Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. One company value investors might notice is Park Hotels & Resorts (PK) . PK is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading ...

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful completion of the in-clinic portion of its pharmacokinetic (PK) study, a core component of the Company's clinical study plan for its 510(k) pathway for regulatory approval. Dosing and sampling of the second cohort for the study concluded on Thursday, June 27, 2024, markin ...

INBS' first-of-its-kind fingerprint drug screening technology uses fingerprint sweat to provide a quick, hygienic, and easy-to-use method for drug testing, delivering results in just minutes. This unique approach tests for common drugs of abuse, including cocaine, cannabis, methamphetamine, and opiates. Forward-Looking Statements: NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, no ...

Company Overview - Park Hotels & Resorts Inc. is one of the largest publicly traded lodging REITs with a diverse portfolio of iconic and market-leading hotels and resorts [2] - The portfolio consists of 43 premium-branded hotels and resorts with over 26,000 rooms located in prime city center and resort locations [2] Financial Reporting - The company plans to report financial results for the second quarter of 2024 after the stock market closes on July 31, 2024 [3] - A conference call will be held on August 1, 2024, at 12:00 p.m. Eastern Time to discuss earnings results, current operational environment, and business outlook [3]

The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: About Park Hotels & Resorts For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. ("Park") (NYSE: PK) today announced that it plans to report financial results for the second quarter 2024 after the stock market clos ...

Core Viewpoint - Park Hotels and Resorts Inc. (PK REIT) has shown significant operational improvements and financial metrics, suggesting potential investment opportunities despite the cyclical nature of the hospitality industry [6][16][49]. Financial Performance - PK REIT reported $639 million in first-quarter revenue and 52 cents per share in funds from operations, with a first-quarter occupancy rate of 70.9%, up 350 basis points from the previous year [9][11]. - The REIT's comparable revenue per available room (RevPAR) increased by 7.8% year-over-year, reaching $175.65, while the average daily rate (ADR) rose by 2.5% to $247.91 [36][46]. - The forward dividend yield stands at 6.7%, significantly higher than the sector median of 4.39% [3][52]. Market Position and Growth Potential - Approximately 63% of PK REIT's revenue is derived from room bookings, with additional income from ancillary services and lease agreements [8]. - The company has a robust development pipeline valued at $1.5 billion, with projects expected to yield returns between 15% to 25% [24][41]. - The Hawaiian resort market, which contributes about 35% of PK REIT's revenue, is projected to grow by 5% annually until 2033 [23][41]. Debt and Capital Structure - PK REIT has a net debt of $3.5 billion, with a Net Debt/EBITDA ratio of 5.2x, which is considered high but manageable due to 95% of its debt being fixed [25][26]. - The REIT maintains a solid liquidity position with $378 million in cash and equivalents, resulting in a current ratio of 1.3 [24]. Investment Valuation - The forward price-to-FFO ratio for PK REIT is 6.81x, below the sector median of 14.80x, indicating that the REIT may be undervalued [50]. - The REIT's historical Sharpe Ratio is negative, suggesting potential inefficiencies compared to traditional investments [33]. Operational Insights - The hospitality sector's reliance on short-term bookings introduces seasonality and cyclical growth factors, which differ from traditional REITs that depend on long-term leases [37]. - Despite challenges, the REIT's operational metrics indicate a strong recovery trajectory, particularly in its resort business, which is expected to benefit from seasonal demand [35][49].

Core Viewpoint - Park Hotels & Resorts Inc. is positioned as a strong investment opportunity in the U.S. hotel industry, particularly for dividend-focused investors, given its solid financials and favorable market outlook for 2024 [1][5]. Financial Performance - Revenue has recovered since 2021, surpassing pre-pandemic levels, with FFO per share showing significant growth [4][18]. - In Q3 2023, RevPAR was $178.25, a 4.11% increase year-over-year, while ADR rose by 1.85% to $250.93 [18]. - For 2023, FFO per share increased by 32.5% to $2.04, indicating strong revenue recovery [18]. Dividend and Valuation - The company pays a quarterly dividend of $0.25 per share, yielding 6.55%, with a payout ratio of 47.43% based on the last quarterly AFFO [6][12]. - The stock is trading at a slight discount to tangible book value of $16.36, which is considered unjustified given the company's prospects [13]. Leverage and Liquidity - Following a strategic default on a $725 million loan, the company's leverage improved, leading to an upgrade in credit rating from S&P Global from B to BB- [5]. - Approximately 50% of assets are funded by debt, with a debt/EBITDA ratio of 5.45x and interest coverage of 2.8x [5][11]. - The company has $378 million in liquid assets, representing 4.16% of total assets, and access to a $950 million revolver [5]. Market Position and Outlook - The portfolio consists of 43 hotels with 26,000 rooms, primarily concentrated in Hawaii and Orlando, which contribute nearly half of EBITDA [9][10]. - Room demand in Hawaii increased by 3.7% year-over-year, while Orlando is experiencing a recovery in RevPAR [10]. - The overall outlook for the U.S. hotel industry remains positive despite potential economic headwinds [10]. Management and Governance - Management compensation appears shareholder-friendly, with the CEO's package representing only 1.44% of cash NOI generated in 2023 [20]. - The company has a history of capital gains from property dispositions and has initiated a stock repurchase program of $300 million [20].

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful recruitment and commencement of screening for subjects in its pharmacokinetic (PK) study, a critical component of the Company's FDA 510(k) regulatory pathway for clearance. Harry Simeonidis, President and CEO at INBS, commented, "As we navigate the FDA 510(k) regulatory pa ...

Core Points - Park Hotels & Resorts Inc. announced the expiration and final results of its cash Tender Offer for its outstanding 7.500% Senior Notes due 2025, which expired on May 13, 2024 [1] - The Issuers purchased $311,473,000 in principal amount of the Notes that were validly tendered [2] - Following the settlement of the Tender Offer, the Issuers issued a notice of redemption for all outstanding Notes at a redemption price of 100.000% of the principal amount plus accrued interest, with the redemption date expected to be June 1, 2024 [3] Company Overview - Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 43 premium-branded hotels and resorts totaling over 26,000 rooms located in prime city center and resort locations [6]

Core Points - Park Hotels & Resorts Inc. announced the expiration and final results of its cash Tender Offer for its outstanding 7.500% Senior Notes due 2025 [1][2] - The Issuers purchased a total of $311,473,000 in principal amount of the Notes that were validly tendered [2] - Following the settlement of the Tender Offer, a notice of redemption was issued for all outstanding Notes at a redemption price of 100% of the principal amount plus accrued interest, with the redemption date expected on June 1, 2024 [3] Summary by Sections Tender Offer Details - The Tender Offer expired on May 13, 2024, at 5:00 p.m. New York City time [1] - The total principal amount of the Notes outstanding was $650,000,000, with $311,473,000 tendered and accepted for purchase [3] Redemption Information - A notice of redemption was issued for all remaining outstanding Notes at a price of 100% of the principal amount plus accrued interest [3] - The redemption date is anticipated to be June 1, 2024, after which no Notes will be outstanding [3] Company Overview - Park Hotels & Resorts is one of the largest publicly traded lodging REITs, with a portfolio of 43 premium-branded hotels and resorts totaling over 26,000 rooms [6]