PK News and Press, Park Hotels & Resorts Inc. From 06/26/23

2023-06-26 13:51:44 ET Summary Markets have performed well so far in 2023, based on the major indices, but the rally has lacked breadth and been driven primarily by a few mega-cap stocks like Apple. The Federal Reserve's most aggressive monetary tightening since the early 80s is f...

TYSONS, Va., June 12, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2023 after the stock market closes on August 2, 2023. Park will hold a conference call on Thursday, Augu...

2023-06-11 09:00:00 ET Summary U.S. equity markets climbed to their highs of the year as investors took positions ahead of a critical slate of inflation data and an anticipated "pause" in the Fed's rate hike cycle. Closing the week in 'bull market' territory, the S&P 500 advan...

2023-06-10 18:55:00 ET The Citi quantitative team is still confident about its Oversold Strategy, despite a second stumble in returns this year. "Our systematic Oversold Strategy posted its second loss (-4%) this year in May, as the equity market is following more closely on the credit ...

TYSONS, Va., June 08, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.15 per share of common stock. The dividend will be paid in cash on July...

2023-06-05 07:40:29 ET Park Hotels & Resorts ( NYSE: PK ) said Monday it stopped making payments toward the $725M non-recourse CMBS loan starting this month, sending its stock 3.7% higher before the bell. The loan, which is scheduled to mature in November, is se...

TYSONS, Va., June 05, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non-recourse CMBS loan which is scheduled to mature in November 2...

Park Hotels & Resorts Inc. (NYSE: PK) has caught the attention of the investment community today with its bullish price action. The company's shares are currently up 5.47% on the day to $13.7. Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leadin...

2023-05-24 10:00:00 ET Summary Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The fina...

2023-05-21 00:40:55 ET Summary The company had a stellar first quarter to 2023, reporting impressive earnings. A sustainable forward dividend yield of 4.4%, which has significant room for increment. Stock remains significantly undervalued, providing a margin of safety. ...