Zacks Investment Research upgraded shares of CorePoint Lodging (NYSE:CPLG) from a sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “Corepoint Lodging Inc is a real-estate investment trust. It focused on select-service midscale and upper-midscale lodging. The company owns a diverse portfolio of hotels. Corepoint Lodging Inc is based in Irving, United States. “

Several other research analysts also recently commented on the stock. ValuEngine upgraded shares of CorePoint Lodging from a sell rating to a hold rating in a report on Thursday, August 1st. JPMorgan Chase & Co. downgraded shares of CorePoint Lodging from a neutral rating to an underweight rating and dropped their target price for the stock from $13.00 to $11.00 in a report on Tuesday, July 9th.

Shares of CorePoint Lodging stock traded up $0.22 during midday trading on Thursday, reaching $10.75. 231,418 shares of the company’s stock traded hands, compared to its average volume of 596,827. The company has a market cap of $595.01 million, a price-to-earnings ratio of 5.22 and a beta of 0.95. The company’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $12.10. CorePoint Lodging has a 52 week low of $7.25 and a 52 week high of $20.82.

CorePoint Lodging (NYSE:CPLG) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.67). The business had revenue of $219.00 million for the quarter, compared to the consensus estimate of $226.19 million. CorePoint Lodging had a negative net margin of 28.49% and a negative return on equity of 6.95%. As a group, research analysts expect that CorePoint Lodging will post 1.59 EPS for the current year.

The company 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 of this dividend is Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 7.44%. CorePoint Lodging’s dividend payout ratio (DPR) is presently 38.83%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Aperio Group LLC bought a new position in CorePoint Lodging in the 2nd quarter worth $25,000. Meeder Asset Management Inc. grew its position in CorePoint Lodging by 139.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,099 shares of the company’s stock worth $51,000 after purchasing an additional 2,389 shares during the last quarter. Nisa Investment Advisors LLC grew its position in CorePoint Lodging by 82.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,073 shares of the company’s stock worth $63,000 after purchasing an additional 2,288 shares during the last quarter. Quantamental Technologies LLC grew its position in CorePoint Lodging by 30.7% in the 2nd quarter. Quantamental Technologies LLC now owns 6,013 shares of the company’s stock worth $75,000 after purchasing an additional 1,413 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in CorePoint Lodging by 38.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,600 shares of the company’s stock worth $107,000 after purchasing an additional 2,662 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

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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