PShares of ark Hotels & Resorts (PK) rose 5.9% in the last trading session to close at $13.86. This move may be attributable to noticeable volume with a higher number of shares traded than in a typical session. That compares to the stock’s 32% loss over the past four weeks.

This heightened optimism reflects the recovery in the fundamentals of the entire accommodation industry.

This company is expected to post quarterly funds from operations (FFO) of $0.49 per share in its next report, representing a year-over-year change of +406.3%. Revenue is expected to be $650.67 million, up 101.5% from the prior year quarter.

While FFO and revenue growth forecasts are important in gauging a stock’s potential strength, empirical research shows a strong correlation between trends in FFO estimate revisions and short-term stock price movements.

For Park Hotels & Resorts, the consensus estimate of FFO per share for the quarter has been revised up 1.7% in the last 30 days from the current level. And a positive trend in the revision of the FFO estimate usually results in price appreciation. So be sure to keep an eye on PK to see if that recent jump can turn into more strength down the road.

The stock currently carries a Zacks rank of No. 2 (buy). You can see the full list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Park Hotels & Resorts belongs to the Zacks REIT and Equity Trust – Other sector. Another stock in the same sector, WP Carey (WPC), closed the last trading session down 0.4% at $81.14. Over the past month, the WPC has returned -1.8%.

WP Carey’s consensus FFO per share estimate for the upcoming report was unchanged over the past month at $1.29. Compared to the company’s FFO per share a year ago, this represents a change of +1.6%. WP Carey currently has a Zacks rank of #3 (Hold).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.