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Friday, September 29, 2023

Make Sure You Stick With Park Hotels & Resorts Inc. (PK). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Park Hotels & Resorts Inc. (PK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 1.71%, to $13.12. The Park Hotels & Resorts Inc. has recorded 33,267 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Park Hotels & Resorts Inc. Announces Third Quarter Dividend of $0.15 Per Share.

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Stocks Info

Park Hotels & Resorts Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $12.90 and fluctuated between $12.92 as its day high and $12.50 as its day low. The current market capitalization of Park Hotels & Resorts Inc. is $2.70B. A total of 2.06 million shares were traded on the day, compared to an average of 3.09M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PK has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 10,935 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 29 SELLs from insiders. Insiders purchased 445,591 shares during that period but sold 132,685.

In the most recent transaction, Garrett Geoffrey sold 3,000 shares of PK for 11.86 per share on Dec 16. After the transaction, the Director now owns 33,604 company shares.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PK’s most recent ex-dividend date was 6/29/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 7/17/2023. Previously, the company paid the dividend on 4/17/2023 with an ex-dividend date of 3/30/2023. The PK stock dividend was $0.15 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PK in the last 3 months, the mean price target is $16.00 with high estimates of $25.00 and low estimates of $12.00. In terms of 52-week highs and lows, PK has a high of $15.38 and a low of $10.70.

As of this writing, PK has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.08. The company reported an EPS of $0.15 in the last quarter, which was 114.30% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PK’s latest balance sheet shows that the firm has $688.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.90B in debt and $267.00M in liabilities at the time. Its Book Value Per Share was $18.87, while its Total Shareholder’s Equity was $4.40B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PK is Buy with a score of 3.00.

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