Park Hotels and Resorts (PK) hits 52 week low
Park Hotels and Resorts operates as a real estate investment trust which owns and operates hotels and resorts. This companies stock price has averaged for the past five years at $25.15 a share. Currently, the stock price fell to a 52 week low of $4.16.
Is this a positive sign for investors?
The company continues to exceed expected EPS (earnings per share) for the fourth quarter in a row. PK has a P/E (price to earnings) ratio of 4.81, being fairly low, this mean that the competition in the business is tight. PK has a dividend yield of 26.12 which is great for a dividend investor. This may be the time to invest in Park Hotels and Resorts.
How has COVID-19 affected Park Hotels and Resorts?
PK is down -33.88% for the day, -62.86% for the week, and -83.96% for the past three months. The stock took the biggest drop come rise of the coronavirus. Park Hotels and Resorts had to close operations at many hotels. PK has plans to cut costs and draw cash from its $1 billion credit facility come rise of the coronavirus national emergency.
March 18, 2020