Shares of CorePoint Lodging Inc (NYSE:CPLG) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. CorePoint Lodging’s rating score has improved by 40% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $14.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given CorePoint Lodging an industry rank of 107 out of 256 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of CorePoint Lodging from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $14.00 in a research note on Wednesday, January 9th. Zacks Investment Research lowered shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research note on Friday, January 4th.
Shares of CPLG opened at $12.98 on Friday. CorePoint Lodging has a 12 month low of $11.43 and a 12 month high of $28.30.
CorePoint Lodging (NYSE:CPLG) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.18). The firm had revenue of $234.00 million for the quarter, compared to the consensus estimate of $234.85 million. Sell-side analysts expect that CorePoint Lodging will post 2.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 6.16%.
A number of large investors have recently bought and sold shares of CPLG. Loomis Sayles & Co. L P grew its position in CorePoint Lodging by 3.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 298,193 shares of the company’s stock worth $5,800,000 after purchasing an additional 9,077 shares during the last quarter. Northern Trust Corp bought a new position in shares of CorePoint Lodging during the 2nd quarter worth about $15,374,000. FMR LLC bought a new position in shares of CorePoint Lodging during the 2nd quarter worth about $54,284,000. Water Island Capital LLC lifted its holdings in shares of CorePoint Lodging by 28.8% during the 3rd quarter. Water Island Capital LLC now owns 432,153 shares of the company’s stock worth $8,405,000 after acquiring an additional 96,749 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of CorePoint Lodging during the 3rd quarter worth about $263,000. Institutional investors and hedge funds own 94.82% of the company’s stock.
CorePoint Lodging Company Profile
CorePoint Lodging Inc, a real estate investment trust company, focuses on midscale and upper-midscale lodging business. As of May 31, 2018, it had a portfolio of 316 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is headquartered in Irving, Texas.
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