Teachers Insurance & Annuity Association of America lessened its stake in shares of CorePoint Lodging Inc (NYSE:CPLG) by 60.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,130 shares of the company’s stock after selling 23,134 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in CorePoint Lodging were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners bought a new position in shares of CorePoint Lodging in the 1st quarter valued at about $3,043,000. Quantitative Systematic Strategies LLC lifted its holdings in shares of CorePoint Lodging by 49.9% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 23,411 shares of the company’s stock valued at $290,000 after acquiring an additional 7,797 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of CorePoint Lodging by 22.7% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 747,594 shares of the company’s stock valued at $8,350,000 after acquiring an additional 138,083 shares during the last quarter. Quantamental Technologies LLC lifted its holdings in shares of CorePoint Lodging by 30.7% in the 2nd quarter. Quantamental Technologies LLC now owns 6,013 shares of the company’s stock valued at $75,000 after acquiring an additional 1,413 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new position in shares of CorePoint Lodging in the 1st quarter valued at about $33,510,000. 87.00% of the stock is owned by institutional investors and hedge funds.
CorePoint Lodging stock traded up $0.35 during midday trading on Friday, reaching $10.88. The stock had a trading volume of 5,182 shares, compared to its average volume of 596,827. CorePoint Lodging Inc has a 52-week low of $7.25 and a 52-week high of $20.82. The firm has a market cap of $595.01 million, a price-to-earnings ratio of 5.27 and a beta of 0.95. The company has a fifty day moving average of $10.19 and a 200 day moving average of $12.10.
CorePoint Lodging (NYSE:CPLG) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $226.19 million. On average, equities analysts forecast that CorePoint Lodging Inc will post 1.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Friday, September 27th. CorePoint Lodging’s dividend payout ratio (DPR) is currently 38.83%.
A number of research analysts recently commented on CPLG shares. JPMorgan Chase & Co. downgraded shares of CorePoint Lodging from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $13.00 to $11.00 in a report on Tuesday, July 9th. ValuEngine raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a report on Thursday.
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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