Park Hotels & Resorts (PK)
NYSEReal EstateReit - Hotel & MotelSnapshot 2026-09-09
$15.28+1.13%
Close 2026-09-09 · 1-day change
NYSEReal EstateReit - Hotel & MotelSnapshot 2026-09-09
Broken: Primary pillar broken — Revenue near $2.5 billion: FY26 rev guide $627M vs $2.5B target.
Park Hotels is improving net income from -$57M to $11M. It plans $0.25 dividend per share. Revenue is guided near $2.5 billion in 2026. The CEO is stable and focused on cash flow.
The company is still loss-making and faces sector headwinds. Cash flow is weak and volatile. Revenue growth is slow at about 2%.
The price is about 34% above our fair value near $10.5. Analysts expect only 2% revenue growth. Our value is below the Street's $14 median.
Breaks if: cash from operations falls below $80M in FY26
Focus on improving cash flow from operations to support financial flexibility and capital allocation.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment is in the Real Estate sector, which is currently facing headwinds. The thesis is in a watch state, reflecting recent weak financial performance but some positive momentum from management actions.
The market appears to be pricing PK at a premium compared to its peers, indicating expectations for improved performance. However, the current valuation is considered stretched, suggesting that high expectations may not be fully justified given recent results.
Management is focused on enhancing portfolio quality through the sale of non-core hotels and investing in core hotel renovations. Recent financial performance has been weak, but the company has shown some positive momentum with recent earnings beats.
The long-term thesis hinges on the Fed's potential rate cuts, which could provide a tailwind for the Real Estate sector. Additionally, the performance of sector bellwethers will be crucial for PK's momentum and credibility.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 2 of last 2 quarters. Cash from operating activities rose significantly from $59 million in 2026-Q1 to $141 million in 2026-Q2, indicating improved operational cash flow. The trajectory is delivering positive progress on this priority.
“Cash from operating activities was $141 million in Q2 2026.”
“Cash from operating activities was $59 million in Q1 2026.”
Breaks if: dividend per share falls below $0.25 in FY26
Continue paying quarterly cash dividends of $0.25 per share to stockholders.
Stated as a priority in 3 of last 3 quarters. Management consistently declared and paid quarterly dividends of $0.25 per share in 2025 and through 2026-Q2, with the Q3 2026 dividend also declared at $0.25. The dividend policy is on track and stable.
“Paid second quarter cash dividend of $0.25 per share and declared third quarter dividend of $0.25 per share.”
“Paid first quarter cash dividend of $0.25 per share and declared second quarter dividend of $0.25 per share.”
“Declared total of $1.00 dividends in 2025, quarterly $0.25 per share.”
Breaks if: net income falls below $0 in FY26
Breaks if: revenue falls below $2.4B in FY26
Over the next 1 to 3 years, PK's performance will depend on management execution and broader market conditions. Not investment advice.