CorePoint Lodging (NYSE:CPLG) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “Corepoint Lodging Inc is a real-estate investment trust. It focused on select-service midscale and upper-midscale lodging. The company owns a diverse portfolio of hotels. Corepoint Lodging Inc is based in Irving, United States. “
Separately, TheStreet cut CorePoint Lodging from a c rating to a d rating in a research report on Friday, April 5th.
CorePoint Lodging (NYSE:CPLG) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The firm had revenue of $208.00 million for the quarter, compared to analyst estimates of $202.35 million. CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. Research analysts forecast that CorePoint Lodging will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Thursday, June 27th. CorePoint Lodging’s dividend payout ratio is presently 38.83%.
A number of institutional investors have recently bought and sold shares of CPLG. Donald Smith & CO. Inc. purchased a new stake in CorePoint Lodging during the 1st quarter worth about $33,510,000. FMR LLC increased its position in CorePoint Lodging by 43.3% during the 4th quarter. FMR LLC now owns 8,887,452 shares of the company’s stock worth $108,872,000 after purchasing an additional 2,684,291 shares in the last quarter. Norges Bank purchased a new stake in CorePoint Lodging during the 4th quarter worth about $4,201,000. Dean Investment Associates LLC purchased a new stake in CorePoint Lodging during the 1st quarter worth about $3,293,000. Finally, Boston Partners purchased a new stake in CorePoint Lodging in the 1st quarter valued at about $3,043,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.
About CorePoint Lodging
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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