park hotels & resorts inc. (nyse: pk) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. the company’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime u.s. and international markets with high barriers to entry. for additional information, please visit the company's website at www.pkhotelsandresorts.com.
Company profile
Ticker
PK
Exchange
Website
CEO
Thomas Baltimore
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Hilton Worldwide, Inc.
SEC CIK
Corporate docs
Subsidiaries
American Plaza Parking LLC • A-R HHC Orlando Convention Hotel Member, LLC • A-R HHC Orlando Convention Hotel Mezz, LLC • A-R HHC Orlando Convention Hotel, LLC • A-R HHC Orlando New Parcel Owner, LLC • Ashford HHC Partners III LP • Austin Lessee LLC • Bonnet Creek Equity Holdings LLC • Bonnet Creek Hilton Lessee LLC • Boston Airport Lessee LLC ...
PK stock data
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
11 Mar 24
DEFA14A
Additional proxy soliciting materials
8 Mar 24
DEF 14A
Definitive proxy
8 Mar 24
ARS
2023 FY
Annual report to shareholders
6 Mar 24
PRE 14A
Preliminary proxy
28 Feb 24
10-K
2023 FY
Annual report
28 Feb 24
8-K/A
Results of Operations and Financial Condition
27 Feb 24
8-K
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results
27 Feb 24
8-K
Results of Operations and Financial Condition
22 Jan 24
8-K
Departure of Directors or Certain Officers
16 Jan 24
Transcripts
PK
Earnings call transcript
2023 Q4
28 Feb 24
PK
Earnings call transcript
2023 Q3
2 Nov 23
PK
Earnings call transcript
2023 Q2
3 Aug 23
PK
Earnings call transcript
2023 Q1
1 May 23
PK
Earnings call transcript
2022 Q4
23 Feb 23
PK
Earnings call transcript
2022 Q3
3 Nov 22
PK
Earnings call transcript
2022 Q2
4 Aug 22
PK
Earnings call transcript
2022 Q1
2 May 22
PK
Earnings call transcript
2021 Q4
18 Feb 22
PK
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 786.00 mm | 786.00 mm | 786.00 mm | 786.00 mm | 786.00 mm | 786.00 mm |
Cash burn (monthly) | 18.67 mm | 17.83 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 111.29 mm | 106.32 mm | n/a | n/a | n/a | n/a |
Cash remaining | 674.71 mm | 679.68 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 36.1 | 38.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
94.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 307 |
Opened positions | 31 |
Closed positions | 39 |
Increased positions | 103 |
Reduced positions | 131 |
13F shares | Current |
---|---|
Total value | 2.42 tn |
Total shares | 197.95 mm |
Total puts | 198.10 k |
Total calls | 56.30 k |
Total put/call ratio | 3.5 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 33.11 mm | $407.91 bn |
BLK Blackrock | 28.78 mm | $354.63 bn |
STT State Street | 12.55 mm | $156.37 bn |
GS Goldman Sachs | 10.16 mm | $125.23 bn |
Northwood Liquid Management | 6.83 mm | $84.21 bn |
Donald Smith & Co. | 4.80 mm | $59.15 bn |
Balyasny Asset Management | 4.71 mm | $58.05 bn |
JPM JPMorgan Chase & Co. | 3.73 mm | $45.89 bn |
Geode Capital Management | 3.68 mm | $45.36 bn |
Cbre Clarion Securities | 3.50 mm | $43.09 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Terri D. McClements | Common Stock | Grant | Acquire A | No | No | 0 | 991 | 0.00 | 3,398 |
22 Mar 24 | Thomas A Natelli | Common Stock | Grant | Acquire A | No | No | 0 | 1,339 | 0.00 | 172,061 |
22 Mar 24 | Bedient Patricia M | Common Stock | Grant | Acquire A | No | No | 0 | 1,339 | 0.00 | 99,657 |
22 Mar 24 | Timothy J Naughton | Common Stock | Grant | Acquire A | No | No | 0 | 1,515 | 0.00 | 104,934 |
22 Mar 24 | Stephen I Sadove | Common Stock | Grant | Acquire A | No | No | 0 | 1,832 | 0.00 | 50,853 |
News
Citigroup Upgrades Park Hotels & Resorts to Buy, Raises Price Target to $20
22 Mar 24
Deep Dive Into Park Hotels & Resorts Stock: Analyst Perspectives (6 Ratings)
21 Mar 24
Wells Fargo Maintains Equal-Weight on Park Hotels & Resorts, Raises Price Target to $18
21 Mar 24
Truist Securities Maintains Buy on Park Hotels & Resorts, Raises Price Target to $21
14 Mar 24
Deutsche Bank Maintains Buy on Park Hotels & Resorts, Raises Price Target to $24
12 Mar 24
Press releases
Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award
26 Mar 24
Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024
18 Mar 24
Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2023 Results and Announces First Quarter Dividend of $0.25 Per Share
27 Feb 24
Park Hotels & Resorts Provides Preliminary Q4 2023 and Full-Year 2023 Results
22 Jan 24
Park Hotels & Resorts Announces Tax Treatment of 2023 Dividends
16 Jan 24