5 Hotel REITs Crushing Estimates This Week [Yahoo! Finance]
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
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Source: Yahoo! Finance
Earnings are improving and hotels have been slowly but surely increasing dividends that were either cut or suspended in 2020. Hotel REITs, like many other REIT subsectors, touched 2023 lows at the end of October. But since then, many in the hotel subsector have been on fire, with total gains among several of them between 25% and 50%. This week, several hotel REITs reported fourth-quarter 2023 operating results that beat the estimates on both funds from operations (FFO) and revenue. Take a look at five hotel REITs that caught analysts by surprise and could have more room to appreciate: Park Hotels & Resorts Inc. (NYSE: PK ) is a Tysons, Virginia-based hotel REIT with more than 26,000 rooms in 43 hotels and resorts in 25 prime U.S. markets with high barriers to entry. Hawaii properties account for 36% of its portfolio. Park Hotels is a small-cap stock with a market cap of $3.35 billion. Park Hotels was established as an independent company in January 2017 following its spinoff f
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PK
News
- Park Hotels & Resorts Inc. (NYSE: PK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.25 Per ShareGlobeNewswire
- Park Hotels & Resorts Inc. (NYSE: PK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Park Hotels & Resorts Inc. (NYSE: PK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Park Hotels & Resorts Inc. (NYSE: PK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
PK
Earnings
- 2/27/24 - Beat
PK
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- PK's page on the SEC website