10 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

Page 4 of 4

6. Park Hotels & Resorts Inc. (NYSE:PK)

Number of Hedge Fund Holders: 29

Dividend Yield as of April 25: 8.93%

On April 7, Barclays downgraded Park Hotels & Resorts Inc. (NYSE:PK) to Equal Weight from Overweight. It also lowered the price target on the stock to $9 from $13. The firm pointed to the stock’s relative valuation as the main reason for the downgrade. It also said it no longer expects Park to complete its non-core asset sale program during 2026. In its view, the shares offer limited upside in the near to medium term.

During the Q4 2025 earnings call, CFO and COO Sean Dell’Orto outlined the company’s outlook for 2026. Full-year RevPAR growth is expected to range from flat to an increase of up to 2%. Expense growth is projected to stay in the low single digits. Adjusted EBITDA is expected to come in between $580 million and $610 million. Adjusted FFO per share is guided to a range of $1.73 to $1.89.

Management said the guidance does not include any meaningful upside from World Cup-related demand at the Royal Palm property. It also excludes the impact of any additional non-core asset sales in 2026. The outlook assumes the refinancing of $1.4 billion in debt at a blended interest rate of 5.5%.

Park Hotels & Resorts Inc. (NYSE:PK) is a lodging real estate investment trust with a portfolio of hotels and resorts across the United States. The company owns around 34 properties with about 23,000 rooms. It operates through three segments: Core hotels, consolidated non-core hotels, and unconsolidated hotels.

While we acknowledge the potential of PK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PK and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

Disclosure: None. Follow Insider Monkey on Google News.

Page 4 of 4