Park Hotels & Resorts Inc. (PK) To Go Ex-Dividend on December 31st

Park Hotels & Resorts Inc. (NYSE:PK) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.25 per share by the financial services provider on Thursday, January 15th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Wednesday, December 31st.

Park Hotels & Resorts has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Park Hotels & Resorts has a dividend payout ratio of 172.4% meaning 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 Stock Down 0.3%

Shares of PK opened at $10.81 on Monday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -155.03 and a beta of 1.45. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $14.88. The stock’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.92. 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 issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $610.00 million during the quarter, compared to analyst estimates of $617.05 million. Park Hotels & Resorts had a negative return on equity of 1.25% and a negative net margin of 0.47%.The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.850-1.970 EPS. On average, sell-side analysts predict that Park Hotels & Resorts will post 2.11 EPS for the current year.

About Park Hotels & Resorts

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.