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Summary U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-...
Park Hotels & Resorts press release ( NYSE: PK ): Q4 FFO of $0.45 beats by $0.05 . Revenue of $665M (+47.5% Y/Y) beats by $12.68M . Sees Q1 2023 AFFO per share of $0.30 to $0.37. The consensus FFO estimate is $0.34. Sees FY 2023 AFFO per share of $1.60 to $...
Park Hotels & Resorts press release ( NYSE: PK ): Q4 FFO of $0.40 in-line. Revenue of $665M (+47.5% Y/Y) beats by $12.68M . 1Q23 Guidance: Adj FFO of $0.30-$0.37. FY23 Guidance: Adj FFO of $1.60-$1.99. For further details see: Park Hotels & Resort...
TYSONS, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2022 and provided an operational update. Selected Statistic...
Summary Although Lodging REITs have not rebounded to pre-Covid levels, we thought it would be valuable to provide investors with an update. Keep in mind, we are underweight Lodging, which means that investors should maintain responsible diversification. In this article, we highlight...
Summary U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 a...
TYSONS, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has closed on the sale of the 508-room Hilton Miami Airport located in Miami, FL for $118.25 million, or $233,000 per key. When adj...
Summary Park Hotels & Resorts is seeing a strong recovery in hotel operating fundamentals, driven by increasing travel demand. Management has done a good job of deleveraging the balance sheet and reinstating a meaningful dividend. Investors betting on a rebound may want to give ...
Summary Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure dema...
TYSONS, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) (“Park” or the “Company”) announced today the tax reporting information for its 2022 cash distributions on its common stock. The distributions, totaling...
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TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) today announced that it plans to report financial results for the second quarter 2024 after the stock market closes on Wednesday, July 31, 2024. Park will hold a conference call on Thur...
2024-05-28 06:15:05 ET Deutsche Bank analyst issues BUY recommendation for PK on May 28, 2024 05:14AM ET. The previous analyst recommendation was Buy. PK was trading at $16.05 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analys...