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Park Hotels & Resorts Inc PK Stock Quote

| Rating as of

NYSE: PK

Last close prices updated as of Jun 08, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 14.24
  • Sector Real Estate
  • Industry REIT - Hotel & Motel
  • Investment Style Small Blend
  • Day Range 14.00  –  14.40
  • Year Range 10.70  –  19.23
  • Market Cap 3.0706 Bil
  • Volume / Avg 1.4 Mil /  3.6 Mil
  • Price / Sales 1.20
  • Price / Book 0.72
  • Forward Div Yield 4.21%
  • Trailing Div Yield 2.95%

Morningstar‘s Stock Analysis PK

Valuation
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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Park Hotels Earnings: Return of Group Business Drives Strong Revenue per Available Room

Kevin Brown Senior Analyst

Analyst Note

| Kevin Brown |

First-quarter results for no-moat Park Hotels and Resorts were slightly better than we anticipated, leading us to reaffirm our $26.50 fair value estimate. Occupancy improved to 65.0% in the first quarter from 50.8% in the first quarter of 2022. Average daily rate was up 6.6% year over year. As a result, revenue per available room improved by 36.5% in the first quarter, in line with our estimate of 37.6% growth. EBITDA margins improved 550 basis points to 24.2%, which was better than our estimate of 21.7% EBITDA margins. Therefore, Park Hotels reported hotel EBITDA growth of 81.2% that was slightly better than our estimate of 76.2% hotel EBITDA growth. Adjusted funds from operations came in at $0.42 per share, which was 9 cents better than our $0.33 estimate and significantly above the $0.08 figure reported in the first quarter of 2022.

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Key Statistics PK

Company Profile PK

Business Description

Park Hotels & Resorts owns upper-upscale and luxury hotels with 27,062 rooms across 43 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. 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 U.S. hotels to focus on high-quality assets in domestic gateway markets.

Contact
1775 Tysons Boulevard, 7th Floor
Tysons, VA, 22102
Industry REIT - Hotel & Motel
Employees 91

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Park Hotels & Resorts Inc

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Pebblebrook Hotel Trust

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Price
14.24186.4017.8314.56
Currency
USDUSDUSDUSD
Change
−$0.13 (0.90%) +$0.29 (0.16%) +$0.11 (0.62%) −$0.02 (0.14%)
Market Cap
3.07 Bil26.47 Bil12.68 Bil1.79 Bil
Industry
REIT - Hotel & Motel REIT - Residential REIT - Hotel & Motel REIT - Hotel & Motel
Sector
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Park Hotels & Resorts Inc Stock

Yes. PK has a forward dividend yield of 4.18%. See PK’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PK’s market cap is 3.07 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PK’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PK’s price/sales is 1.21.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PK’s price/forward earnings is 12.83.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PK’s price/book is 0.73.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PK’s valuation ratios compared to the Market Index.

PK’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PK’s historical performance against its industry peers and the overall market.