There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Park Hotels & Resorts Inc (PK) shows that investor sentiment remained same, with the stock’s consolidated last price to $13.89. The Park Hotels & Resorts Inc has recorded 263,514 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Park Hotels & Resorts Inc. Reports Third Quarter 2023 Results and Announces Special Dividend of $0.77 Per Share.
As a NYSE listed company, PK falls under the Real Estate sector while operating within the REIT – Hotel & Motel industry segment. At the end of the last regular session, the stock closed at $13.89 and fluctuated between $14.04 as its day high and $13.57 as its day low. The current market capitalization of Park Hotels & Resorts Inc is $2.92B. A total of 3.45 million shares were traded on the day, compared to an average of 2.90M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PK has seen 5 BUY and 1 SELL insider trades, representing the acquisition of 11,415 and the disposition of 14,000 shares. Over the last 12 months, there were 35 BUYs and 30 SELLs from insiders. Insiders purchased 445,571 shares during that period but sold 146,685.
In the most recent transaction, Garrett Geoffrey sold 14,000 shares of PK for 12.83 per share on Sep 14. After the transaction, the Director now owns 31,777 company shares. In a previous transaction on Dec 16, Garrett Geoffrey sold 3,000 shares at 11.86 per share. PK shares that Director owns now total 33,604.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PK’s most recent ex-dividend date was 12/28/2023 when it declared a $0.77 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 9/28/2023. The PK stock dividend was $0.15 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PK in the last 3 months, the mean price target is $15.56 with high estimates of $25.00 and low estimates of $11.00. 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 $0.17 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.09. The company reported an EPS of -$0.7 in the last quarter, which was -350.00% lower than expectations of $0.28.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $18.97, while its Total Shareholder’s Equity was $4.40B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.43.