Let’s start up with the current stock price of Park Hotels & Resorts Inc. (PK), which is $18.54 to be very precise. The Stock rose vividly during the last session to $18.68 after opening rate of $17.50 while the lowest price it went was recorded $17.19 before closing at $17.51.
Recently in News on July 13, 2021, Park Hotels & Resorts Executes Definitive Contracts to Sell Two of Its San Francisco Hotels and Provides an Update on Hotel Reopenings and Operating Trends. Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE:PK) today announced that it has entered into two separate, definitive contracts to sell the 360-room Le Meridien San Francisco and the 171-room Hotel Adagio, Autograph Collection (San Francisco, CA) for total proceeds of $303.5 million, or an average sale price of approximately $572,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”), the blended sale price represents a 6.1% capitalization rate on 2019 net operating income (6.7% excluding capex), or 14.4x 2019 EBITDA (13.2x excluding capex). Management currently expects each of the transactions to close within the next 60 days. You can read further details here
Park Hotels & Resorts Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $24.67 on 03/18/21, with the lowest value was $15.93 for the same time period, recorded on 01/27/21.
Park Hotels & Resorts Inc. (PK) full year performance was 109.49%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Park Hotels & Resorts Inc. shares are logging -24.85% during the 52-week period from high price, and 133.21% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.95 and $24.67.
The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 3936433 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Park Hotels & Resorts Inc. (PK) recorded performance in the market was 8.10%, having the revenues showcasing -10.65% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.49B, as it employees total of 182 workers.
Analysts verdict on Park Hotels & Resorts Inc. (PK)
During the last month, 0 analysts gave the Park Hotels & Resorts Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 21.29, with a change in the price was noted -2.66. In a similar fashion, Park Hotels & Resorts Inc. posted a movement of -12.55% for the period of last 100 days, recording 2,690,606 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PK is recording 1.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.09.
Park Hotels & Resorts Inc. (PK): Technical Analysis
Raw Stochastic average of Park Hotels & Resorts Inc. in the period of last 50 days is set at 28.38%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 34.48%. In the last 20 days, the company’s Stochastic %K was 18.27% and its Stochastic %D was recorded 15.14%.
Let’s take a glance in the erstwhile performances of Park Hotels & Resorts Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 8.10%. Additionally, trading for the stock in the period of the last six months notably improved by 7.29%, alongside a boost of 109.49% for the period of the last 12 months. The shares increased approximately by -1.75% in the 7-day charts and went up by -10.17% in the period of the last 30 days. Common stock shares were lifted by -10.65% during last recorded quarter.