Park Hotels & Resorts Inc.

PK

US7005171050

Specialized REITs

Market Closed - Nyse Other stock markets 16:00:02 2024-05-16 EDT			5-day change	1st Jan Change
16.4 ^USD	+1.70%		+2.85%	+7.22%

05-16	Park Hotels & Resorts Closes $550 Million Debt Offering	MT
05-03	Park Hotels & Resorts Prices Upsized $550 Million Senior Notes Offering	MT

Park Hotels & Resorts Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 30, 2024 at 04:08 pm

Park Hotels & Resorts Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 374 million compared to USD 382 million a year ago. Revenue was USD 639 million compared to USD 648 million a year ago.

Net income was USD 28 million compared to USD 33 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.15 a year ago.

Latest news about Park Hotels & Resorts Inc.

Park Hotels & Resorts Closes $550 Million Debt Offering	05-16	MT
Park Hotels & Resorts Prices Upsized $550 Million Senior Notes Offering	05-03	MT
Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Notes Offering	05-02	CI
Deutsche Bank Adjusts Park Hotels & Resorts Price Target to $23 From $24, Maintains Buy Rating	05-02	MT
Transcript : Park Hotels & Resorts Inc., Q1 2024 Earnings Call, May 01, 2024	05-01
Earnings Flash (PK) PARK HOTELS & RESORTS Reports Q1 Revenue $639M	04-30	MT
Park Hotels & Resorts Inc. Revises Unaudited Earnings Guidance for the Full Year 2024	04-30	CI
Park Hotels & Resorts Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
Park Hotels & Resorts Maintains Q2 Dividend at $0.25 per Share, Payable July 15 to Shareholders of Record on June 28	04-19	MT
Park Hotels & Resorts Inc. Declares Second Quarter Cash Dividend, Payable on July 15, 2024	04-19	CI
Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says	04-05	MT
Citigroup Upgrades Park Hotels & Resorts to Buy From Neutral, Adjusts Price Target to $20 From $14	03-22	MT
Wells Fargo Adjusts Price Target on Park Hotels & Resorts to $18 From $17, Maintains Equalweight Rating	03-21	MT
Truist Adjusts Price Target on Park Hotels & Resorts to $21 From $20, Maintains Buy Rating	03-14	MT
Deutsche Bank Adjusts Park Hotels & Resorts Price Target to $24 From $23, Maintains Buy Rating	03-12	MT
Park Hotels & Resorts Files Mixed Securities Shelf	03-11	MT
UBS Adjusts Park Hotels & Resorts Price Target to $18 From $14, Maintains Neutral Rating	03-06	MT
Barclays Adjusts Price Target on Park Hotels & Resorts to $21 From $19, Maintains Overweight Rating	03-01	MT
Park Hotels & Resorts to Acquire Assets	02-28	CI
Transcript : Park Hotels & Resorts Inc., Q4 2023 Earnings Call, Feb 28, 2024	02-28
Park Hotels & Resorts Q4 Adjusted Funds From Operations Rise, Revenue Falls	02-28	MT
Earnings Flash (PK) PARK HOTELS & RESORTS Reports Q4 Revenue $657M	02-27	MT
Tranche Update on Park Hotels & Resorts Inc. (NYSE:PK)'s Equity Buyback Plan announced on February 22, 2023.	02-27	CI
Park Hotels & Resorts Inc. Declares First Quarter 2024 Cash Dividend, Payable on April 15, 2024	02-27	CI
Park Hotels & Resorts Inc. Provides Unaudited Earnings Guidance for the Year 2024	02-27	CI

Chart Park Hotels & Resorts Inc.

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Company Profile

Park Hotels & Resorts Inc. is a lodging real estate investment trust (REIT). The Company has a diverse portfolio of hotels and resorts with significant underlying real estate value. Its portfolio consists of 43 premium-branded hotels and resorts with over 26,000 rooms, located in prime United States markets. The Company has two operating segments: consolidated hotels and unconsolidated hotels. Approximately 86% of its rooms are luxury and upper upscale and all of its rooms are located in the United States and its territories. Its portfolio includes hotels in urban and convention areas, such as New York City, Washington, D.C., Chicago, Boston, New Orleans and Denver; and premier resorts in key leisure destinations, including Hawaii, Orlando, Key West and Miami Beach; as well as hotels in select airport and suburban locations. Its brands include Hilton Hotels & Resorts, DoubleTree by Hilton, Signia by Hilton, Hyatt Regency, and others.

Sector

Specialized REITs

Calendar

2024-07-30 - Q2 2024 Earnings Release (Projected)

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Ratings for Park Hotels & Resorts Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

16.4 USD

Average target price

20.09 USD

Spread / Average Target

+22.49%

Consensus

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