Park Hotels & Resorts (PK) is highlighted as a momentum investment pick with a Zacks Rank #2 (Buy) rating and Momentum Style Score of B. The stock has outperformed its industry and the S&P 500 over multiple timeframes, with shares up 2.77% weekly, 5.53% monthly, 9.72% quarterly, and 47.07% annually. Recent earnings estimate revisions have been positive, with 3 upward revisions and none downward over the past two months, boosting consensus estimates from $1.98 to $2.02.
PK
Park Hotels & Resorts Inc.About PK
Park Hotels & Resorts owns upper-upscale and luxury hotels, with 19,902 rooms across 29 hotels in the United States. Park also has an interest through a joint venture in another 1,424 rooms in another US hotel. Park was spun out of Hilton Worldwide Holdings at the start of 2017, so most of its hotels are still under the Hilton brand. The company has sold all its international hotels and many of its lower-quality US hotels to focus on high-quality assets in domestic gateway markets.
News
3 latestMentions PK
Stock markets closed mixed with technology sector weakness offset by gains in healthcare, consumer staples, and financials. Five stocks were added to the Zacks Rank #1 (Strong Buy) list, including FormFactor, RLJ Lodging Trust, Park Hotels & Resorts, Nebius Group, and Japan Tobacco, all showing positive earnings estimate revisions over the past 60 days.
Stock markets closed mixed on October 30 with technology sector weakness offsetting gains in healthcare, consumer staples, and financials. Two lodging REITs with strong value characteristics and Zacks Rank #1 ratings are highlighted as investment opportunities: Park Hotels & Resorts and RLJ Lodging Trust, both trading at significant discounts to industry P/E ratios.
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