Park Hotels & Resorts Inc. with ticker code (PK) now have 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 25 and 12 suggesting an average Analsyt target price of $16.08. Given that the stocks previous close was at $11.74 and the analysts are correct then we can expect a percentage increase in value of 37.0%. The day 50 moving average is $13.07 and the 200 moving average now moves to $13.15. The company has a market cap of $2,630m. Company Website: https://www.pkhotelsandresorts.com
The potential market cap would be $3,602m based on the market consensus.
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.
The company has a dividend yield of 5.11% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 17.17, revenue per share of 11.04 and a 1.95% return on assets.
