PK Stock Recent News

These stocks were big winners last year, but two of our experts think they could still have lots of room to climb.

Park Hotels & Resorts Inc. has seen a strong upward trajectory, gaining about 51% over the last year. The company's improving financial performance and strong growth levers make it an appealing investment opportunity. PK has consistently created value for shareholders through increases in revenue and profit, outperforming its peers and returning capital through dividends and share repurchases.

ARCO, LZ and PK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 13, 2023.

SMMF, PK and OSBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 5, 2023.

While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended September 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 Inc. looks undervalued and is gaining operational momentum. The REIT's second-quarter financial results show growth in revenue per available room and occupancy, indicating increasing demand. Our valuation model suggests value is in store. Moreover, the REIT's dividend profile seems solid.

Their urban hotels in San Francisco and New York face a bleak future. The latest results for their New York Hilton hotel are artificially high because of the housing of immigrants at competitor hotels. Their current dividend yield is not attractive compared to alternative investments.

TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock market closes on November 1, 2023. Park will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Park Hotels & Resorts is an attractive REIT with high dividend yield. The company's fundamentals are improving, with revenues almost back to pre-pandemic levels. The stock seems undervalued, trading at a deep discount to NAV, making it an attractive investment opportunity despite some significant risks.

Park Hotels & Resorts stock has a potential upside of 60% to my NAV estimate, and despite a lack of immediate catalyst, shares should eventually trade up to that level. San Francisco exposure was a concern for the company due to economic and social issues in the city, but the company is now offloading its troubled assets. Focusing on Hawaii resorts and urban properties in the rest of the US appears to be a good decision that could help the stock's re-rating.