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Park Hotels & Resorts discloses FY'19 guidance, up to $300M share buyback plan

Feb 28, 2019 - SNL Real Estate Daily

Park Hotels & Resorts Inc., in its latest earnings release, outlined its earnings outlook for the 2019 full year, disclosed an up to $300 million stock repurchase program and declared its first-quarter cash dividend.

The lodging real estate investment trust expects 2019 adjusted funds from operations per share in a range of $2.91 to $3.05.

The S&P Global Market Intelligence consensus FFO-per-share estimate for the full year is $2.97.

Park Hotels will pay the first-quarter cash ...