12 Best REIT Dividend Stocks to Buy Now

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

Number of Hedge Fund Holders: 26

Park Hotels & Resorts Inc. (NYSE:PK) is an American real estate investment trust that invests primarily in hotel assets. The company’s portfolio includes leading hotel brands as Hilton, Marriott, and Hyatt across urban, resort, and conference-focused locations. A substantial portion of the company’s cash flow is derived from hotel operations, its core business, and the company works to add property value through redevelopment, targeted acquisitions, and dispositions.

There are a few critical areas of focus in Park Hotels & Resorts Inc. (NYSE:PK)’s current strategy. The company is recycling capital from non-core assets to core and high-return projects, including major renovations and refurbishments at Flagship hotels. At the same time, it is focusing on cost management and holding a conservative balance sheet, which is an important consideration in a business characterized by economic cycles and relatively high fixed costs.

The dividend history of Park Hotels & Resorts Inc. (NYSE:PK) makes it look quite attractive for income and value investors. As of October 1, the stock has a dividend yield of 9.07%, and the dividend is $0.25 per quarter.

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