Park Hotels & Resorts delivered a 41% total return in four months, validating my prior 'Buy' rating. PK raised full-year 2026 guidance for the second consecutive quarter, with AFFO now expected at $1.90–$2.00/share and robust RevPAR growth. Non-core asset disposals are progressing slower than anticipated, but PK's balance sheet risk has eased with a $700M delayed-draw facility.
Park Hotels & Resorts: A Leaner Portfolio Starts Paying Off
Park Hotels & Resorts NYSE: PK reported second-quarter results that exceeded its expectations, driven by stronger group and leisure demand, particularly at resort properties in Hawaii, Florida and Key West. The company raised its full-year RevPAR, adjusted EBITDA and adjusted funds from operations guidance following the performance and a strong start to the third quarter.
Park Hotels & Resorts Inc. (PK) Q2 2026 Earnings Call Transcript
The headline numbers for Park Hotels & Resorts (PK) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.7 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to FFO of $0.64 per share a year ago.
Investors need to pay close attention to PK stock based on the movements in the options market lately.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
I am upgrading Park Hotels & Resorts to a buy, driven by strong market momentum, property upgrades, and resilient top-line growth. PK demonstrates competitive positioning with a focus on upper-upscale renovations, notably achieving +27% group revenue growth at the Royal Palm South Beach. Despite volatile FFO and high leverage, PK offers a safe, elevated dividend yield (~6.8%) with solid coverage, though dividend growth is muted.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Park Hotels & Resorts Inc. (PK) Q1 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Park Hotels & Resorts (PK) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.