CorePoint Lodging Inc (NYSE:CPLG) has received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Brokerages have set a one year consensus target price of $6.00 for the company and are forecasting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given CorePoint Lodging an industry rank of 94 out of 255 based on the ratings given to related companies.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of CorePoint Lodging from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “strong-buy” rating and set a $11.00 price target for the company in a report on Tuesday, October 15th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPLG. Quantamental Technologies LLC boosted its holdings in CorePoint Lodging by 30.7% in the second quarter. Quantamental Technologies LLC now owns 6,013 shares of the company’s stock worth $75,000 after acquiring an additional 1,413 shares in the last quarter. Swiss National Bank boosted its stake in CorePoint Lodging by 2.2% during the second quarter. Swiss National Bank now owns 77,750 shares of the company’s stock valued at $963,000 after buying an additional 1,700 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in CorePoint Lodging by 2.9% during the third quarter. Russell Investments Group Ltd. now owns 67,848 shares of the company’s stock valued at $686,000 after buying an additional 1,900 shares during the last quarter. Aperio Group LLC bought a new position in CorePoint Lodging during the second quarter valued at approximately $25,000. Finally, Nisa Investment Advisors LLC boosted its stake in CorePoint Lodging by 44.8% during the third quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $74,000 after buying an additional 2,273 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.
Shares of NYSE:CPLG traded up $0.09 during midday trading on Tuesday, hitting $9.92. 4,674 shares of the company’s stock traded hands, compared to its average volume of 219,022. The company has a market cap of $599.62 million, a PE ratio of 4.81 and a beta of 1.01. The firm’s fifty day moving average price is $10.02 and its two-hundred day moving average price is $11.32. CorePoint Lodging has a twelve month low of $7.25 and a twelve month high of $16.16.
CorePoint Lodging (NYSE:CPLG) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.67). CorePoint Lodging had a negative return on equity of 6.95% and a negative net margin of 28.49%. The firm had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $226.19 million. On average, equities research analysts forecast that CorePoint Lodging will post 1.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.06%. CorePoint Lodging’s payout ratio is currently 38.83%.
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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