PK - Park Hotels & Resorts Inc.

NYSE - NYSE Delayed Price. Currency in USD
26.45
-0.17 (-0.64%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close26.62
Open0.00
Bid26.12 x 2200
Ask32.00 x 2200
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume1,828,246
Market Cap5.332B
Beta (3Y Monthly)1.32
PE Ratio (TTM)12.76
EPS (TTM)2.07
Earnings DateJul 31, 2019
Forward Dividend & Yield1.80 (6.76%)
Ex-Dividend Date2019-06-27
1y Target Est32.42
Trade prices are not sourced from all markets
  • Business Wire10 days ago

    Park Hotels & Resorts Announces Second Quarter 2019 Earnings Conference Call on August 1, 2019

    Park Hotels & Resorts Inc. today announced that it plans to report financial results for the second quarter 2019 after the stock market closes on Wednesday, July 31, 2019.

  • Is Park Hotels & Resorts Inc. (PK) A Good Stock To Buy?
    Insider Monkey20 days ago

    Is Park Hotels & Resorts Inc. (PK) A Good Stock To Buy?

    Is Park Hotels & Resorts Inc. (NYSE:PK) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. […]

  • WeWork expands presence in Tysons, bringing a trophy Lerner tower to full occupancy
    American City Business Journals21 days ago

    WeWork expands presence in Tysons, bringing a trophy Lerner tower to full occupancy

    There’s no room left at 1775 Tysons Blvd. WeWork inked a deal Thursday to expand its presence in Lerner Enterprises’ trophy office building to 154,025 square feet, bringing the 17-story, 476,000-square-foot tower to 100% occupancy roughly three and a half years after it delivered.The coworking space goliath has occupied 92,500 square feet at 1775 Tysons Blvd., on the fourth, fifth and sixth floors, since 2016 — its initial entry into the Fairfax County submarket. The expansion will add 61,525 square feet on the 11th and 12th floors of the building. "The WeWork expansion is the latest example of the many industry-leading companies that have thrived in Tysons II over the years,” Lerner Enterprises' Principal Mark Lerner said in a statement.

  • Park Hotels (PK) Sheds Non-Core Assets Worth $166 Million
    Zacks22 days ago

    Park Hotels (PK) Sheds Non-Core Assets Worth $166 Million

    Park Hotels & Resorts' (PK) shedding of non-core assets for $166 million comes as part of its capital-recycling efforts, helping substantially lower the company's leverage ahead of its proposed merger.

  • Park Hotels unloads 3 hotels as it prepares to close Chesapeake Lodging Trust deal
    American City Business Journals24 days ago

    Park Hotels unloads 3 hotels as it prepares to close Chesapeake Lodging Trust deal

    Tysons-based Park Hotels & Resorts (NYSE: PK) is offloading three hotels for $166 million as it moves toward its acquisition of Chesapeake Lodging Trust. Park deems the three hotels — the 507-room Hilton Atlanta Airport, the 317-room Hilton New Orleans Airport and the 274-room Embassy Suites Parsippany in Parsippany, New Jersey — noncore domestic assets.

  • Business Wire25 days ago

    Park Hotels & Resorts Inc. Announces the Sales of Three Non-Core Assets for $166M

    Park Hotels & Resorts Inc. (“Park” or “the Company”) (PK) today announced that it closed on the sales of three non-core domestic assets for combined gross proceeds of $166.0 million, or $151,000 per key. When adjusted for Park’s anticipated capital expenditures of $50.5 million, or $46,000 per key, the combined sale price represents a 6.9% capitalization rate on the three hotels’ 2018 net operating income, or 12.6x the hotels’ 2018 EBITDA. Park Hotels & Resorts Inc. (PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value.

  • Park Hotels & Resorts Inc. Announces the Reopening of the Caribe Hilton
    Business Wire2 months ago

    Park Hotels & Resorts Inc. Announces the Reopening of the Caribe Hilton

    Park Hotels & Resorts Inc. (“Park”) (PK) announced that the Caribe Hilton (“the Resort”) in San Juan, Puerto Rico reopened today following a $150-million restoration. “We are thrilled to re-introduce the iconic Caribe Hilton to guests and locals alike,” said Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park Hotels & Resorts.

  • 2 Dividend Stocks That Are Way More Productive Than  AT&T Stock
    InvestorPlace2 months ago

    2 Dividend Stocks That Are Way More Productive Than AT&T Stock

    AT&T (NYSE:T) is currently yielding 6.7%. Dividend investors love AT&T stock and its juicy payout despite the fact it's highly likely the telecom/media company will have to cut its dividend in the future to help pay down its massive debt.Source: Shutterstock Debt is a big reason that I'm not a fan of AT&T and probably never will be. Chasing yield is a mug's game. It's the total return that counts, not dividend yield. And while the AT&T stock price is up approximately $2.77 a share, 51 cents of that return is due to its quarterly dividend. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy the end of the year, the dividend could account for almost 100% of its total return. For my money, I want the dividend to account for no more than 50% of a stock's total return, preferably even lower around 25%. * 6 Trade War Stocks With a Lot of Risk Here are two stocks with a market cap higher than $2 billion trading within $2 of AT&T that will meet my criterion above and outperform AT&T stock on a total return basis over the next 1, 3, and 5-year periods. Both of these stocks should put AT&T on the bench. Permanently. Wolverine World WideMichigan-based Wolverine World Wide (NYSE:WWW) is probably best known for its Hush Puppies and Merrell brands. However, the footwear manufacturer has a total of 12 brands in its portfolio including Keds, Sperry, and Saucony. Wolverine released its first-quarter results May 10 and investors didn't like them sending its stock down by more than 5% on the news. With the losses after its Q1 2019 report, WWW stock is now down about 6.7% year to date. Its downward trend in 2019 ends three years of consecutive annual gains. Like Warren Buffett, I believe that it's good news when a stock is dropping in price because it allows you to buy while it's on sale. Analysts see good things ahead for Wolverine. "Despite back-end weighted guidance, we are confident Wolverine will achieve top- and bottom-line FY19 objectives," wrote Susquehanna Financial Group analysts. "Headwinds faced in the first half should subside in the second half."Yielding 1.4%, capital appreciation is the key to shareholder happiness. Delivering an annualized total return of 13.2% over the past decade, I see WWW outperforming AT&T stock in the long run. Park Hotels & ResortsPark Hotels & Resorts (NYSE:PK) was spun-off from Hilton Hotels (NYSE:HLT) in January 2017. It is a real estate investment trust that owns 52 premium branded hotels and resorts in the U.S. On May 6, in addition to releasing its Q1 2019 results, the company announced that it would buy Chesapeake Lodging Trust (NYSE:CHSP) for $2.7 billion. The strategic investment gives Park Hotels a total of 66 properties in 17 states and Washington D.C. and an enterprise value of $12.0 billion. As a result of the purchase, the company's revenue per available room (RevPAR) increases by 3.4% to $182. It also expands the number of hotel brands in the portfolio beyond Hilton, DoubleTree, and Waldorf Astoria, to include Marriott (NYSE:MAR), Hyatt (NYSE:H), and other third-party operators. Since Park Hotels was spun-off from Hilton, it's delivered a 46% total return to shareholders through the company's merger announcement with Chesapeake. I expect that its latest acquisition will provide significant shareholder returns in the years to come. Currently yielding 6.0%, I believe it's a much better and safer dividend play than AT&T stock. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 2 Dividend Stocks That Are Way More Productive Than AT&T Stock appeared first on InvestorPlace.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of PK earnings conference call or presentation 6-May-19 1:00pm GMT

    Q1 2019 Park Hotels & Resorts Inc Earnings and Strategic Acquisition of Chesapeake Lodging Trust Call

  • Park Hotels & Resorts Inc. (PK) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Park Hotels & Resorts Inc. (PK) Q1 2019 Earnings Call Transcript

    PK earnings call for the period ending March 31, 2019.

  • Company News For May 7, 2019
    Zacks2 months ago

    Company News For May 7, 2019

    Companies In The News Are: SYY,TSN,CHSP,PK,MT

  • Should You Buy Park Hotels (PK) Ahead of Earnings?
    Zacks2 months ago

    Should You Buy Park Hotels (PK) Ahead of Earnings?

    Park Hotels (PK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Benzinga2 months ago

    Park Hotels To Buy Out Chesapeake Lodging With 'Laser Focus' On Value Creation

    Under the terms of the deal, Park Hotels will acquire all outstanding Chesapeake shares, creating a combined company with an estimated enterprise value of $12 billion. Chesapeake shareholders will receive $11 in cash and 0.628 of a share of Park common stock for each Chesapeake share they hold, according to Monday's press release.

  • PR Newswire2 months ago

    ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Chesapeake Lodging Trust

    NEW YORK , May 6, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Chesapeake Lodging Trust (NYSE: CHSP) and its board of directors for breach of fiduciary duty concerning ...

  • Investors are pushing the panic button on U.S.-China trade talks, analyst suggests
    MarketWatch2 months ago

    Investors are pushing the panic button on U.S.-China trade talks, analyst suggests

    White House economic adviser Larry Kudlow, in a tweet that put an awkward exclamation point on Friday’s stock-market rally, cheered “we’re killing it on the economy” and it’s “totally awesome.” In the first trading session since that tweet went viral, it certainly doesn’t feel totally awesome for traders who were anticipating good news on the trade front.

  • GlobeNewswire2 months ago

    CHESAPEAKE LODGING TRUST SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

    WILMINGTON, Del., May 06, 2019 -- Rigrodsky & Long, P.A.: Do you own shares of Chesapeake Lodging Trust (NYSE: CHSP)?Did you purchase any of your shares prior to May 6,.

  • GlobeNewswire2 months ago

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Chesapeake Lodging Trust to Park Hotels & Resorts Inc. is Fair to Shareholders

    NEW YORK, May 06, 2019 -- NEW YORK, May 6, 2019 - The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Chesapeake.

  • What's in Store for Two Harbors (TWO) This Earnings Season?
    Zacks2 months ago

    What's in Store for Two Harbors (TWO) This Earnings Season?

    Unfavorable spread differential will likely escalate Two Harbors Investment's (TWO) cost of funds. Further, dismal U.S. housing activity might result in muted growth in its RMBS portfolio

  • What's in the Offing for Uniti Group's (UNIT) Q1 Earnings?
    Zacks2 months ago

    What's in the Offing for Uniti Group's (UNIT) Q1 Earnings?

    Uncertain revenues from the master lease agreement with Windstream and large scale dispositions to impact Uniti Group's (UNIT) results in Q1.

  • TheStreet.com2 months ago

    Park Hotels to Pay $2.7 Billion for Chesapeake Lodging Trust

    Park Hotels & Resorts to buy rival Chesapeake Lodging Trust in a cash-and-stock deal valued at $2.7 billion.

  • PR Newswire2 months ago

    Chesapeake (CHSP) Alert: Johnson Fistel Investigates Proposed Sale of Chesapeake Lodging Trust; Are Chesapeake Shareholders Getting a Fair Deal?

    SAN DIEGO , May 6, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Chesapeake Lodging Trust (NYSE: CHSP) ("Chesapeake") ...

  • Should Park Hotels & Resorts (NYSE:PK) Be Disappointed With Their 10% Profit?
    Simply Wall St.2 months ago

    Should Park Hotels & Resorts (NYSE:PK) Be Disappointed With Their 10% Profit?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! These days it's easy to simply buy an index fund, and your returns should (roughly) match the market...

  • Park Hotels to acquire Arlington's Chesapeake Lodging, creating $12B REIT
    American City Business Journals2 months ago

    Park Hotels to acquire Arlington's Chesapeake Lodging, creating $12B REIT

    Park owns hotels from Waikiki to San Francisco to Midtown Manhattan to Boston to Orlando, and numerous major markets in between, including the District.

  • Park Hotels & Resorts Inc. (PK) Lags Q1 FFO and Revenue Estimates
    Zacks2 months ago

    Park Hotels & Resorts Inc. (PK) Lags Q1 FFO and Revenue Estimates

    Park Hotels & Resorts Inc. (PK) delivered FFO and revenue surprises of -2.90% and -0.30%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?