Shares of CorePoint Lodging Inc (NYSE:CPLG) traded down 1.9% during mid-day trading on Thursday . The company traded as low as $7.25 and last traded at $8.93, 11,787 shares were traded during trading. A decline of 97% from the average session volume of 357,809 shares. The stock had previously closed at $9.10.
A number of equities analysts have recently issued reports on the stock. ValuEngine raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. cut shares of CorePoint Lodging from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $11.00 in a research report on Tuesday, July 9th.
The company has a market cap of $631.28 million, a P/E ratio of 4.33 and a beta of 0.84. The stock’s 50-day moving average price is $11.84 and its 200-day moving average price is $12.58.
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 issued a $0.20 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.97%. CorePoint Lodging’s dividend payout ratio is presently 38.83%.
Several institutional investors and hedge funds have recently bought and sold shares of CPLG. Aperio Group LLC purchased a new position in shares of CorePoint Lodging in the second quarter valued at about $25,000. Quantamental Technologies LLC raised its holdings in shares of CorePoint Lodging by 29.1% in the 1st 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. Meeder Asset Management Inc. increased its holdings in CorePoint Lodging by 139.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,099 shares of the company’s stock valued at $51,000 after purchasing an additional 2,389 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in CorePoint Lodging by 82.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,073 shares of the company’s stock valued at $63,000 after purchasing an additional 2,288 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in CorePoint Lodging by 38.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,600 shares of the company’s stock valued at $107,000 after purchasing an additional 2,662 shares in the last quarter. 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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