Park Hotels & Resorts Inc. with ticker code (PK) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 25 and 12 suggesting an average Analsyt target price of $16.00. Given that the stocks previous close was at $11.50 this is indicating there is a potential upside of 39.1%. There is a 50 day moving average of $12.53 while the 200 day moving average is $13.06. The company has a market cap of $2,579m. You can visit the company’s website by visiting: https://www.pkhotelsandresorts.com
The potential market cap would be $3,588m 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 5.22% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 16.6, revenue per share of 11.04 and a 1.95% return on assets.
