A look into Park Hotels & Resorts Inc (PK)’s deeper side

With 1.94 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $14.76 whereas the lowest price it dropped to was $14.53. The 52-week range on PK shows that it touched its highest point at $18.05 and its lowest point at $10.06 during that stretch. It currently has a 1-year price target of $19.66. With its current market cap of 3.10 billion, PK has annualized dividend of $1.48 while the current yield stands at 10.06%. Beta for the stock currently stands at 2.05.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PK was down-trending over the past week, with a drop of -1.61%, but this was down by -8.35% over a month. Three-month performance dropped to -16.04% while six-month performance fell -4.15%. The stock gained 31.60% in the past year, while it has lost -3.86% so far this year. A look at the trailing 12-month EPS for PK yields 0.44 with Next year EPS estimates of 0.92. For the next quarter, that number is 0.29. This implies an EPS growth rate of 75.81% for this year and 15.96% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -28.19%.

Float and Shares Shorts:

At present, 209.99 million PK shares are outstanding with a float of 205.40 million shares on hand for trading. On 2024-05-31, short shares totaled 18.44 million, which was 876.0 higher than short shares on 1714435200. In addition to Mr. Thomas Jeremiah Baltimore Jr. as the firm’s Chairman, President & CEO, Mr. Sean M. Dell’Orto serves as its Executive VP, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 1.00087 of PK’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, PK reported revenue of $639000000.0 and operating income of $84000000.0. The EBITDA in the recently reported quarter was $154000000.0 and diluted EPS was $0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.