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Morningstar

Park Hotels & Resorts Inc PK Stock Quote

Morningstar Rating
| Rating as of

NYSE: PK

Last close prices updated as of Feb 02, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 15.03
  • Sector Real Estate
  • Industry REIT - Hotel & Motel
  • Investment Style Small Growth
  • Day Range 14.95  –  15.38
  • Year Range 10.92  –  20.58
  • Market Cap 3.3794 Bil
  • Volume / Avg 5.0 Mil /  3.1 Mil
  • Price / Sales 1.51
  • Price / Book 0.77
  • Forward Div Yield 6.66%
  • Trailing Div Yield 1.86%

Morningstar‘s Stock Analysis PK

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Park Hotels Should Continue to See Strong Growth as Business Travel Returns

Kevin Brown Senior Analyst

Business Strategy and Outlook

| Kevin Brown |

Park Hotels & Resorts is the second largest U.S. lodging REIT, focusing on the upper-upscale hotel segment. The company was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017. Since the spinoff, the company has sold all the international hotels and 15 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets. Park completed the acquisition of Chesapeake Lodging Trust in September 2019, a complimentary portfolio of 18 high-quality, upper upscale hotels that should help to diversify Park's hotel brands to include Marriott, Hyatt, and IHG hotels.

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Key Statistics PK

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Company Profile PK

Business Description

Park Hotels & Resorts owns upper-upscale and luxury hotels with 27,062 rooms across 43 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets.

Contact
1775 Tysons Boulevard, 7th Floor
Tysons, VA, 22102
Sector Real Estate
Industry REIT - Hotel & Motel
Employees 80

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Related News PK

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FAQs for Park Hotels & Resorts Inc Stock

No. PK does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PK’s market cap is 3.38 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PK’s stock style is Small Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PK’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PK’s historical performance against its industry peers and the overall market.