PK - Park Hotels & Resorts: Well-Covered Dividend And Undervalued Shares
2024-06-09 08:19:50 ET
Summary
- Park Hotels & Resorts is a hotel REIT, generating a significant portion of its revenue from the Hawaii and Orlando markets.
- The market outlook is overall positive and the management has guided for a higher range of FFO per share and adjusted EBITDA this year.
- This is a conservatively financed business with strong liquidity, but more importantly, the dividend appears to be well-covered and the shares undervalued.
Park Hotels & Resorts Inc. (PK) was spun-off by Hilton Worldwide Holdings Inc. ( HLT ) in 2017 and headquartered in Tysons, VA, owns and manages hotels and resorts in the U.S....
Park Hotels & Resorts: Well-Covered Dividend And Undervalued Shares