Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.
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
Analyst ratings and price targets
Current price
Average target
$15.25
Low target
$14.00
High target
$17.00
Wells Fargo
Maintains
$17.00
Citigroup
Maintains
$15.00
Morgan Stanley
Maintains
$14.00
Barclays
Maintains
$15.00
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
1 Dec 22
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Park Hotels & Resorts Inc. Reports Third Quarter 2022 Results
2 Nov 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
8-K
Park Hotels & Resorts Inc. Reports Second Quarter 2022 Results
3 Aug 22
10-Q
2022 Q1
Quarterly report
2 May 22
8-K
Park Hotels & Resorts Inc. Reports First Quarter 2022 Results
2 May 22
8-K
Submission of Matters to a Vote of Security Holders
28 Apr 22
DEFA14A
Additional proxy soliciting materials
15 Apr 22
DEFA14A
Additional proxy soliciting materials
16 Mar 22
Transcripts
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
PK
Earnings call transcript
2021 Q2
6 Aug 21
PK
Earnings call transcript
2021 Q1
7 May 21
PK
Earnings call transcript
2020 Q4
26 Feb 21
PK
Earnings call transcript
2020 Q4
26 Feb 21
PK
Earnings call transcript
2020 Q3
6 Nov 20
PK
Earnings call transcript
2020 Q2
6 Aug 20
Latest ownership filings
SC 13G
STATE STREET CORP
3 Feb 23
SC 13G/A
BlackRock Inc.
23 Jan 23
4
TIMOTHY J NAUGHTON
23 Dec 22
4
THOMAS A NATELLI
23 Dec 22
4
STEPHEN I SADOVE
23 Dec 22
4
Christie B. Kelly
23 Dec 22
4
Patricia M Bedient
23 Dec 22
4
Geoffrey Garrett
20 Dec 22
4
THOMAS A NATELLI
27 Sep 22
4
STEPHEN I SADOVE
27 Sep 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
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Institutional ownership, Q3 2022
83.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 301 |
| Opened positions | 39 |
| Closed positions | 40 |
| Increased positions | 102 |
| Reduced positions | 112 |
| 13F shares | Current |
|---|---|
| Total value | 2.12 bn |
| Total shares | 188.50 mm |
| Total puts | 598.70 k |
| Total calls | 458.90 k |
| Total put/call ratio | 1.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 31.92 mm | $359.44 mm |
| BLK Blackrock | 28.48 mm | $320.64 mm |
| PGGM Investments | 7.60 mm | $85.54 mm |
| Northwood Liquid Management | 6.59 mm | $74.24 mm |
| Vulcan Value Partners | 5.50 mm | $61.98 mm |
| JPM JPMorgan Chase & Co. | 5.50 mm | $61.95 mm |
| GS Goldman Sachs | 4.65 mm | $52.36 mm |
| Cbre Clarion Securities | 3.71 mm | $41.75 mm |
| Centersquare Investment Management | 3.67 mm | $41.29 mm |
| Geode Capital Management | 3.42 mm | $38.55 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Dec 22 | Kelly Christie B. | Common Stock | Grant | Acquire A | No | No | 0 | 2,527 | 0.00 | 84,467 |
| 22 Dec 22 | Bedient Patricia M | Common Stock | Grant | Acquire A | No | No | 0 | 2,134 | 0.00 | 78,695 |
| 22 Dec 22 | Stephen I Sadove | Common Stock | Grant | Acquire A | No | No | 0 | 2,920 | 0.00 | 26,655 |
| 22 Dec 22 | Timothy J Naughton | Common Stock | Grant | Acquire A | No | No | 0 | 2,414 | 0.00 | 82,815 |
| 22 Dec 22 | Thomas A Natelli | Common Stock | Grant | Acquire A | No | No | 0 | 2,134 | 0.00 | 151,099 |
News
Wells Fargo Maintains Overweight on Park Hotels & Resorts, Raises Price Target to $17
2 Feb 23
Expert Ratings for Park Hotels & Resorts
1 Feb 23
Citigroup Maintains Neutral on Park Hotels & Resorts, Raises Price Target to $15
1 Feb 23
These 2 REITs Have Strong Positive Price Action
31 Jan 23
Morgan Stanley Maintains Equal-Weight on Park Hotels & Resorts, Lowers Price Target to $14
18 Jan 23
Press releases
Park Hotels & Resorts Inc. Announces Sale of Hilton Miami Airport
2 Feb 23
Park Hotels & Resorts Inc. Announces Tax Treatment of 2022 Dividends
17 Jan 23
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Announces Recent ESG Recognitions
12 Jan 23
Park Hotels & Resorts Inc. Announces Fourth Quarter and Full Year 2022 Earnings Conference Call on February 23, 2023
11 Jan 23
Park Hotels & Resorts Inc. Provides Update on Recent Operating Trends and Capital Allocation Activity
22 Dec 22