Park Hotels & Resorts Inc. Plans Quarterly Dividend of $0.25 (NYSE:PK)

Park Hotels & Resorts Inc. (NYSE:PK) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.25 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Tuesday, March 31st.

Park Hotels & Resorts has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Park Hotels & Resorts has a dividend payout ratio of 172.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Park Hotels & Resorts to earn $2.21 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.2%.

Park Hotels & Resorts Trading Down 3.0%

NYSE PK traded down $0.35 during trading hours on Friday, hitting $11.08. 1,616,260 shares of the company were exchanged, compared to its average volume of 4,068,892. The stock has a market cap of $2.21 billion, a PE ratio of -157.64 and a beta of 1.45. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $13.09. The stock has a 50-day moving average price of $11.11 and a 200 day moving average price of $11.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.37.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($1.50). The company had revenue of $629.00 million for the quarter, compared to the consensus estimate of $621.79 million. Park Hotels & Resorts had a negative net margin of 0.47% and a negative return on equity of 1.25%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. Analysts forecast that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.