CorePoint Lodging Inc (CPLG) Shares Sold by BlackRock Inc.
BlackRock Inc. reduced its stake in shares of CorePoint Lodging Inc (NYSE:CPLG) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,925,458 shares of the company’s stock after selling 32,259 shares during the quarter. BlackRock Inc.’s holdings in CorePoint Lodging were worth $56,899,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in CorePoint Lodging by 13.9% during the 3rd quarter. Rhumbline Advisers now owns 46,188 shares of the company’s stock worth $898,000 after acquiring an additional 5,636 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in CorePoint Lodging during the 3rd quarter worth $178,000. Prudential Financial Inc. purchased a new position in CorePoint Lodging during the 3rd quarter worth $695,000. Strs Ohio purchased a new position in CorePoint Lodging during the 3rd quarter worth $1,102,000. Finally, Bank of New York Mellon Corp purchased a new position in CorePoint Lodging during the 2nd quarter worth $5,014,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.
Several research analysts have issued reports on CPLG shares. Zacks Investment Research downgraded shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. JPMorgan Chase & Co. raised shares of CorePoint Lodging from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $14.00 in a research report on Wednesday.
CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings data on Tuesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.18). The business had revenue of $234.00 million for the quarter, compared to the consensus estimate of $234.85 million. Equities analysts expect that CorePoint Lodging Inc 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. Stockholders of record on Monday, December 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Friday, December 28th.
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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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