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Restricted stock typically is that issued to company insiders with limits on when it may be traded. To calculate, start with total shares outstanding and subtract the number of restricted shares. Public Float The number of shares in the hands of public investors and available to trade.
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Shares Outstanding Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public. For companies with multiple common share classes, market capitalization includes both classes. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Market Capitalization Reflects the total market value of a company. Earnings Per Share (TTM) A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding. Since then, PK stock has been steadily recovering, hitting a 52-week high of $24.60 on March 17, 2021.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. The PK stock price fell to a low of $4.92 per share during the pandemic, which was a nearly 81% decrease from where it started in 2020. Source: Company press release PK Stock Performance They also increased their occupancy rate in May by 3.7% over April.
Pk stock update#
The company has been providing regular business updates to keep investors informed on their progress of reopening hotels, as well as revenue and occupancy figures.Īccording to a business update the company issued on June 8, 2021, the company has 55 of their 59 properties open, making up about 86% of their total room count. Since then, the REIT has been working with its operators to slowly reopen hotels to work toward resuming normal operations. The entire hospitality industry was hit hard by the COVID-19 pandemic, and Park Hotels & Resorts is no exception.Įarly on in the pandemic, the company shut down nearly half of their hotels and implemented cost-cutting measures in their remaining properties. The REIT’s portfolio includes 12 resorts, 20 prime city center hotels, 7 convention centers, and 20 hotels located near airports and other strategic locations. The company’s portfolio is currently made up of 59 properties in top destination markets, such as Hawaii, San Francisco, Orlando, New Orleans, Boston, Chicago, New York City, Denver, San Diego, Miami, Washington D.C. Park Hotels & Resorts Real Estate Portfolio Their hotel properties include brands such as Hilton, Marriott, and Hyatt. The REIT partners with both brand and third-party operators to manage its hotel and resort properties. The hotel REIT later acquired Chesapeake Lodging Trust in September 2019, adding a new variety of premium-branded hotels to its portfolio. Park Hotels & Resorts was created in January of 2017 from a spinoff from Hilton Hotels. 2021 Q1 Financial Data for Park Hotels & Resorts.Park Hotels & Resorts Real Estate Portfolio.