Mercer Global Advisors Inc. ADV purchased a new stake in CorePoint Lodging Inc (NYSE:CPLG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,770 shares of the company’s stock, valued at approximately $597,000. Mercer Global Advisors Inc. ADV owned approximately 0.08% of CorePoint Lodging at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Investors Inc. PA acquired a new position in shares of CorePoint Lodging in the 3rd quarter worth approximately $60,000. Quantamental Technologies LLC acquired a new position in shares of CorePoint Lodging in the 4th quarter worth approximately $44,000. Pearl River Capital LLC acquired a new position in shares of CorePoint Lodging in the 4th quarter worth approximately $63,000. SG Americas Securities LLC acquired a new position in shares of CorePoint Lodging in the 4th quarter worth approximately $114,000. Finally, United Services Automobile Association acquired a new position in shares of CorePoint Lodging in the 3rd quarter worth approximately $222,000. Institutional investors own 97.66% of the company’s stock.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. TheStreet lowered shares of CorePoint Lodging from a “c” rating to a “d” rating in a research note on Friday, April 5th.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 6.02%. CorePoint Lodging’s dividend payout ratio is currently 38.83%.
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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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