PK Stock Recent News

Park Hotels & Resorts has outperformed the Vanguard Real Estate Index Fund ETF by close to 20% this year. RevPAR grew 4.1% Y/Y in Q4 2023, with a similar increase of about 4.5% projected for 2024. The company's debt is entirely fixed-rate with an average interest rate of 5.24%.

TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock market closes on Tuesday, April 30, 2024. Park will hold a conference call on Wednesday, May 1, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Real Estate Investment Trusts (REITs) are companies that own, operate or finance real estate properties. They offer investors the opportunity to gain exposure to the real estate market without the upfront investment of purchasing a property.

Investing in dividend stocks is one method used to build a robust stock portfolio. It allows for added income for a particular security on top of its underlying stock performance, which makes it a very enticing option.

While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Park Hotels & Resorts' (PK) preliminary fourth-quarter and full-year 2023 results showcase impressive performance.

Get a deeper insight into the potential performance of Park Hotels & Resorts (PK) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Retirement planning is a vital phase of life (the climax) that demands careful strategic investment decisions. Among vast investment options, high-yield dividend stocks for retirement are ideal for stability and consistent income.

Park Hotels & Resorts focuses on the upper-upscale and luxury full-service segment, generating income from room bookings, food & beverage services, and ancillary offerings. Park Hotels & Resorts has improved its balance sheet by exiting its San Francisco hotels, resulting in a fortified financial structure and a reduced net debt. The company's dividends are well-covered and have the potential to grow.

Park Hotels & Resorts' (PK) preliminary fourth-quarter and full-year 2023 results showcase impressive performance and optimistic projections for the upcoming year.