Park Hotels & Resorts(PK)
Search documents
Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields - Brandywine Realty Tr (NYSE:BDN), Park Hotels & Resorts (NYSE:PK)
Benzinga· 2026-01-23 12:26
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.Below are the ratings of the most accurate analysts for three high-yield ...
Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Provides Update on Corporate Responsibility Achievements
Businesswire· 2026-01-07 21:18
Core Insights - Park Hotels & Resorts Inc. has released its annual Corporate Responsibility (CR) Report, emphasizing its commitment to responsible risk management, environmental stewardship, and social responsibility initiatives for 2024 [1][2] Group 1: Corporate Responsibility Initiatives - The company achieved a Prime rating from ISS ESG Corporate Rating and was recognized by Newsweek in 2025 as one of America's Greatest Companies, Most Responsible Companies, Most Trustworthy Companies, and World's Most Trustworthy Companies [1][2] - Park's first hotel LEED certification was obtained from the renovation of Tapa Tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, HI in 2025 [1] Group 2: Environmental and Risk Management Practices - The company enhanced its environmental data practices, achieving limited assurance of its environmental data for both 2024 and its 2019 baseline [2] - Park's GRESB Real Estate Assessment score increased by six points to 87 in 2025, ranking in the top 17% of all publicly listed GRESB participant companies in the Americas [3] Group 3: Future Goals and Frameworks - The CR Report aligns with various global frameworks, including TCFD, SASB, UN Sustainable Development Goals, and Global Reporting Initiative [2] - Future initiatives include the potential for additional LEED certifications and the planned integration of Park's first solar PV panel project at Hilton Waikoloa Village in Hawaii [2]
Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields
Benzinga· 2026-01-07 12:45
Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Company Ratings and Analyst Insights - Brandywine Realty Trust (NYSE: BDN) has a dividend yield of 10.63%. Keybanc analyst Todd Thomas downgraded the stock from Overweight to Sector Weight on Dec. 4, 2025, with an accuracy rate of 56%. JP Morgan analyst Anthony Paolone downgraded it from Neutral to Underweight on Nov. 24, 2025, with an accuracy rate of 64% [6] - Park Hotels & Resorts Inc (NYSE: PK) has a dividend yield of 9.23%. Truist Securities analyst Patrick Scholes maintained a Hold rating and raised the price target from $11 to $12 on Dec. 4, 2025, with an accuracy rate of 67%. UBS analyst Robin Farley maintained a Neutral rating and raised the price target from $10 to $11 on Oct. 6, 2025, with an accuracy rate of 77% [6] - Apple Hospitality REIT Inc (NYSE: APLE) has a dividend yield of 7.81%. Baird analyst Michael Bellisario maintained an Outperform rating and cut the price target from $14 to $13 on Oct. 3, 2025, with an accuracy rate of 55%. Cantor Fitzgerald analyst Richard Anderson initiated coverage with an Overweight rating and a price target of $14 on Oct. 1, 2025, with an accuracy rate of 56% [6] Group 2: Recent News - Brandywine Realty Trust was replaced by Versant Media Group Inc. in the S&P SmallCap 600 on Jan. 6, 2026 [6] - Park Hotels announced the sale of non-core properties for approximately $198 million on Dec. 9, 2025 [6] - Apple Hospitality REIT reported positive quarterly sales on Nov. 3, 2025 [6]
Park Hotels Announces Non-Core Dispositions, Provides Operating Update
ZACKS· 2025-12-10 14:46
Core Insights - Park Hotels & Resorts Inc. (PK) has sold or entered into agreements to sell five non-core assets for approximately $198 million, achieving an average multiple of 43X [1] - The company plans to exit three additional non-core assets by the end of the year, which include the Embassy Suites Kansas City Plaza, DoubleTree Hotel Seattle Airport, and DoubleTree Hotel Sonoma Wine Country, all of which yielded minimal EBITDA in 2025 [2] - Park Hotels aims to dispose of remaining marketable non-core assets within 12 months as part of a strategic plan to sell off non-core assets worth $300-$400 million in 2025 for portfolio optimization [3] Operating Performance - Despite a temporary government shutdown affecting air traffic in November, Park Hotels reported that it did not materially impact its comparable revenue per available room (RevPAR) results [4] - Preliminary November comparable RevPAR improved nearly 2%, driven by strong performance in Hawaii, New York, Denver, and Orlando, with increases of approximately 19%, 10%, 8%, and 6% respectively [5] - The Hawaiian Village Waikiki Beach Resort hotel saw significant RevPAR growth of 20% and 26% in October and November, contributing 300 basis points to the portfolio's comparable RevPAR growth [6] Strategic Outlook - Park Hotels is streamlining its portfolio by divesting non-core, low-performing assets while core markets continue to show solid RevPAR gains [7] - The company is strengthening its balance sheet and positioning itself for focused, long-term growth through planned asset sales [7] - Shares of Park Hotels have gained 0.4% over the past month, contrasting with a 1.3% decline in the industry [8]
Park Hotels & Resorts Announces the Sale of Additional Non-Core Hotels and Provides Update on Non-Core Hotel Disposition Activity and Recent Operating Trends
Businesswire· 2025-12-09 11:30
Core Insights - Park Hotels & Resorts Inc. has made significant progress in its strategic priority to reshape its portfolio by divesting underperforming Non-Core hotels, with eight Non-Core hotels expected to generate approximately $198 million in gross proceeds at an average multiple of nearly 43x [4][6] - The company anticipates accelerating its Non-Core disposition strategy over the next 12 months, aiming to own one of the highest quality hotel portfolios in the sector, with an expected Comparable RevPAR of $218 [4] - Year-to-date, the company has sold or entered into agreements for five Non-Core hotels, with closed transactions including the sale of the 316-room Hyatt Centric Fisherman's Wharf and a joint venture interest in the 559-room Capital Hilton DC [6] Operational Highlights - The estimated 2025 average RevPAR and Adjusted Hotel EBITDA margin for the eight Non-Core hotels is projected to be $124 and 7%, respectively [6] - Preliminary November Comparable RevPAR increased approximately 2%, driven by strong results in Hawaii, New York, Denver, and Orlando, with increases of approximately 19%, 10%, 8%, and 6% respectively [6] - The Hilton Hawaiian Village Waikiki Beach Resort hotel in Honolulu reported significant RevPAR increases of 20% and 26% in October and November, contributing approximately 300 basis points to the portfolio's Comparable RevPAR growth [6] Company Overview - Park Hotels & Resorts is one of the largest publicly-traded lodging REITs, with a diverse portfolio of 37 premium-branded hotels and resorts, totaling approximately 24,000 rooms located primarily in prime city center and resort locations [9]
Park Hotels & Resorts (NYSE:PK) Earnings Call Presentation
2025-12-08 23:00
Core Portfolio & Strategy - Park Hotels & Resorts focuses on upper-upscale and luxury full-service hotels in premier urban and resort destinations, affiliated with dominant global brands[4] - The company's core portfolio includes 20 consolidated hotels and 1 unconsolidated hotel, totaling 16,000 rooms[13] - Park plans to dispose of non-core hotels to enhance growth and quality, with estimated proceeds of $560 million to $600 million expected from non-core hotel sales[55, 61] - The strategic plan involves disposing of remaining non-core hotels over the next 12+ months to materially enhance growth and quality[46] Financial Performance & Valuation - Park Hotels & Resorts is trading at a 47% discount to the consensus estimate of NAV (Net Asset Value)[14] - The implied market value of the portfolio is $270,000 per key, while the replacement cost for the core portfolio is approximately $1 million per key[14] - The company offers an attractive dividend yield of 9%[14] - The company has over $2 billion of liquidity, including $1 billion available under the revolving credit facility and an unsecured $800 million delayed-draw term loan[15] ROI & Growth Potential - Park Hotels & Resorts has a robust ROI pipeline with $1 billion of potential opportunities, with past projects generating 20%+ average IRR (Internal Rate of Return)[15] - Since 2018, $1.4 billion of capital will have been invested in the core portfolio through 2025, or $87,000 per key[14] - The company anticipates $100 million+ Adjusted EBITDA growth potential as core markets recover and ROI projects stabilize[14]
Park Hotels Completes Assets Disposition to Focus on Core Portfolio
ZACKS· 2025-11-25 15:05
Core Insights - Park Hotels & Resorts Inc. (PK) has completed the sale of Hilton San Francisco Hotels, which includes Hilton San Francisco Union Square with 1,921 rooms and Parc 55 San Francisco with 1,024 rooms [1][7] - This sale aligns with the company's strategic plan to divest $300-$400 million in non-core assets by 2025, allowing it to concentrate on core operations and enhance balance sheet strength for future growth [2][7] - The hotels were previously under court-ordered receivership, which secured a $725 million non-recourse CMBS Loan, resulting in Park Hotels having no economic interest in the properties [3][7] Strategic Portfolio-Rebalancing Efforts - Park Hotels has been actively reshaping its portfolio to maximize shareholder returns, having sold 46 assets for over $3 billion since 2017 [4] - The company also sold the 316-room Hyatt Centric Fisherman's Wharf in May 2025 for $80 million, further supporting its strategic rebalancing efforts [4] - PK's shares have increased by 2.1% month-to-date, outperforming the industry average of 1.3% [4]
Park Hotels & Resorts Inc. Announces Completion of the Sale of Hilton San Francisco Union Square and Parc 55 San Francisco – a Hilton Hotel by Court-Appointed Receiver
Businesswire· 2025-11-24 11:30
Core Viewpoint - Park Hotels & Resorts Inc. announced the completion of the sale of two major properties in San Francisco, securing a significant non-recourse loan in the process [1] Group 1: Company Actions - The court-appointed receiver completed the sale of the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco, collectively referred to as the Hilton San Francisco Hotels [1] - The sale secured a $725 million non-recourse CMBS Loan, known as the SF Mortgage Loan [1] Group 2: Financial Implications - The transaction reflects a strategic move by the company to manage its asset portfolio and financial obligations effectively [1]
Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks With Over 5% Dividend Yields
Benzinga· 2025-11-20 16:46
Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Company Summaries Alexandria Real Estate Equities Inc (NYSE:ARE) - Dividend Yield: 10.66% - RBC Capital analyst Michael Carroll maintained a Sector Perform rating and reduced the price target from $98 to $65 on Nov. 3, 2025, with an accuracy rate of 60% [7] - JP Morgan analyst Anthony Paolone maintained a Neutral rating and lowered the price target from $117 to $95 on May 20, 2025, with an accuracy rate of 65% [7] - Recent quarterly results were mixed, reported on Oct. 27 [7] Park Hotels & Resorts Inc (NYSE:PK) - Dividend Yield: 9.97% - UBS analyst Robin Farley maintained a Neutral rating and increased the price target from $10 to $11 on Oct. 6, 2025, with an accuracy rate of 77% [7] - Truist Securities analyst Patrick Scholes downgraded the stock from Buy to Hold and cut the price target from $16 to $11 on May 30, 2025, with an accuracy rate of 64% [7] - Recent third-quarter results were mixed, reported on Oct. 30 [7] RLJ Lodging Trust (NYSE:RLJ) - Dividend Yield: 8.23% - Truist Securities analyst Gregory Miller maintained a Hold rating and raised the price target from $7 to $8 on Sept. 5, 2025, with an accuracy rate of 67% [7] - Keybanc analyst Austin Wurschmidt maintained an Overweight rating and reduced the price target from $14 to $12 on March 24, 2025, with an accuracy rate of 61% [7] - Recent quarterly results were mixed, reported on Nov. 5 [7]
Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks With Over 5% Dividend Yields - Alexandria Real Estate (NYSE:ARE), Park Hotels & Resorts (NYSE:PK)
Benzinga· 2025-11-20 16:46
Core Insights - Investors are increasingly turning to dividend-yielding stocks during market turbulence and uncertainty, as these companies typically have high free cash flows and offer substantial dividend payouts [1] Company Summaries Alexandria Real Estate Equities Inc (NYSE:ARE) - Dividend Yield: 10.66% - RBC Capital analyst Michael Carroll maintained a Sector Perform rating and reduced the price target from $98 to $65 on Nov. 3, 2025, with an accuracy rate of 60% [7] - JP Morgan analyst Anthony Paolone maintained a Neutral rating and lowered the price target from $117 to $95 on May 20, 2025, with an accuracy rate of 65% [7] - Recent quarterly results were mixed, reported on Oct. 27 [7] Park Hotels & Resorts Inc (NYSE:PK) - Dividend Yield: 9.97% - UBS analyst Robin Farley maintained a Neutral rating and increased the price target from $10 to $11 on Oct. 6, 2025, with an accuracy rate of 77% [7] - Truist Securities analyst Patrick Scholes downgraded the stock from Buy to Hold and cut the price target from $16 to $11 on May 30, 2025, with an accuracy rate of 64% [7] - Recent third-quarter results were mixed, reported on Oct. 30 [7] RLJ Lodging Trust (NYSE:RLJ) - Dividend Yield: 8.23% - Truist Securities analyst Gregory Miller maintained a Hold rating and raised the price target from $7 to $8 on Sept. 5, 2025, with an accuracy rate of 67% [7] - Keybanc analyst Austin Wurschmidt maintained an Overweight rating and reduced the price target from $14 to $12 on March 24, 2025, with an accuracy rate of 61% [7] - Recent quarterly results were mixed, reported on Nov. 5 [7]