Earnings Scheduled For February 22, 2023
Companies Reporting Before The Bell
• Rio Tinto (NYSE:RIO) is projected to report earnings for its Fiscal Year 2022.
Morgan Stanley Maintains Equal-Weight on Park Hotels & Resorts, Raises Price Target to $15
Morgan Stanley analyst Stephen Grambling maintains Park Hotels & Resorts (NYSE:PK) with a Equal-Weight and raises the price target from $14 to $15.
Citigroup Maintains Neutral on Park Hotels & Resorts, Raises Price Target to $15
Citigroup analyst Smedes Rose maintains Park Hotels & Resorts (NYSE:PK) with a Neutral and raises the price target from $13 to $15.
These 2 REITs Have Strong Positive Price Action
A sense that the Federal Reserve will slow the pace of interest rate hikes may be part of the reason real estate investment trusts (REITs) Park Hotels & Resorts Inc. and Weyerhaeuser Co. closed higher last week and hit new three-month highs.
Stocks That Hit 52-Week Lows On Thursday
Thursday's session saw 329 companies set new 52-week lows.
Park Hotels & Resorts Inc. Announces Q4 Dividend Of $0.25 Per Share
Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") announced today that the Company has declared a fourth quarter cash dividend of $0.25 per share of common stock.
Deutsche Bank Maintains Buy on Park Hotels & Resorts, Lowers Price Target to $21
Deutsche Bank analyst Chris Woronka maintains Park Hotels & Resorts (NYSE:PK) with a Buy and lowers the price target from $26 to $21.
REITs Relief Rally: These 4 Majors Had The Biggest Move Up
After many days of serious selling pressure, real estate investment trusts (REITs) found eager and willing buyers on Sept. 28.
Several of the major REITs gained in price by 3% or more, a significant upward move considering the recent downswings. Whether the overall trend lower remains in place is a concern for investors.
3 Hotel REITS With The Highest Upside, According To Analysts
Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets.
Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently touched 52-week lows.
