Park Hotels & Resorts (PK) Reports Q1 Earnings: What Key Metrics Have to Say
- The headline numbers for Park Hotels & Resorts (PK) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 04/30/2024
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Park Hotels & Resorts (PK) Q1 FFO and Revenues Surpass Estimates
- Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to FFO of $0.42 per share a year ago.
- 04/30/2024
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Park Hotels & Resorts Inc. Reports First Quarter 2024 Results
- TYSONS, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2024 and provided an operational update.
- 04/30/2024
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Park Hotels & Resorts Inc. Announces Second Quarter Dividend of $0.25 Per Share
- TYSONS, Va., April 19, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) announced today that the Company has declared a second quarter cash dividend of $0.25 per share of common stock. The dividend will be paid in cash on July 15, 2024 to stockholders of record as of June 28, 2024.
- 04/19/2024
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Park Hotels & Resorts: Valuation Appears Stretched After Recent Outperformance
- Park Hotels & Resorts has outperformed the Vanguard Real Estate Index Fund ETF by close to 20% this year. RevPAR grew 4.1% Y/Y in Q4 2023, with a similar increase of about 4.5% projected for 2024. The company's debt is entirely fixed-rate with an average interest rate of 5.24%.
- 04/15/2024
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Wall Street Loves This Lodging Stock That Grew Its Dividend 207% Last Year
- Investors love dividends for a variety of reasons. They provide assurance that a company is financially healthy enough to reward investors.
- 04/08/2024
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The 7 Most Undervalued REITs to Buy in April 2024
- If you are looking for a list of the most undervalued REITs to buy in April, then you have come to the right place. This article explores several real estate investment trusts (REITs) that appear attractively priced given the current economic environment of falling interest rates.
- 04/03/2024
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Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award
- TYSONS, Va., March 26, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) is proud to announce that it has received the 2024 ENERGY STAR Partner of the Year Award for Energy Management from the U.S. Environmental Protection Agency (“EPA”). This is the second consecutive year that Park has received this honor and the Company is once again the only hotel company to have earned this recognition for its energy management program.
- 03/26/2024
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Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
- TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock market closes on Tuesday, April 30, 2024. Park will hold a conference call on Wednesday, May 1, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 03/18/2024
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The 3 Most Undervalued REITs to Buy in March 2024
- Real Estate Investment Trusts (REITs) are companies that own, operate or finance real estate properties. They offer investors the opportunity to gain exposure to the real estate market without the upfront investment of purchasing a property.
- 03/12/2024
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Picking A Winner In Hotel REITs
- Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.
- 03/01/2024
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7 Cheap Dividend Stocks to Roll the Dice With
- If passive income is the equivalent of sushi, then cheap dividend stocks – if you're not careful – is the equivalent of sushi bought at a gas station. Here's what I mean.
- 02/29/2024
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Park Hotels & Resorts, Inc. (PK) Q4 2023 Earnings Call Transcript
- Park Hotels & Resorts, Inc. (PK) Q4 2023 Earnings Call Transcript
- 02/28/2024
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The Dividend Promise: 3 Stocks Set to Deliver in March 2024
- Investing in dividend stocks is one method used to build a robust stock portfolio. It allows for added income for a particular security on top of its underlying stock performance, which makes it a very enticing option.
- 02/28/2024
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Park Hotels & Resorts (PK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/27/2024
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results (CORRECTED) and Announces First Quarter Dividend of $0.25 Per Share
- TYSONS, Va., Feb. 27, 2024 (GLOBE NEWSWIRE) -- The following items in this press release have been corrected: (i) under the caption “Full-Year 2024 Outlook” and the accompanying reconciliations, the “low case” and “high case” outlook of operating income margin were changed to 15.1% and 16.3%, respectively; (ii) under the accompanying reconciliations to the full-year 2024 outlook, the “low case” and “high case” of Total Revenues were changed to $2,633 million and $2,682 million, respectively, and the “low case” and “high case” of “other revenue” were both changed to $92 million. There are no other changes.
- 02/27/2024
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What's in Store for Park Hotels & Resorts (PK) in Q4 Earnings?
- Park Hotels & Resorts' (PK) preliminary fourth-quarter and full-year 2023 results showcase impressive performance.
- 02/26/2024
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Stay Ahead of the Game With Park Hotels & Resorts (PK) Q4 Earnings: Wall Street's Insights on Key Metrics
- Get a deeper insight into the potential performance of Park Hotels & Resorts (PK) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 02/26/2024
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Wall Street Favorites: 3 Dividend Stocks With Strong Buy Ratings for February 2024
- In a bullish or bearish stock market, it is always a great time for investors to buy into stocks that offer great dividend yields. That's because it is a stable stream of income, and unless a company decides to lower its overall yield, dividend income will remain stable even in a bearish market.
- 02/21/2024
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7 High-Yield Dividend Stocks for the Ultimate Retirement Portfolio
- Retirement planning is a vital phase of life (the climax) that demands careful strategic investment decisions. Among vast investment options, high-yield dividend stocks for retirement are ideal for stability and consistent income.
- 02/13/2024
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Park Hotels & Resorts: Strong Balance Sheet; Well-Covered Dividends
- Park Hotels & Resorts focuses on the upper-upscale and luxury full-service segment, generating income from room bookings, food & beverage services, and ancillary offerings. Park Hotels & Resorts has improved its balance sheet by exiting its San Francisco hotels, resulting in a fortified financial structure and a reduced net debt. The company's dividends are well-covered and have the potential to grow.
- 01/31/2024
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Park Hotels & Resorts' (PK) Preliminary Q4 FFO, Revenues Beat
- Park Hotels & Resorts' (PK) preliminary fourth-quarter and full-year 2023 results showcase impressive performance and optimistic projections for the upcoming year.
- 01/23/2024
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Things Are Looking Up for These Relative Price Strength Stocks
- PK, TREE, ANF and OC are four stocks with explosive relative price strength.
- 01/11/2024
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Buy These 5 Price-to-Book Value Stocks for Gains in 2024
- The P/B ratio helps to identify low-priced stocks with high growth prospects. General Motors Company (GM), Park Hotels & Resorts (PK), Qifu Technology (QFIN), Centene (CNC) and Deutsche Bank Aktiengesellschaft (DB) are some such stocks.
- 01/09/2024
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Park Hotels & Resorts (PK) is a Great Momentum Stock: Should You Buy?
- Does Park Hotels & Resorts (PK) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/08/2024
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Park Hotels & Resorts Announces Fourth Quarter and Full Year 2023 Earnings Conference Call on February 28, 2024
- TYSONS, Va., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2023 after the stock market closes on Tuesday, February 27, 2024. Park will hold a conference call on Wednesday, February 28, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 01/05/2024
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These 2 Stocks Gained 40% or More in 2023 -- Here's Why They Could Do It Again in 2024
- These stocks were big winners last year, but two of our experts think they could still have lots of room to climb.
- 01/05/2024
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Best Growth Stocks to Buy for January 4th
- ARCO, LZ and PK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 4, 2024.
- 01/04/2024
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Tap These 5 Bargain Stocks With Attractive EV-to-EBITDA Ratio
- We have screened bargain stocks KT, PK, CVE, FHN and NOAH based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 01/03/2024
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Top 12 REITs For The Next 12 Months
- REITs are performing well and expected to continue to rise, with potential for a 45% increase in the next 2-3 years. If the Fed reduces the prime rate, REIT yields will become more competitive with bonds and treasuries. REIT balance sheets are in good condition, with low debt ratios and valuations coming back into the low end of their normal range.
- 01/02/2024
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4 REIT Stocks Set to Continue Their Winning Streaks in 2024
- The REIT industry is poised for a recovery in 2024 amid the Fed's accommodative approach and resilient economic activity. REITs like EQIX, EGP, STAG and PK are expected to continue excelling in 2024 as their respective industry market fundamentals remain strong.
- 12/29/2023
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Park Hotels & Resorts: Strong Growth Levers To Sustain Impressive Financial Performance
- Park Hotels & Resorts Inc. has seen a strong upward trajectory, gaining about 51% over the last year. The company's improving financial performance and strong growth levers make it an appealing investment opportunity. PK has consistently created value for shareholders through increases in revenue and profit, outperforming its peers and returning capital through dividends and share repurchases.
- 12/28/2023
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World Beaters: 10 Double-Digit Dividend Growth REITs
- Dividend growth rate is an underrated aspect of dividend investing. Companies that start with lower yields but grow the dividend rapidly end up paying higher yields over time and outperforming on share price. In other words, they beat the world. Who are they? This article lists the top 10 dividend-growth REITs, with safe yields of 2.00% or better. The results are sometimes surprising.
- 12/26/2023
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Disinflation: A Gift That Keeps Giving
- U.S. equity markets extended their winning streak to an eighth week - the longest in five years - after inflation data both domestically and abroad showed a further cooling of price pressures. Extending its weekly winning streak to the longest since 2017, the S&P 500 posted gains of another 0.9% on the week, lifting the benchmark to within 1% of record highs. Pushing their eight-week rebound to over 25%, the Equity REIT Index gained 0.6% this week, with 9-of-18 property sectors in positive territory, while the Mortgage REIT Index gained 1.3%.
- 12/24/2023
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4 Low Price-to-Cash Flow Stocks to Navigate the Market in 2024
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Park Hotels & Resorts (PK), Centene (CNC), Solo Brands (DTC) and AZZ Inc. (AZZ) boast low P/CF ratios.
- 12/21/2023
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4 Low Price-to-Book Stocks to Buy in the New Year
- The P/B ratio helps to identify low-priced stocks with high growth prospects. Solo Brands (DTC), Park Hotels & Resorts (PK), Centene (CNC) and Deluxe Corporation (DLX) are some such stocks.
- 12/21/2023
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3 Equity REIT Stocks Worth Betting on Despite Industry Woes
- Despite broad-based economic uncertainty, the Zacks REIT and Equity Trust - Other industry players such as EGP, STAG and PK are likely to benefit from the healthy industrial real estate market fundamentals and improving demand across the lodging industry.
- 12/18/2023
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Best Growth Stocks to Buy for December 13th
- ARCO, LZ and PK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 13, 2023.
- 12/13/2023
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Buy These 5 Low Price-to-Book Value Stocks in December
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Solo Brands (DTC), Park Hotels & Resorts (PK), Flex (FLEX), Centene (CNC) and Deluxe Corp (DLX) are some such stocks.
- 12/06/2023
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Best Growth Stocks to Buy for December 5th
- LMB, DVA and PK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 5, 2023.
- 12/05/2023
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Best Value Stocks to Buy for December 5th
- SMMF, PK and OSBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 5, 2023.
- 12/05/2023
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Add Value to Your Investment With These 4 Low P/CF Stocks
- Value investing is essentially about selecting stocks that are cheap but fundamentally sound. PVH Corp. (PVH), Centene (CNC), Solo Brands (DTC) and Park Hotels & Resorts (PK) boast a low P/CF ratio.
- 12/04/2023
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Tap These 5 Bargain Stocks With Impressive EV-to-EBITDA Ratios
- We have screened bargain stocks JKS, PVH, TITN, ADT and PK based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 11/28/2023
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Buy These 4 Best Value Stocks to Make the Most of P/B Ratio
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Itron (ITRI), PVH Corp. (PVH), Centene (CNC) and Park Hotels & Resorts (PK) are some such stocks.
- 11/20/2023
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These 4 Low Price-to-Cash Flow Stocks Have Winning Potential
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. PVH Corp. (PVH), Centene (CNC), AerCap (AER) and Park Hotels & Resorts (PK) boast a low P/CF ratio.
- 11/16/2023
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Here's What Key Metrics Tell Us About Park Hotels & Resorts (PK) Q3 Earnings
- While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 11/01/2023
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Park Hotels & Resorts: Things Are Looking Up
- Park Hotels & Resorts Inc. looks undervalued and is gaining operational momentum. The REIT's second-quarter financial results show growth in revenue per available room and occupancy, indicating increasing demand. Our valuation model suggests value is in store. Moreover, the REIT's dividend profile seems solid.
- 10/18/2023
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7 Undervalued REITs to Protect Against a Housing Crisis
- REITs are down bad this year. REIT stocks across nearly all sectors are down by double digits since January.
- 10/17/2023
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Former Trophy Properties Have Become An Achilles' Heel For REIT Park Hotels & Resorts
- Their urban hotels in San Francisco and New York face a bleak future. The latest results for their New York Hilton hotel are artificially high because of the housing of immigrants at competitor hotels. Their current dividend yield is not attractive compared to alternative investments.
- 10/16/2023
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7 Unloved Value Stocks Primed for a Turnaround
- With the market seemingly poised for a rotation out of high-risk assets toward more reasonable fare, unloved value stocks may have a chance to finally secure their time in the spotlight. Basically, the good times of any artificial intelligence-based technology firm soaring higher may be ending.
- 10/15/2023
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9 REITs Blown Apart, Holding Serious 2024 Rebound Potential
- Sharply higher long-term borrowing costs for real estate during late summer have been a huge headwind for REIT operations and investment valuations. The demand for commercial real estate, especially office space, is being questioned with the appearance of stay-at-home living/work trends. However, things change. A slower economy into 2024 could reverse interest rates lower and pinpoint a bottom in REIT pessimism.
- 10/06/2023
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Analysts See Strong Upside Trade for Undervalued REITs
- Well, you don't have to conjure up some investment that doesn't exist. Real estate investment trusts, often called REITs, are mandated to distribute profits to shareholders to maintain their special tax status.
- 10/06/2023
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Park Hotels & Resorts Inc. Announces Third Quarter 2023 Earnings Conference Call On November 2, 2023
- TYSONS, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2023 after the stock market closes on November 1, 2023. Park will hold a conference call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 09/13/2023
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Now's the time to own dividend-paying stocks. These 5 offer up to a 9% yield.
- The “easy” gains of the early part of a bull market have been made, and stocks are more likely to move sideways. That means now is a good time to remember a frequently overlooked reality of investing: 40% of gains come from dividends over the long run.
- 08/14/2023
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Wildfires Could Hit Hawaii Tourism Industry. Some Stocks to Watch.
- The biggest question for the island's companies—and broader economy— will be how long tourists might stay away.
- 08/11/2023
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Park Hotels & Resorts Is A Risky Buy
- Park Hotels & Resorts is an attractive REIT with high dividend yield. The company's fundamentals are improving, with revenues almost back to pre-pandemic levels. The stock seems undervalued, trading at a deep discount to NAV, making it an attractive investment opportunity despite some significant risks.
- 08/04/2023
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Park Hotels & Resorts: San Francisco Headwinds Overshadowing Strong Recovery
- Park Hotels & Resorts stock has a potential upside of 60% to my NAV estimate, and despite a lack of immediate catalyst, shares should eventually trade up to that level. San Francisco exposure was a concern for the company due to economic and social issues in the city, but the company is now offloading its troubled assets. Focusing on Hawaii resorts and urban properties in the rest of the US appears to be a good decision that could help the stock's re-rating.
- 08/04/2023
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Park Hotels & Resorts (PK) Reports Q2 Earnings: What Key Metrics Have to Say
- The headline numbers for Park Hotels & Resorts (PK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 08/02/2023
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Park Hotels & Resorts (PK) Meets Q2 FFO Estimates
- Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.60 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.61 per share a year ago.
- 08/02/2023
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7 Best Hotel REITs to Buy Now
- Are you looking to invest in hotel real estate investment trusts (REITs) in 2023? Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties located in exotic locations around the world, from New York to Bali.
- 07/27/2023
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7 Speculative Stocks With Massive Upside Potential
- Speculative stocks are inherently risky, but they have the potential for significant gains in the current environment. Many investors are still entrenched in defensive stocks, and the recent stock market rally has been mainly limited to profitable companies in the hottest sectors like artificial intelligence and cloud computing.
- 06/13/2023
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Park Hotels & Resorts Inc. Announces Second Quarter 2023 Earnings Conference Call on August 3, 2023
- TYSONS, Va., June 12, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2023 after the stock market closes on August 2, 2023. Park will hold a conference call on Thursday, August 3, 2023, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 06/12/2023
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Park Hotels & Resorts makes ‘difficult, but necessary' decision stop payments on San Francisco CMBS loan
- Shares of Park Hotels & Resorts Inc. PK, +5.77% fell 0.7% in premarket trading Monday after the lodging real estate investment trust (REIT) said it made the “very difficult, but necessary” decision to stop payments on its $725 million commercial mortgage-backed security (CMBS) loan secured by two of its San Francisco hotels. The REIT said it plans to work with the loan's servicers to determine the best path, which is expected to be the eventual removal of the hotels from its portfolio.
- 06/05/2023
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4 Low Price-to-Cash Flow Stocks to Refine Your Portfolio
- Value investing is essentially about selecting stocks that are cheap but fundamentally sound. Unum Group (UNM), General Motors (GM), American International Group (AIG) and Park Hotels & Resorts (PK) boast low P/CF ratios.
- 05/23/2023
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Park Hotels & Resorts: Strong Q1 Results, Undervaluation Remains
- The company had a stellar first quarter to 2023, reporting impressive earnings. A sustainable forward dividend yield of 4.4%, which has significant room for increment.
- 05/21/2023
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Tap These 5 Bargain Stocks With Exciting EV-to-EBITDA Ratios
- We have screened bargain stocks UNM, MHO, UFPI, PK and GPI based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 05/17/2023
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Is Park Hotels & Resorts (PK) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/12/2023
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Why Unusual Options Volume for Park Hotels & Resorts Intrigues Onlookers
- While the COVID-19 crisis imposed an unprecedented headwind against the broader travel industry, optimistically aligned rumblings in the derivates market for Park Hotels & Resorts (US:PK) may bode well not just for the underlying enterprise but the sector at large.
- 05/11/2023
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Wall Street Analysts Believe Park Hotels & Resorts (PK) Could Rally 25.89%: Here's is How to Trade
- The mean of analysts' price targets for Park Hotels & Resorts (PK) points to a 25.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 05/08/2023
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Park Hotels & Resorts (PK) Tops Q1 FFO and Revenue Estimates
- Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.42 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.08 per share a year ago.
- 05/01/2023
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5 Low Price-to-Book Stocks to Add to Your Portfolio
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. Deutsche Bank (DB), General Motors (GM), Unum Group (UNM), Park Hotels & Resorts (PK) and Sterling Infrastructure (STRL) are some such stocks.
- 03/24/2023
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Park Hotels & Resorts Inc. Announces First Quarter 2023 Earnings Conference Call on May 1, 2023
- TYSONS, Va., March 23, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2023 before the stock market opens on May 1, 2023. Park will hold a conference call later that morning at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 03/23/2023
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Is Park Hotels & Resorts (PK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/23/2023
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Park Hotels & Resorts: Buy Into The Disconnect Between Market Value And NAV
- The hotel industry has survived the pandemic and, after a disastrous 2020/2021, robust travel recovery has allowed earnings to bounce back in 2022. Park Hotels & Resorts trades at a large discount to various NAV estimates and despite recession fears I see the REIT as a potential takeover target if the current discount persists.
- 03/22/2023
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Park Hotels & Resorts: Growing Dividends; Value Play
- Park Hotels & Resorts is a hospitality REIT focused on the luxury and full-service segment with a strong balance sheet. Forward dividend yield of 4.3%, with room for further growth.
- 03/02/2023
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Park Hotels & Resorts Inc. (PK) Q4 2022 Earnings Call Transcript
- Park Hotels & Resorts Inc. (NYSE:PK ) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman, President and Chief Executive Officer Sean Dell'Orto - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Floris Van Dijkum - Compass Point Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Smedes Rose - Citi Patrick Scholes - Truist Securities Aryeh Klein - BMO Capital Markets Chris Woronka - Deutsche Bank David Katz - Jefferies Robin Farley - UBS Bill Crow - Raymond James Jay Kornreich - SMBC Operator Greetings. Welcome to the Park Hotels & Resorts Inc. Fourth Quarter 2022 Earnings Conference Call.
- 02/23/2023
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Park Hotels & Resorts (PK) Q4 FFO and Revenues Beat Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 9.76% and 1.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/22/2023
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Should You Buy Park Hotels & Resorts (PK) Ahead of Earnings?
- Park Hotels & Resorts (PK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/21/2023
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Who's Checking Into Lodging REITs?
- Although Lodging REITs have not rebounded to pre-Covid levels, we thought it would be valuable to provide investors with an update. Keep in mind, we are underweight Lodging, which means that investors should maintain responsible diversification.
- 02/16/2023
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Park Hotels: I'm Betting On A Rebound With This 7% Yield
- Park Hotels & Resorts is seeing a strong recovery in hotel operating fundamentals, driven by increasing travel demand. Management has done a good job of deleveraging the balance sheet and reinstating a meaningful dividend.
- 01/31/2023
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Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2022 Earnings Conference Call on February 23, 2023
- TYSONS, Va., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2022 after the stock market closes on February 22, 2023. Park will hold a conference call on Thursday, February 23, 2023 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 01/11/2023
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7 Dividend-Paying Stocks Trading at a Discount
- Investors are rethinking their portfolio strategies after a rough 2022. That includes a reassessment of risk tolerance.
- 01/10/2023
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Park Hotels & Resorts: The Balance Sheet Doesn't Concern Me
- Park Hotels & Resorts is paying a minimal and rather symbolic dividend, which allows it to retain quite a bit of cash. The debt level does not concern me too much given the robust LTV ratios and the staggered maturity dates.
- 11/24/2022
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Park Hotels & Resorts Inc. (PK) Q3 2022 Earnings Call Transcript
- Park Hotels & Resorts Inc. (NYSE:PK ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 PM ET Company Participants Ian Weissman - Senior Vice President of Corporate Strategy Tom Baltimore - Chairman & Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Smedes Rose - Citi Dany Asad - Bank of America Dori Kesten - Wells Fargo Anthony Powell - Barclays Duane Pfennigwerth - Evercore ISI Chris Woronka - Deutsche Bank Neil Malkin - Capital One Securities Robin Farley - UBS Patrick Scholes - Truist Bill Crow - Raymond James Jay Kornreich - SMBC Chris Darling - Green Street Operator Ladies and gentlemen, greetings and welcome to the Park Hotels & Resorts Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 11/03/2022
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Park Hotels & Resorts (PK) Q3 FFO and Revenues Surpass Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 5% and 1.59%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2022
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Park Hotels & Resorts (PK) Moves to Buy: Rationale Behind the Upgrade
- Park Hotels & Resorts (PK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 10/14/2022
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Lodging REITs Witness Robust Post-Pandemic Rebound in Demand
- Lodging REITs like Host Hotels & Resorts (HST), Pebblebrook Hotel Trust (PEB) and Park Hotels & Resorts (PK) are set to gain from the recovery of the hotel industry and the upcoming holiday season.
- 10/05/2022
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3 REITs to Sell in October
- The potential for high returns and stable income streams have made real estate investment trusts, or REITs, a popular investment vehicle. However, not all REITs are created equal, especially with a potential recession hanging overhead.
- 10/01/2022
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Park Hotels & Resorts: No Expansion Possible Due To Their Large Debt Problem
- Park Hotels & Resorts' financial position has greatly improved since the corona crisis. I give Park Hotels & Resorts a sell rating because of the large amount of debt on their balance sheet.
- 09/02/2022
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1 Growth Stock That's Played Out and 1 That's Just Starting
- Hotels were a great buy during COVID-19. Now that growth story is over, and I've bought shares of a fast-grower in South America.
- 09/02/2022
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Park Hotels & Resorts Inc. Announces Third Quarter 2022 Earnings Conference Call on November 3, 2022
- TYSONS, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2022 after the stock market closes on November 2, 2022. Park will hold a conference call on Thursday, November 3, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 08/30/2022
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q2 2022 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (NYSE:PK ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President of Corporate Strategy Tom Baltimore - Chairman & Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Anthony Powell - Barclays Capital Floris Van Dijkum - Compass Point Chris Woronka - Deutsche Bank Dori Kesten - Wells Fargo Neil Malkin - Capital One Duane Pfennigwerth - Evercore ISI Robin Farley - UBS Chris Darling - Green Street Jay Kornreich - SMBC David Katz - Jefferies Operator Greetings, and welcome to the Park Hotels & Resorts Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 08/04/2022
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Park Hotels & Resorts (PK) Q2 FFO and Revenues Beat Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 24.49% and 5.11%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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6 REITs to Sell Now
- These are 6 REITs to sell now. They are not worth investing in as they have little or no income or they cannot afford their distributions, which REITs are required to make if they have income.
- 07/25/2022
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Jim Cramer gives his take on big banks' earnings
- Jim Cramer, Mad Money host, joins 'Squawk Box' to discuss his first take on Mad Money's move to NYSE and big banks' earning reports.
- 07/18/2022
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Barclays Is Betting Big on These 7 REITs
- Rising interest rates have drastically pushed down markets among other things but one asset class that tends to survive rate increases and inflationary times is real estate investment trusts, or REITs.
- 07/13/2022
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Park Hotels & Resorts (PK) Stock Jumps 5.9%: Will It Continue to Soar?
- Park Hotels & Resorts (PK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions could translate into further price increase in the near term.
- 07/08/2022
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Here's Why Park Hotels & Resorts (PK) is Poised for a Turnaround After Losing 32% in 4 Weeks
- Park Hotels & Resorts (PK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 07/07/2022
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Park Hotels (PK) Sells Seattle Hotel & San Diego JV Stake
- Park Hotels & Resorts' (PK) dispositions come as part of its aggressive capital recycling program, aimed at lowering net leverage and positioning the portfolio for sustainable long-term growth.
- 06/24/2022
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Park Hotels & Resorts Inc. Announces Second Quarter 2022 Earnings Conference Call on August 4, 2022
- TYSONS, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2022 after the stock market closes on August 3, 2022. Park will hold a conference call on Thursday, August 4, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 06/21/2022
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q1 2022 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (NYSE:PK ) Q1 2022 Earnings Conference Call May 2, 2022 11:00 AM ET Company Participants Ian Weissman - Senior Vice President, Corporate Strategy Tom Baltimore - Chairman and Chief Executive Officer Sean Dell'Orto - Chief Financial Officer Conference Call Participants Smedes Rose - Citi Floris Van Dijkum - Compass Point Anthony Powell - Barclays Capital Chris Woronka - Deutsche Bank Dany Asad - Bank of America Ari Klein - BMO Capital Markets Jay Kornreich - SMBC Bill Crow - Raymond James Stephen Grambling - Goldman Sachs Neil Malkin - Capital One Robin Farley - UBS Patrick Scholes - Truist Christopher Darling - Green Street David Katz - Jefferies Operator Greetings, and welcome to Park Hotels & Resorts' First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.
- 05/02/2022
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Park Hotels & Resorts (PK) Q1 FFO and Revenues Beat Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 900% and 14.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/02/2022
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Why Hotel Stocks Jumped This Week
- Hotels are hot despite inflation picking up.
- 04/15/2022
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Park Hotels & Resorts Inc. Announces First Quarter 2022 Earnings Conference Call on May 2, 2022
- TYSONS, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2022 before the stock market opens on May 2, 2022. Park will hold a conference call later that morning at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.
- 03/23/2022
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Park Hotels & Resorts: Calm After The Storm
- Park Hotel & Resorts manages a diverse portfolio of hotels and resorts and is the second-largest publicly traded lodging REIT in the United States.
- 03/22/2022
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Park Hotels & Resorts REIT reinstates dividend amid 'broad-based recovery' in demand
- Park Hotels & Resorts Inc. PK, +0.59% said Friday it was reinstating a dividend, as the real estate investment trust focusing on hotels and resorts said it has seen a "broad-based recovery" in demand in February. The company said it will pay a quarterly dividend of 1 cent a share on April 15 to shareholders of record on March 31.
- 03/11/2022
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Park Hotels & Resorts Inc.'s (PK) CEO Tom Baltimore on Q4 2021 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc.'s (PK) CEO Tom Baltimore on Q4 2021 Results - Earnings Call Transcript
- 02/18/2022
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4 Stocks to Buy for Stellar Earnings Acceleration
- Invest in Eldorado Gold (EGO), PattersonUTI Energy (PTEN), UBS & Park Hotels & Resorts (PK) on their superb earnings acceleration.
- 01/11/2022
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Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2021 Earnings Conference Call on February 18, 2022
- TYSONS, Va., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2021 after the stock market closes on Thursday, February 17, 2022. Park will hold a conference call on Friday, February 18, 2022 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results and current operational environment.
- 01/10/2022
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Hotel REITs: Unfazed By Omicron
- It's been a 'Tale of Two Americas' of late for the hotel industry. Several markets and categories continue to report severely depressed demand while others are seeing record-high occupancy rates.
- 12/29/2021
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For Travel Stocks, the Flight Has Been Delayed—Again
- Travel and leisure stocks, pounded by fears of Covid-19 for nearly two years, may not fare much better in the first part of 2022.
- 12/17/2021
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Why Norwegian Cruise, Las Vegas Sands, and Park Hotels Stocks All Popped Today
- It's an economic reopening story -- but the plot is kind of hard to follow.
- 12/06/2021
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Airline, Cruise, Resort Stocks Tank Big On Covid-19 Variant News
- Omicron is the name of the new Covid-19 variant identified by the World Health Organization and new travel restrictions are already going into effect.
- 11/26/2021
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Travel industry prepare for boom as US lifts travel restrictions
- As the U.S. eases international travel restrictions for 33 countries, Yahoo Finance's Emily McCormick, Brian Sozzi, and Julie Hyman discuss how hotels, airlines, ride-sharing companies, and retail can benefit from the pent-up demand. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube: https://youtu.be/gx-OzwHpM9k
- 11/08/2021
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2021 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2021 Results - Earnings Call Transcript
- 11/04/2021
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Small And Midcap Travel Turnarounds
- Small and midcap travel stocks have lagged larger mainstream travel companies by as much as -20% through October 2021.
- 11/02/2021
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5 of the Fastest-Growing Stocks On the Planet
- Carvana had 198% revenue growth in its most recent quarter. And that's too slow for this list.
- 10/16/2021
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Park Hotels & Resorts (PK) Sees Hammer Chart Pattern: Time to Buy?
- Park Hotels & Resorts (PK) has been struggling lately, but the selling pressure may be coming to an end soon.
- 10/15/2021
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Park Hotels & Resorts: Further Potential Upside Ahead
- Park Hotels & Resorts has seen a strong recovery across its portfolio, particularly across its Hawaiian resorts.
- 09/24/2021
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Park Hotels & Resorts Inc. Announces Third Quarter 2021 Earnings Conference Call on November 4, 2021
- TYSONS, Va., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2021 after the stock market closes on Wednesday, November 3, 2021. Park will hold a conference call on Thursday, November 4, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 09/20/2021
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Park Hotels & Resorts Completes the Sale of the Le Meridien San Francisco and Provides an Update on Operating Trends and Liquidity
- TYSONS, Va., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it completed the previously announced sale of the Le Meridien San Francisco. The Company also provided an operational and liquidity update.
- 09/07/2021
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q2 2021 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q2 2021 Results - Earnings Call Transcript
- 08/06/2021
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Park Hotels & Resorts (PK) Reports Q2 Loss, Tops Revenue Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 40.74% and 24.74%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/05/2021
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Park Hotels & Resorts: Keep An Eye On This One
- Park Hotels & Resorts has had a lot of pain recently thanks to the COVID-19 pandemic. The company certainly could benefit from a turnaround in the space, but this year is proving to be a challenge as well.
- 07/22/2021
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Park Hotels & Resorts Executes Definitive Contracts to Sell Two of Its San Francisco Hotels and Provides an Update on Hotel Reopenings and Operating Trends
- TYSONS, Va., July 13, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio, Autograph Collection (San Francisco, CA) for total proceeds of $303.5 million, or an average sale price of approximately $572,000 per key. When adjusted for Park's anticipated capital expenditures (“capex”), the blended sale price represents a 6.1% capitalization rate on 2019 net operating income (6.7% excluding capex), or 14.4x 2019 EBITDA (13.2x excluding capex). Management currently expects each of the transactions to close within the next 60 days.
- 07/13/2021
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Park Hotels & Resorts Inc. Completes the Sale of the Hotel Indigo San Diego Gaslamp Quarter and Courtyard Washington Capitol Hill Navy Yard
- TYSONS, Va., June 30, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, for combined gross proceeds of $149 million, or approximately $360,000 per key. When adjusted for Park's anticipated capital expenditures (“capex”), the sale price represents a 7.0% capitalization rate on 2019 net operating income (7.4% excluding capex), or 12.8x 2019 EBITDA (12.2x excluding capex). Proceeds from the sale will be used to fully repay debt currently outstanding on the Company's revolving credit facility and partially repay debt currently outstanding on its one remaining bank term loan.
- 06/30/2021
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Park Hotels & Resorts Inc. Announces Second Quarter 2021 Earnings Conference Call on August 6, 2021
- TYSONS, Va., June 21, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the second quarter 2021 after the stock market closes on Thursday, August 5, 2021. Park will hold a conference call on Friday, August 6, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 06/21/2021
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Park Hotels provides business update amid as leisure demand trends accelerate
- Park Hotels & Resorts Inc. said Tuesday it has increased the number of its hotels that are open to 55, or 93% of its total of 59 hotels, and 86% of its total room count. The hotel operator's stock was still inactive in premarket trading.
- 06/08/2021
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Park Hotels & Resorts Provides Business Update
- TYSONS, Va., June 08, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today provided an operational and liquidity update.
- 06/08/2021
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Park Hotels & Resorts Inc. Announces Closing of $750 Million of 4.875% Senior Secured Notes Due 2029
- TYSONS, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), completed the previously announced offering of $750 million aggregate principal amount of 4.875% senior secured notes due 2029 (the “Notes”). The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029. The Notes are guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior secured notes due 2025 and 2028. The Notes are secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Company's senior credit facilities and existing senior secured notes due 2025 and 2028 on a first priority basis.
- 05/14/2021
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Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering
- TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), priced an offering of $750 million aggregate principal amount of 4.875% senior secured notes due 2029 (the “Notes”) at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 4.875% per year, and will mature on May 15, 2029. The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior secured notes due 2025 and 2028. The Notes will be secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Company's senior credit facilities and existing senior secured notes due 2025 and 2028 on a first priority basis.
- 05/11/2021
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Park Hotels & Resorts Inc. Announces Senior Secured Notes Offering
- TYSONS, Va., May 11, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), intend to offer $650 million aggregate principal amount of senior secured notes due 2029 (the “Notes”). The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company's senior credit facilities and existing senior secured notes due 2025 and 2028. The Issuers intend to use the proceeds of the offering to repay a portion of the amounts outstanding under the Company's revolving credit facility and to repay a portion of the Company's term loan facility entered into in 2019 and maturing in August 2024.
- 05/11/2021
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Park Hotels & Resorts Executes Definitive Contract to Sell two Hotels for $149 Million; Proceeds to be Used to Further Reduce Leverage
- TYSONS, Va., May 10, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has entered into a definitive contract to sell two assets for combined gross proceeds of $149.0 million, or approximately $360,000 per key. The hotels, the 210-room Hotel Indigo San Diego Gaslamp Quarter in San Diego, CA and the 204-room Courtyard Washington Capitol Hill Navy Yard in Washington, DC, were both acquired in September 2019 as part of Park's acquisition by merger of Chesapeake Lodging Trust.
- 05/10/2021
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q1 2021 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q1 2021 Results - Earnings Call Transcript
- 05/07/2021
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Park Hotels & Resorts (PK) Reports Q1 Loss, Tops Revenue Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 11.11% and 9.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/06/2021
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5 Must-See Travel Earnings Charts
- The travel stocks have soared over the last year as the Street has priced in the reopen. What's next?
- 05/03/2021
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Park Hotels & Resorts: A Giant Stuck In The Mud
- Revenue experienced 70% contraction from the US$2,816 million of 2019 to US$852 million of FY2020. The dividend payment was suspended after its distribution in the first quarter, with it being funded by drawing upon its US$1 billion revolving credit facility.
- 04/25/2021
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Park Hotels & Resorts Announces the Sale of the W New Orleans – French Quarter and Provides an Update on Hotel Reopenings and Operating Trends
- TYSONS, Va., April 23, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) today announced that it has closed on the sale of the 97-room W New Orleans – French Quarter (the “Hotel”) located in New Orleans, LA, for gross proceeds of approximately $24.1 million, or $249,000 per key. When adjusted for Park's anticipated capital expenditures (“capex”), the sale price represents a 4.3% capitalization rate on the Hotel's 2019 net operating income (5.8% excluding capex), or 17.9x the Hotel's 2019 EBITDA (13.3x excluding capex). Proceeds from the sale will be used to repay debt.
- 04/23/2021
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Park Hotels & Resorts: It's Not Too Late To 'Book' Hotel Stocks For Your Account
- Park Hotels & Resorts: It's Not Too Late To 'Book' Hotel Stocks For Your Account
- 04/23/2021
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Park Hotels & Resorts Announces Four Hotels Achieved ENERGY STAR® Certification for Superior Energy Performance in 2020
- TYSONS, Va., April 22, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that four of its hotels: Hilton Seattle Airport and Conference Center, Hilton Santa Barbara Beachfront Resort, DoubleTree Ontario Airport and Le Meridien San Francisco have earned the U.S. Environmental Protection Agency's (EPA) 2020 ENERGY STAR certification for superior energy performance. Only 26 hotels nationwide earned the prestigious ENERGY STAR certification in 2020.
- 04/22/2021
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Important Update For REIT Investors
- After the recent recovery, the REIT market is filled with mispricings. Some REIT sectors have become overpriced while others continue to present attractive opportunities.
- 04/20/2021
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Park Hotels & Resorts Inc. Announces First Quarter 2021 Earnings Conference Call on May 7, 2021
- TYSONS, Va., March 26, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2021 after the stock market closes on Thursday, May 6, 2021. Park will hold a conference call on Friday, May 7, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
- 03/26/2021
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q4 2020 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q4 2020 Results - Earnings Call Transcript
- 02/26/2021
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Park Hotels & Resorts (PK) Reports Q4 Loss, Lags Revenue Estimates
- Park Hotels & Resorts (PK) delivered FFO and revenue surprises of 8.62% and -16.09%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/25/2021
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2020 Results
- TYSONS, Va., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2020 and an operational update on COVID-19.
- 02/25/2021
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Investors eye shares of hotels, cruise lines as U.S. vaccinations pick up
- Investors are watching next week's earnings reports from hotels, cruise lines and other businesses that have been hard hit by COVID-19 for indications of which companies could be the first to bounce back when the pandemic recedes.
- 02/12/2021
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Top Stocks To Short Today As Markets Cool Off After Hitting Records
- Market euphoria thanks to President Biden appears to have cooled off for now. After the S&P and Nasdaq hit more closing records yesterday, while the Dow hit an intraday record.
- 01/22/2021
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Park Hotels & Resorts Announces Tax Treatment of 2020 Dividends
- TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2020 cash distributions on its Common Stock.
- 01/15/2021
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Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2020 Earnings Conference Call on February 26, 2021
- TYSONS, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the fourth quarter and full year 2020 after the stock market closes on Thursday, February 25, 2021. Park will hold a conference call on Friday, February 26, 2021 at 12:00 p.m. Eastern Time (ET) to discuss its earnings results and outlook for 2021.
- 01/14/2021
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It Is Not The Time To Invest In Park Hotels & Resorts. Yet
- I bought shares in the company in 2019 and sold them after the dividend was suspended. The company had to deal with circumstances where nothing it would do will allow it to maintain the dividend.
- 01/12/2021
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If corporate travel is delayed, estimates need to be lowered: Analyst
- Patrick Scholes of Truist joins CNBC's Kelly Evans to break down why recovery in corporate travel is crucial for the sector overall. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis.
- 01/04/2021
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Implied Volatility Surging for Park Hotels & Resorts (PK) Stock Options
- Investors need to pay close attention to Park Hotels & Resorts (PK) stock based on the movements in the options market lately.
- 12/30/2020
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7 Travel Stocks That May Have More Downside Ahead
- Consumer sentiment appears to be getting better, which may lull you into buying travel stocks. However, investors should be careful.
- 12/07/2020
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Axon Capital's Singh sees vaccine boosting travel, entertainment stocks
- Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services during the pandemic, hedge fund manager Dinakar Singh said.
- 12/01/2020
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This Will Be Worst Year Ever for Hotels, Says AHLA's Rogers
- Nov.25 -- Chip Rogers, American Hotel and Lodging Association chief executive officer, says hotels may not see a rebound begin until April of next year. He speaks on "Balance of Power.
- 11/25/2020
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Thanksgiving travel seeing 'biggest decline' since 2008 recession: AAA
- Paula Twidale, senior vice president-travel for AAA, on what to expect for Thanksgiving travel amid the coronavirus pandemic. Subscribe to Fox Business!
- 11/25/2020
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Markets Set To Drop After Furious Rally-Top Shorts Today
- After more positive vaccine-related news fueled another market surge yesterday, the Dow sharply dropped after poorer than expected retail sales data came in for the month of October. Our deep learning algorithms have crunched the data to give you a set of Top Shorts.
- 11/17/2020
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Travel stocks rally after Moderna's vaccine progress lifts hopes for near-term reopening
- Airline, hotel, and cruise stocks surged in early Monday trading as Moderna's encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic. The biotech company announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in a preliminary analysis. The update comes one week after Pfizer and BioNTech revealed similarly positive results from early trials of their own vaccine. While both candidates still need to receive approval from the US Food and Drug Administration, their supposed effectiveness suggests a nationwide rollout could come in 2021.
- 11/16/2020
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Why Marriott International, Park Hotels, and Expedia Stocks All Popped on Today's Vaccine News
- Pfizer's vaccine announcement gives new life to the travel sector.
- 11/09/2020
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Airline, hotel, and travel stocks poised for Monday rally on Pfizer vaccine news
- Everything's up in the air right now. Health experts have long warned us not to get too excited about vaccine trials before the full range of data can be examined, but investors in the travel industry are doing just that.
- 11/09/2020
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Park Hotels & Resorts: Don't Check-In Just Yet
- Park Hotels & Resorts has seen a sequential improvement in its latest Q3 operating performance. I see continued improvement in Q4, but the road to profitability will be challenging.
- 11/08/2020
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2020 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2020 Results - Earnings Call Transcript
- 11/06/2020
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Insider View: When Will The Hotel Industry Recover?
- The Covid-19 pandemic has wreaked havoc on the hotel industry. Thom Geshay, president of Davidson Hotels & Resorts, shares predictions of what it will take, and when, for a full recovery.
- 10/28/2020
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Why Travel Stocks Popped on Wednesday
- Good vaccine news could help the travel industry recover in 2020.
- 07/15/2020
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10 Stocks to Buy for Your Income-Generating Portfolio
- Warren Buffett likes bank stocks. Of Berkshire Hathaway’s (NYSE:BRK.A, NYSE:BRK.B) top 10 equity holdings, four are bank stocks; six, if you include American Express (NYSE:AXP) and Goldman Sachs (NYSE:GS).
- 06/24/2020
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Notable Insider Buys Last Week: Cigna, Fox, Uber And More
- Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit from.
- 06/20/2020
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Retail and Hospitality REITs Are Getting Crushed Today
- The implications of COVID-19 affecting the economy for a long time are becoming more apparent.
- 06/11/2020
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Why MGM Resorts, Park Hotels & Resorts, and Marriott Stocks All Dropped Today
- The Nasdaq just hit a record high, and the S&P is up for the year. So we're all good, right?
- 06/09/2020
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Why Granite Point Mortgage, Park Hotels & Resorts, and Macerich All Rose (Again) Today
- There's been a big mood shift on Wall Street in the property space. Investors need to tread carefully.
- 06/08/2020
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Why Park Hotels & Resorts Stock Is Trading Higher Today
- Park Hotels & Resorts (NYSE: PK) shares are trading higher on Monday after Raymond James upgraded the company's stock from Market Perform to Outperform and announced a $16 price target.
- 06/08/2020
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Why Hotel REITs Pebblebrook, DiamondRock, and Park Hotels & Resorts Took Off Today
- Investors are changing their minds about this struggling real estate niche. Here's why, and why it's still too soon to call an all-clear.
- 06/05/2020
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Hotel REITs: Is There Really No Good News?
- Wall Street has crushed hotel landlords, and for very good reason. Even though things are improving, they're still pretty bad.
- 06/02/2020
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Why Shares of Red Rock Resorts, Park Hotels, and Six Flags All Jumped Tuesday Morning
- Although all in different businesses, these companies and their consumer-discretionary peers share one thing in common, other than big price gains.
- 05/26/2020
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Hotel REIT Dividends Get Slammed
- The COVID-19 crisis has been brutal for hotel landlords. Even if the coronavirus wasn't predictable, the outcome was.
- 05/22/2020
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Here's Why Park Hotels, Ryman Hospitality Properties, and Host Hotels Are Soaring on Monday
- Hotel stocks, especially those with large, iconic properties, are one of the best-performing parts of the market.
- 05/18/2020
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Why Hotel REITs Like Pebblebrook, DiamondRock, and Park Hotels & Resorts Tanked Today
- A rough earnings season is behind this trio, but the future is the real problem now.
- 05/13/2020
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Park Hotels & Resorts, Inc. (PK) CEO Thomas Baltimore on Q1 2020 Results - Earnings Call Transcript
- Park Hotels & Resorts, Inc. (PK) CEO Thomas Baltimore on Q1 2020 Results - Earnings Call Transcript
- 05/11/2020
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Why Park Hotels & Resorts Stock Fell 10% in the First Hour Monday
- The REIT reported earnings, and they didn't please investors one bit.
- 05/11/2020
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Park Hotels Resorts Inc (PK) Lags Q1 FFO and Revenue Estimates
- Park Hotels Resorts Inc (PK) delivered FFO and revenue surprises of -31.43% and -0.06%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/11/2020
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Park Hotels (PK) to Report Q1 Earnings: What's in Store?
- Park Hotels' (PK) Q1 results to reflect adverse impact of the coronavirus pandemic with reduced travel demand and substantial increase in the number of corporate group cancellations.
- 05/08/2020
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Why Park Hotels & Resorts Jumped 20% in April
- This high-end hotel operator had a great April, but that's really not saying much when you look at the big picture.
- 05/06/2020
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2 Small-Cap Stocks With Big-Cap Potential
- Here's why Park Hotels & Resorts and Virgin Galactic are strong buys right now.
- 05/05/2020
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Why Hotel Stocks Are Surging Today
- Will Gilead's new drug reopen America for business -- and hotel stays?
- 04/29/2020
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Is the Options Market Predicting a Spike in Park Hotels & Resorts (PK) Stock?
- Investors need to pay close attention to Park Hotels & Resorts (PK) stock based on the movements in the options market lately
- 04/22/2020
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Why Hyatt, Marriott, and Park Hotels Stocks Are Sinking Today
- A deep recession won't be good for business.
- 04/03/2020
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About to Buy Penny Stocks ? Look at These 3 Companies First
- Here are three stocks that are all down over 60% thanks to COVID-19. Will they bounce back?
- 03/30/2020
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Park Hotels & Resorts (PK) Surges: Stock Moves 10% Higher
- Park Hotels & Resorts (PK) saw a big move last session, as its shares jumped more than 10% on the day, amid huge volumes.
- 03/23/2020
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Implied Volatility Surging for Park Hotels (PK) Stock Options
- Investors need to pay close attention to Park Hotels (PK) stock based on the movements in the options market lately.
- 03/17/2020
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Why Hotel and Casino REITs Got Crushed Yesterday
- REITs may not be a safe space if the coronavirus outbreak continues.
- 03/17/2020
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7 Services Stocks to Buy on Coronavirus Weakness
- Flying, much like taking the subway to work, is a giant moving petri dish of germs and unhealthiness. It’s not surprising that airline stocks as a group have lost 14.8% in the past week with American Airlines (NASDAQ:AAL) leading the pack.
- 03/09/2020
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Coronavirus-Led Mass Cancellations Hit Hotel REITs Hard
- Lodging REITs have been particularly affected due to massive cancellations by both businesses and vacationers amid the coronavirus outbreak.
- 03/06/2020
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5 Top Stocks with Dividend Yields Over 5%
- Who isn't looking for income? With the Fed cutting rates again, cash in the bank is returning almost nothing.
- 03/04/2020
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5 Top Stocks with Dividend Yields Over 5%
- Who isn't looking for income? With the Fed cutting rates again, cash in the bank is returning almost nothing.
- 03/04/2020
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q4 2019 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q4 2019 Results - Earnings Call Transcript
- 02/27/2020
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5 High-Yielding REIT Sectors, Four To Own And One To Avoid
- 5 High-Yielding REIT Sectors, Four To Own And One To Avoid
- 02/27/2020
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Park Hotels & Resorts Inc. (PK) Q4 FFO and Revenues Beat Estimates
- Park Hotels & Resorts Inc. (PK) delivered FFO and revenue surprises of 4.35% and 3.38%, respectively, for the quarter ended December 2019.
- 02/26/2020
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8 Dividend Picks With at Least 8% Yields and Projected Upside for 2020
- It may sound old to read that investors love dividends. That is something the public is just going to have to learn to deal with.
- 02/13/2020
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Dividend Opportunities in Real Estate Sector
- Income-oriented investors should keep an eye on Macerich, Park Hotels & Resorts, and Ventas.
- 02/03/2020
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A Realistic Look At Whether Park Hotels & Resorts' 9.4% Dividend Yield Is Affordable
- A Realistic Look At Whether Park Hotels & Resorts' 9.4% Dividend Yield Is Affordable
- 01/25/2020
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7 Lucky High-Yielding REITs For 2020
- 7 Lucky High-Yielding REITs For 2020
- 01/20/2020
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Retire Rich With REITs... 2.0
- Retire Rich With REITs... 2.0
- 01/09/2020
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The Top 10 REIT SWAN-A-Bees For 2020
- The Top 10 REIT SWAN-A-Bees For 2020
- 01/01/2020
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Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2019 Results - Earnings Call Transcript
- Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2019 Results - Earnings Call Transcript
- 11/07/2019
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3 High Yielding REITs Poised To Profit
- There must be more than one catalyst that drives this strong buy conviction, and oftentimes there’s a large dose of sentiment going the opposite direction.
- 10/28/2019
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You Better Buy Park Hotels & Resorts Before You Pass Go
- Park focuses on owning hotels and resorts in the luxury and upper upscale segments.
- 10/24/2019
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Park Hotels & Resorts' (PK) CEO Tom Baltimore on Q2 2019 Results - Earnings Call Transcript
- Park Hotels & Resorts' (PK) CEO Tom Baltimore on Q2 2019 Results - Earnings Call Transcript
- 08/01/2019
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Park Hotels & Resorts Inc. (PK) Q2 FFO Miss Estimates
- Park Hotels & Resorts Inc. (PK) delivered FFO and revenue surprises of -3.57% and 1.53%, respectively, for the quarter ended June 2019.
- 07/31/2019
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10 Stocks to Buy for Less Than Book
- It's hard to find stocks to buy trading for less than book since the S&P 500's 20% year to date gain. Here are 10 worth considering.
- 07/11/2019
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4 Cheap Stocks Selling Below Book Value: NYSE-Traded And Dividend-Paying
- These stocks are the kind that Warren Buffett's mentor at Columbia University, Benjamin Graham, wrote about in his investment valuation classics, Security Analysis and The Intelligent Investor.
- 07/06/2019
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Park Hotels (PK) Sheds Non-Core Assets Worth $166 Million
- Park Hotels & Resorts' (PK) shedding of non-core assets for $166 million comes as part of its capital-recycling efforts, helping substantially lower the company's leverage ahead of its proposed merger.
- 06/27/2019
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Park Hotels & Resorts, Inc. (PK) CEO Tom Baltimore on Q1 2019 Results - Earnings Call Transcript
- Park Hotels & Resorts, Inc. (PK) CEO Tom Baltimore on Q1 2019 Results - Earnings Call Transcript
- 05/09/2019
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Should You Buy Park Hotels (PK) Ahead of Earnings?
- Park Hotels (PK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 05/07/2019
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Park Hotels To Buy Out Chesapeake Lodging With 'Laser Focus' On Value Creation
- The hotel real estate investment trusts Park Hotels & Resorts and Chesapeake Lodging Trust announced a $2.7-billion merger Monday.
- 05/06/2019
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Park Hotels & Resorts Inc. (PK) Lags Q1 FFO and Revenue Estimates
- Park Hotels & Resorts Inc. (PK) delivered FFO and revenue surprises of -2.90% and -0.30%, respectively, for the quarter ended March 2019.
- 05/06/2019
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Park Hotels to acquire Chesapeake Lodging in $2.7 billion cash-and-stock deal
- Park Hotels & Resorts Inc. said Monday it has entered an agreement to acquire Chesapeake Lodging Trust in a cash-and-stock deal valued at about $2.7 billion.
- 05/06/2019
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REITS Providing Above-Average Dividends: Park Hotels & Resorts Inc.
- Three REITS providing above-average dividends for investors.
- 04/08/2019
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