pk stock: Park Hotels & Resorts (PK) overview

Park Hotels & Resorts (PK)

Note: This article focuses on the publicly traded lodging REIT commonly referred to as "pk stock"—Park Hotels & Resorts Inc., listed on the New York Stock Exchange under the ticker PK. It summarizes corporate background, portfolio details, financial measures commonly used for REIT analysis, dividend and share-structure information, recent analyst commentary, and material risks. The coverage is informational and not investment advice.

Infobox / Quick facts

Introduction

The term pk stock typically refers to Park Hotels & Resorts Inc., a U.S.-based lodging real estate investment trust (REIT) that owns, manages and, in many cases, partners to operate premium-branded hotels and resorts. Park specializes in upper-upscale and luxury properties concentrated in gateway and resort markets across the United States. This article explains what investors and researchers should know about the pk stock, including business model, portfolio composition, key financial metrics used for REITs (including FFO), dividend history, recent analyst notes, and material risks that affect operating performance and the stock price.

As of Feb 19, 2026, per Benzinga, Park Hotels & Resorts (pk stock) reported a quoted share price near $11.59 with a dividend yield reported at about 8.63%. Benzinga also recorded analyst coverage with Hold/Neutral ratings from several firms on dates in 2025 and 2026; readers should consult company filings and real-time quote providers for the latest market values and official documents.

History

Park Hotels & Resorts was formed in 2017 as a publicly listed REIT in a spin-off from Hilton Worldwide. The spin-off consolidated a significant portfolio of Hilton-managed and franchised upper-upscale assets into a single REIT structure intended to own and manage premier lodging real estate. Since the spin-off, the company has undertaken portfolio optimization initiatives including asset sales, joint ventures, balance-sheet refinancings and targeted capital projects to align operating margins and capital allocation with a REIT ownership model.

Key historical items for pk stock include:

• 2017: Corporate spin-off from Hilton Worldwide, establishing the publicly listed REIT structure.
• Post-2017: Multiple asset dispositions and joint-venture transactions to reduce leverage and concentrate on higher-return markets.
• Ongoing: Capital recycling and occasional portfolio pruning to respond to travel demand cycles and interest-rate environments.

For an authoritative timeline and specific transaction dates, consult the company investor relations materials and SEC filings, which provide detailed event-level disclosures.

Business overview

Park Hotels & Resorts operates as a lodging REIT whose primary business is ownership of premium-branded hotel real estate. The business model centers on securing long-term real estate value through ownership and selective operational partnerships rather than operating hotels as an integrated operator. Revenue sources for pk stock typically include:

• Room revenue (direct income from hotel operations for consolidated hotels).
• Franchise, management or incentive fees tied to third-party operations where the REIT retains real-estate ownership but outsources hotel operations.
• Food & beverage, meeting space and other ancillary lodging revenue streams.
• Income from unconsolidated joint ventures where Park holds equity interest and records equity income rather than full hotel operating revenue.

Park’s portfolio emphasizes gateway city assets and resort destinations under premium brands, often with management or franchise arrangements with large hotel companies. This positioning means operational results can track macro travel demand (leisure, group, and corporate travel) and can be cyclical.

Portfolio and properties

The pk stock portfolio historically includes a mix of upper-upscale and luxury hotels across major U.S. gateway markets and resort locations. Portfolio composition items to review for pk stock:

• Number of hotels and total rooms (company reports provide an up-to-date property count and room inventory).
• Brand affiliations (many properties are affiliated with major hotel franchisors and operators; the company discloses branding in investor materials).
• Examples of notable properties (company filings and presentations list flagship assets, urban marquee hotels and resort properties owned directly or via joint ventures).
• Direct ownership versus joint-venture interests: Park often holds both consolidated hotels and equity stakes in unconsolidated ventures.

A full property list with addresses, brand affiliations and ownership percentages is typically included in annual reports or supplemental investor presentations.

Operations and segments

Park’s operating presentation separates consolidated hotel operations (fully owned and consolidated in financial statements) from unconsolidated hotels (where Park records equity in net income). Management arrangements, franchise agreements and third-party operators are common in the lodging REIT model; these arrangements affect the pattern of revenue recognition and margin capture for pk stock. Key operational implications include:

• Consolidated hotels: revenues, expenses and operating metrics are reported on a line-by-line basis in consolidated financial statements.
• Unconsolidated investments: investors should review the company’s equity-method income disclosures to understand contribution to net income and cash flow.
• Management and franchise arrangements: these agreements influence operating leverage and capital obligations (e.g., property-level capital expenditures versus owner-funded capital programs).

Financial profile

When analyzing pk stock, REIT-specific metrics are central. Funds from Operations (FFO) and Adjusted FFO per share are commonly used to assess operating cash generation while accounting for depreciation of real estate assets. Other frequently reviewed items include EBITDA (or hotel-level EBITDA), net operating income (NOI) for stabilized assets, occupancy, average daily rate (ADR), revenue per available room (RevPAR), and margin trends.

Balance-sheet characteristics for pk stock typically reflect:

• Leverage levels (debt-to-EBITDA and debt-to-market-cap metrics are commonly used).
• Maturity schedule for debt and availability under credit facilities.
• Liquidity (cash on hand plus undrawn credit lines).

Historical performance for the pk stock has been influenced by macroeconomic cycles, travel demand recovery patterns after market disruptions, asset sales and capital allocation actions that change the size and composition of the portfolio.

Recent financial results

This subsection normally contains recent quarterly and annual highlights such as revenue, FFO, operating income and management guidance. As of Feb 19, 2026, Park Hotels & Resorts publicly announced it would report fourth-quarter results after the closing bell on that date, per Benzinga. For precise quarterly figures, readers should consult the company’s earnings release and corresponding SEC filings (10-Q, 10-K) released on or shortly after the earnings announcement date.

Source references and quarter-level detail should be taken from the company’s investor relations page and official SEC filings for verifiable figures.

Stock information

The pk stock trades under the ticker PK on the New York Stock Exchange. Important investor-focused details include:

• Ticker: PK
• Exchange: NYSE
• Average daily trading volume: varies over time—use real-time quote services for current values.
• Market capitalization: fluctuates with market price; check live market data providers for up-to-date market cap.
• 52-week high/low: reported by market-data vendors; refer to quote pages for the latest range.
• Dividend policy: Park has maintained a dividend/distribution policy typical of REITs, with periodic payments subject to coverage by FFO and board approval. Benzinga reported a dividend yield of 8.63% for pk stock as of Feb 19, 2026.

Where to find real-time quotes: use financial data platforms and brokerage pages for current price, volume and market cap. For tokenized access or services offered on crypto platforms, consider Bitget for related trading services; always confirm product availability and regulatory status in your jurisdiction.

Dividends and distribution policy

As a REIT, Park is required to distribute a substantial portion of taxable income to shareholders to retain favorable tax treatment. For pk stock, dividend/distribution characteristics to evaluate:

• Payout frequency: Park has historically paid regular dividends; check the company’s dividend history for payment cadence and per-share amounts.
• Dividend yield: varies with share price; Benzinga reported an 8.63% yield as of Feb 19, 2026 for pk stock.
• Coverage: dividend sustainability is typically assessed via FFO and AFFO coverage ratios. Investors should review management commentary on distribution policy and coverage in earnings releases and the investor presentation.

Dividend declarations, ex-dividend dates and record dates are disclosed in company filings and press releases; verify dates before relying on dividend capture strategies.

Share structure and major shareholders

Key ownership considerations for pk stock include the total number of shares outstanding, insider ownership (executive officers and board members), and institutional holders. Major institutional ownership can influence liquidity, voting outcomes and the potential for large block trades. For the latest holder breakdowns and changes in ownership, consult institutional-holding data reported by market-data providers and the company’s proxy statements.

Stock performance and historical price

Park Hotels & Resorts’ stock price history reflects macro trends in travel demand, interest-rate cycles, asset-level performance and corporate actions such as asset sales and capital raises. Historically important factors that have affected pk stock performance include:

• Economic cycles and travel demand shocks that affect occupancy and ADR.
• Interest rates and the cost of capital, which influence REIT valuations and debt service costs.
• Portfolio transactions (acquisitions and dispositions) that change expected future cash flows.
• Company-specific corporate actions such as share issuance, buybacks or special dividends.

For multi-year charts and specific historical price points, consult market-data services and the company’s investor presentation for management commentary on price performance versus fundamentals.

Valuation metrics and analyst coverage

Valuation of pk stock uses common REIT measures and equity metrics:

• Price-to-FFO (P/FFO): a REIT-centric valuation multiple treating FFO as the primary cash-generating metric.
• Price-to-earnings (P/E): sometimes cited but less central for REITs due to non-cash depreciation expense.
• Price-to-book (P/B): useful for asset-heavy companies where net asset values may approximate liquidation or replacement values.

Analyst coverage: as of Feb 19, 2026, Benzinga recorded analyst notes for pk stock including a Hold rating from Truist Securities (Patrick Scholes) with a raised price target and Neutral ratings from other firms that adjusted price targets in late 2025. Specific analyst ratings and price targets change over time—consult broker research pages and aggregated analyst tables for the most recent consensus and individual analyst accuracy metrics.

Note: analyst ratings and price targets are informational; they represent opinions at a point in time and are not guarantees of future performance.

Corporate governance and management

Park’s governance framework includes a board of directors, executive leadership team and customary governance documents such as corporate bylaws and committee charters. Governance items to review when studying pk stock:

• Board composition and director independence
• Executive compensation policies and alignment with shareholder interests
• Shareholder rights and any classified board or anti-takeover provisions
• Recent governance developments or shareholder proposals disclosed in proxy materials

For current officer names, board biographies, committee assignments and governance policies, consult the company’s proxy statement and investor relations materials.

Capital allocation and financing

Park’s capital allocation decisions materially influence both balance-sheet strength and dividend sustainability for pk stock. Common capital-allocation levers include:

• Dividend/distribution levels and policy
• Asset dispositions and acquisitions (portfolio optimization)
• Debt issuance and repayments, refinancing activity
• Joint ventures and equity partnerships to monetize assets while retaining upside

Historical financing events, such as accessing credit facilities or executing refinancings, are reported in SEC filings and earnings releases. Investors reviewing pk stock should examine maturity schedules, interest-rate exposure and covenants disclosed in debt agreements.

Acquisitions, dispositions, and strategic transactions

Since its spin-off, Park has engaged in asset sales, joint-venture formations and selective capital recycling to optimize portfolio composition and reduce leverage. Material transactions are typically disclosed in press releases, investor presentations and SEC filings and should be read for details on transaction structure, price and strategic rationale.

Examples of strategic transactions that can affect pk stock include:

• Sales of non-core hotels to reduce leverage or redeploy capital
• Joint ventures that bring in strategic partners and de-risk cash flow volatility
• Acquisition of assets in high-growth or high-barrier-to-entry markets to enhance long-term returns

Risks and factors affecting the business

The pk stock is exposed to a variety of operational and market risks that investors and researchers should understand. Key risk categories include:

• Lodging demand cyclicality: hotel revenues are sensitive to economic cycles, corporate travel budgets and consumer discretionary spending.
• Group and business-travel exposure: large conventions, group bookings and corporate travel can materially affect occupancy and ADR in gateway and urban hotels.
• Interest rates and cost of capital: REIT valuations and debt-service costs are sensitive to interest-rate movements; higher rates can compress valuations and increase financing expense.
• Leverage and debt maturities: concentrated near-term maturities or covenant strain can raise refinancing risk.
• Supply additions: new hotel supply in core markets can pressure occupancy and ADR over time.
• Operational disruptions: natural disasters, public-health events and other disruptions can impair hotel operations and reduce demand.

These risk factors are routinely disclosed in the company’s Form 10-K and other regulatory filings. Readers should review management’s risk disclosures for the most current descriptions and mitigants.

Regulatory, legal and corporate controversies

Any material legal proceedings, regulatory actions or corporate controversies that bear on pk stock are disclosed by the company in SEC filings and press releases. Examples of items to monitor include litigation affecting property operations, regulatory compliance matters, or disclosures related to environmental or zoning disputes. Always consult the most recent SEC filings for itemized litigation and contingency disclosures.

Environmental, social and governance (ESG) initiatives

Park reports on sustainability efforts and ESG-related programs in investor materials and sustainability reports when available. Typical initiatives for a lodging REIT like Park can include:

• Energy efficiency programs and building retrofits to reduce consumption
• Waste-reduction and water-conservation initiatives at portfolio properties
• Community engagement, workforce policies and vendor standards
• Public ESG reporting metrics and GHG emissions tracking where published

Investors that prioritize ESG should consult the company’s sustainability disclosures and third-party ESG scoring providers for independent assessments.

Investor relations and reporting

Official investor resources for pk stock include the company investor relations website, press releases, earnings presentations, SEC filings (Forms 10-Q and 10-K) and proxy statements. These primary sources provide verified figures for revenue, FFO, dividends, debt schedules and management commentary.

As of Feb 19, 2026, Benzinga reported that Park Hotels & Resorts (pk stock) planned to release fourth-quarter results after market close; always check the company’s investor relations page for exact release timing, archived presentations and supplemental materials.

See also

• Lists of publicly traded REITs
• Comparable lodging REITs and peers (for peer benchmarking and sector context)
• Hotel industry metrics: RevPAR, ADR, occupancy and NOI

References

• Company investor relations materials and SEC filings (10-Q, 10-K, Proxy)
• Benzinga coverage and analyst-note aggregation (reported Feb 19, 2026 snapshot for pk stock)
• Financial-data providers and market-quote services for price, volume and market-cap snapshots
• Industry research on lodging REIT metrics and valuation

(Reporting note: As of Feb 19, 2026, per Benzinga, Park Hotels & Resorts was quoted near $11.59 and reported a dividend yield of approximately 8.63%. Benzinga also summarized analyst coverage and price-target adjustments through late 2025 and early 2026.)

External links and company resources

• Park Hotels & Resorts — investor relations (refer to company materials for filings and presentations)
• Market-data providers and brokerage platforms for live quotes and analyst coverage

Notes on scope and exclusions

This article addresses the publicly traded REIT Park Hotels & Resorts (ticker PK) and is not a coverage of any unrelated entities or miscellaneous acronym meanings. No cryptocurrency token named "PK" was identified in the cited sources for inclusion in this article.

Practical next steps for readers researching pk stock

• For up-to-date price, dividend, and market-cap information about pk stock, consult a current market-quote provider or brokerage platform.
• Review the company’s latest Form 10-Q / Form 10-K and earnings presentation to confirm recent results, FFO and dividend coverage.
• Examine the debt maturity schedule and credit agreements disclosed in filings to understand refinancing risk.
• If interested in trading related products, check platform eligibility and product availability; for tokenized or crypto-linked services, Bitget is a platform to review (confirm regulatory availability in your jurisdiction).

Further exploration of pk stock can include a property-level deep dive (RevPAR and ADR trends by hotel), FFO-per-share history, and a historical dividend table—items often supplied in investor presentations or supplemental filings.

Reminder: This article is for informational and educational purposes only. It does not provide investment advice or recommendations about buying or selling pk stock or any other security.

Sources cited: Park Hotels & Resorts investor relations and SEC filings; Benzinga reporting and analyst summaries as of Feb 19, 2026; market-data providers for quote-level context. For precise, up-to-date figures, refer to primary filings and live market data.