CorePoint Lodging (NYSE:CPLG) Shares Down 1.9%

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CorePoint Lodging Inc (NYSE:CPLG)’s stock price traded down 1.9% on Thursday . The stock traded as low as $7.25 and last traded at $8.93, 11,787 shares traded hands during trading. A decline of 97% from the average session volume of 357,809 shares. The stock had previously closed at $9.10.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded CorePoint Lodging from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $13.00 to $11.00 in a research note on Tuesday, July 9th. ValuEngine upgraded CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th.

The business has a 50-day moving average of $11.84 and a 200-day moving average of $12.58. The firm has a market cap of $631.28 million, a price-to-earnings ratio of 4.33 and a beta of 0.84.

CorePoint Lodging (NYSE:CPLG) last released its earnings results on Tuesday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.67). The company had revenue of $219.00 million during the quarter, compared to analyst estimates of $226.19 million. CorePoint Lodging had a negative net margin of 31.35% and a negative return on equity of 7.22%. On average, analysts forecast that CorePoint Lodging Inc will post 1.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend is Friday, September 27th. CorePoint Lodging’s payout ratio is presently 38.83%.

A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in shares of CorePoint Lodging by 6.8% during the 4th quarter. Legal & General Group Plc now owns 14,483 shares of the company’s stock valued at $177,000 after purchasing an additional 916 shares in the last quarter. Quantamental Technologies LLC increased its holdings in shares of CorePoint Lodging by 29.1% during the first quarter. Quantamental Technologies LLC now owns 4,600 shares of the company’s stock worth $51,000 after buying an additional 1,037 shares in the last quarter. Swiss National Bank increased its holdings in shares of CorePoint Lodging by 2.2% during the second quarter. Swiss National Bank now owns 77,750 shares of the company’s stock worth $963,000 after buying an additional 1,700 shares in the last quarter. Quantitative Systematic Strategies LLC increased its holdings in shares of CorePoint Lodging by 14.7% during the first quarter. Quantitative Systematic Strategies LLC now owns 15,614 shares of the company’s stock worth $174,000 after buying an additional 1,999 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in shares of CorePoint Lodging during the second quarter worth $25,000. Institutional investors own 93.05% of the company’s stock.

CorePoint Lodging Company Profile (NYSE:CPLG)

CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.

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