After Hours
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. Yahoo Finance discussed the stock recently as it posted Park Hotels & Resorts Provides Preliminary Q4 2023 and Full-Year 2023 Results.
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Stocks Info
Park Hotels & Resorts Inc is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $15.74 and fluctuated between $15.95 as its day high and $15.69 as its day low. The current market capitalization of Park Hotels & Resorts Inc is $3.31B. A total of 2.38 million shares were traded on the day, compared to an average of 3.30M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PK has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 1 SELLs from insiders. Insiders purchased 131,557 shares during that period but sold 14,000.
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.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Park Hotels & Resorts Inc pays an annual dividend of $1.38, resulting in a dividend yield of 8.77%, and it has a price to earnings (P/E) ratio of 33.56. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PK in the last 3 months, the mean price target is $18.04 with high estimates of $25.00 and low estimates of $11.58. In terms of 52-week highs and lows, PK has a high of $16.77 and a low of $9.74.
As of this writing, PK has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.12. The company reported an EPS of $0.13 in the last quarter, which was 44.40% higher than expectations of $0.09.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $18.97, while its Total Shareholder’s Equity was $4.40B.
Analysts Opinion
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. 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 3.71.
