PARK HOTEL RSRTS

https://www.investing.com/news/pro/park-hotels--resorts-pt-lowered-to-16-at-bofa-securities-432SI-2904907

The potential for high returns and stable income streams have made real estate investment trusts, or REITs, a popular investment vehicle. However, not all REITs are created equal, especially with a potential recession hanging overhead. On today’s list, I take a look at three REITs to sell. The reasoning for my bearishness on these particular REITs stems from the fact that their area of focus — hotels and resorts — has limited upside and a lot of downside risk in the current economic environment. The lodging sector is showing signs of improvement after the pandemic, but it is not out of the woods yet. Occupancy rates remain below pre-pandemic levels , and inflation and recession threaten to stop the recovery in its tracks. As consumers continue to rein in discretionary spending, they are less likely to spend money on travel, thus reducing demand for lodging. Here are three REITs to sell. PK Park Hotels & Resorts $11.26 HST Host Hotels & Resorts $15.88 PEB Pebblebrook Hotel Trust $14.51 Park Hotels & Resorts (PK) Source: Shutterstock Park Hotels & Resorts (NYSE: PK ) is one of the largest publicly traded lodging REITs with “49 premium-branded hotels and resorts with over 30,000 rooms primarily located in prime city center and resort locations,” according to the company.

Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets. Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently touched 52-week lows. Yet, analysts continue to have faith in the group as a whole and have set price targets well above the current prices of these stocks. Here are three hotel REITs analysts recently noted that have the highest upsides among the group: Park Hotels & Resorts Inc (NYSE: PK ) is a Tysons, Virginia-based hotel REIT with 49 premium brand hotels and resorts across 14 of the top 25 markets in the U.S. affiliates include Hilton, Marriott and Hyatt. The 52-week range for Park Hotels & Resorts is $11.04 to $21.62, and the stock was recently close to its low. Wells Fargo analyst Dori Kesten upgraded Park Hotels & Resorts from Equal-Weight to Overweight and announced a $17 price target. … Full story available on Benzinga.

As of Wednesday, Park Hotels & Resorts Inc.’s (NYSE:PK) stock closed at $14.36, up from $14.14 the previous day. While Park Hotels & Resorts Inc. has overperformed by 1.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PK fell by -24.70%, with highs and lows ranging […]

https://www.investing.com/news/pro/park-hotels--resorts-pt-lowered-to-19-at-capitalone-432SI-2892904

Park Hotels & Resorts Inc. (NYSE:PK) price is hovering higher on Tuesday, February 08, jumping 2.79% above its previous close. >> 7 Top Picks for the Post-Pandemic Economy > 7 Top Picks for the Post-Pandemic Economy

Park Hotels & Resorts Inc. (NYSE:PK) has a beta value of 2.13 and has seen 0.51 million shares traded in the recent trading session. The company, currently valued at $4.34B, closed the recent trade at $19.06 per share which meant it gained $0.22 on the day or 1.17% during that session. The PK stock price Park Hotels & Resorts Inc. (PK): What Is Good About Stock? Read More »

Park Hotels & Resorts Inc. (NYSE:PK) traded at $18.84 at close of the session on Tuesday, 12/21/21, made an upward move of 8.53% on its previous days price. Looking at the stock we see that its previous close was $17.36 and the beta (5Y monthly) reads 2.28 with the days price range being $17.45 Park Hotels & Resorts Inc. (NYSE: PK) Is Up 9.85% Year-To-Date, But Analysts Find Room For A Price Rally Read More »

DekaBank Deutsche Girozentrale lessened its stake in Park Hotels & Resorts Inc. (NYSE:PK) by 52.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,925 shares of the financial services providers stock after selling 80,220 shares during the quarter. DekaBank Deutsche Girozentrales holdings in Park Hotels & Resorts were worth $1,409,000 as of its []

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have earned a consensus recommendation of Hold from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target []

Park Hotels & Resorts Inc. (NYSE:PK) has a beta value of 2.13 and has seen 0.51 million shares traded in the recent trading session. The company, currently valued at $4.34B, closed the recent trade at $19.06 per share which meant it gained $0.22 on the day or 1.17% during that session. The PK stock price Park Hotels & Resorts Inc. (PK): What Is Good About Stock? Read More »

Park Hotels & Resorts Inc. (NYSE:PK) traded at $18.84 at close of the session on Tuesday, 12/21/21, made an upward move of 8.53% on its previous days price. Looking at the stock we see that its previous close was $17.36 and the beta (5Y monthly) reads 2.28 with the days price range being $17.45 Park Hotels & Resorts Inc. (NYSE: PK) Is Up 9.85% Year-To-Date, But Analysts Find Room For A Price Rally Read More »

DekaBank Deutsche Girozentrale lessened its stake in Park Hotels & Resorts Inc. (NYSE:PK) by 52.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,925 shares of the financial services providers stock after selling 80,220 shares during the quarter. DekaBank Deutsche Girozentrales holdings in Park Hotels & Resorts were worth $1,409,000 as of its []

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have earned a consensus recommendation of Hold from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target []

Blue Zone Wealth Advisors LLC boosted its position in Park Hotels & Resorts Inc. (NYSE:PK) by 41.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,395 shares of the financial services providers stock after buying an additional 40,232 shares []