel REIT, with holdings of 67 hotels.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue657MM-3%
Operating Income276MM-
Operating Expenses381MM-
Net Income187MM-
G&A15MM-17%
Amortization94MM+45%
Interest Expense21MM-68%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    TYSONS, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award for Energy Management from the U.S. Environmental Protection Agency (“EPA”). This is the second consecutive year that Park has received this honor and the Company is once again the only hotel company to have earned this recognition for its energy management program. “We are honored to be recognized

    The Federal Reserve's reassertion this week that despite recent gains in the consumer price index (CPI) and producer price index (PPI), it still envisions three rate cuts coming in 2024, sparking a rally in real estate investment trusts (REITs). On March 22, three analysts from Citigroup kept that enthusiasm going by upgrading a half dozen REITs and raising price targets on all six. Take a look at the REITs receiving upgrades this week, along with some positives that each REIT has going for it.

    TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock market closes on Tuesday, April 30, 2024. Park will hold a conference call on Wednesday, May 1, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Inter

    Real Estate Investment Trusts (REITs) are companies that own, operate or finance real estate properties. They offer investors the opportunity to gain exposure to the real estate market without the upfront investment of purchasing a property. REITs also typically supply investors with a strong dividend yield. To qualify as REITs, companies legally must return 90% of their taxable income back to investors, most commonly in the form of dividends. REITs are great long-term investment vehicles becaus

    When it comes to investments, we all want solid returns – and that brings many investors to dividend stocks, and REITs in particular. These companies put capital to work in the real estate sector, either owning, managing, and leasing real properties; funding and investing in mortgages and mortgage-backed securities; or following a combination of these tracks – and they are known for paying out high percentages of their profits back to shareholders in the form of dividends. Among the REITs, the h

    Park Hotels & Resorts Inc. (NYSE:PK) Q4 2023 Earnings Call Transcript February 28, 2024 Park Hotels & Resorts Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to the Park Hotels & Resorts, Inc. Fourth Quarter 2023 […]

    After three difficult years beginning with the onset of the COVID-19 pandemic, hotel real estate investment trusts (REITs) are headed to better times. Earnings are improving and hotels have been slowly but surely increasing dividends that were either cut or suspended in 2020. Hotel REITs, like many other REIT subsectors, touched 2023 lows at the end of October. But since then, many in the hotel subsector have been on fire, with total gains among several of them between 25% and 50%. This week, se

    Q4 2023 Park Hotels & Resorts Inc Earnings Call

    Investing in dividend stocks is one method used to build a robust stock portfolio. It allows for added income for a particular security on top of its underlying stock performance, which makes it a very enticing option. Companies in various industries distribute dividends, but some industries supply investors with dividend stocks that offer a larger percentage. Such as real estate investment trusts (REITs), which are legally obligated to take 90% of their income that is taxed and distribute it ba

    TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “low case” and “high case” outlook of operating income margin were changed to 15.1% and 16.3%, respectively; (ii) under the accompanying reconciliations to the full-year 2024 outlook, the “low case” and “high case” of Total Revenues were changed to $2,633 million and $2,682 million, respectively, and