Park Hotels & ResortsNYSE: PK

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful completion of the in-clinic portion of its pharmacokinetic (PK) study, a core component of the Company's clinical study plan for its 510(k) pathway for regulatory approval.

TYSONS, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) today announced that it plans to report financial results for the second quarter 2024 after the stock market closes on Wednesday, July 31, 2024. Park will hold a conference call on Thursday, August 1, 2024, at 12:00 p.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.

Given its robust fundamental growth and aligned valuation, we maintain our buy rating on Park Hotels & Resorts Inc. PK REIT's latest results show illustrious unitary growth. Moreover, a spread between asset-level returns and liability costs is encouraging. Despite the high cost, a solid development pipeline and unit upgrades could add value.

Park Hotels & Resorts is a hotel REIT, generating a significant portion of its revenue from the Hawaii and Orlando markets. The market outlook is overall positive and the management has guided for a higher range of FFO per share and adjusted EBITDA this year. This is a conservatively financed business with strong liquidity, but more importantly, the dividend appears to be well-covered and the shares undervalued.

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) ("INBS" or the "Company"), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful recruitment and commencement of screening for subjects in its pharmacokinetic (PK) study, a critical component of the Company's FDA 510(k) regulatory pathway for clearance.

Tysons, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE: PK) announced today the completion of the previously announced cash offer (the “Tender Offer”) to purchase all of their 7.500% Senior Notes due 2025. The Tender Offer ended at 5:00 p.m., New York City time, on May 13, 2024.

TYSONS, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that its subsidiaries, Park Intermediate Holdings LLC, PK Domestic Property LLC, and PK Finance Co-Issuer Inc., have successfully completed the offering of $550 million in senior notes due 2030. The Notes will accrue interest at a rate of 7.000% per year and will mature on February 1, 2030. They are guaranteed by Park, PK Domestic REIT Inc., and certain subsidiaries of the Operating Company.

The real estate sector is the worst performer, with a decrease of more than 5% so far this year. This is due to a widespread selloff caused by persistently high interest rates.

The key figures for Park Hotels & Resorts (PK) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to compare certain metrics with analyst expectations and previous year's results.