CorePoint Lodging (NYSE:CPLG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of CorePoint Lodging (NYSE:CPLG) from a sell rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th. JPMorgan Chase & Co. assumed coverage on shares of Pinduoduo in a report on Tuesday, July 9th. They issued an underweight rating and a $20.48 target price for the company. Finally, TheStreet raised shares of Voya Financial from a c+ rating to a b- rating in a report on Friday, April 5th.

NYSE:CPLG opened at $12.27 on Tuesday. The stock has a fifty day simple moving average of $12.58. The firm has a market capitalization of $722.71 million and a P/E ratio of 5.96. CorePoint Lodging has a 52 week low of $10.16 and a 52 week high of $26.00.

CorePoint Lodging (NYSE:CPLG) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The firm had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $202.35 million. CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. As a group, analysts forecast that CorePoint Lodging will post 1.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.52%. CorePoint Lodging’s dividend payout ratio (DPR) is 38.83%.

Several institutional investors have recently modified their holdings of CPLG. Quantamental Technologies LLC grew its position in 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 during the period. Nisa Investment Advisors LLC grew its position in CorePoint Lodging by 82.2% during the second quarter. Nisa Investment Advisors LLC now owns 5,073 shares of the company’s stock worth $63,000 after buying an additional 2,288 shares during the period. BNP Paribas Arbitrage SA grew its position in CorePoint Lodging by 38.4% during the first quarter. BNP Paribas Arbitrage SA now owns 9,600 shares of the company’s stock worth $107,000 after buying an additional 2,662 shares during the period. Clear Harbor Asset Management LLC acquired a new position in CorePoint Lodging during the first quarter worth about $130,000. Finally, Metropolitan Life Insurance Co. NY grew its position in CorePoint Lodging by 352.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,037 shares of the company’s stock worth $160,000 after buying an additional 10,158 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.

CorePoint Lodging Company Profile

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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