Deutsche Bank began coverage on shares of CorePoint Lodging (NYSE:CPLG) in a research note published on Friday morning, The Fly reports. The firm issued a buy rating and a $15.00 target price on the stock.

Several other equities research analysts also recently issued reports on the company. ValuEngine downgraded CorePoint Lodging from a buy rating to a hold rating in a report on Wednesday, November 13th. Zacks Investment Research upgraded CorePoint Lodging from a sell rating to a hold rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. CorePoint Lodging presently has an average rating of Hold and an average target price of $12.33.

Shares of CPLG stock traded up $0.29 on Friday, hitting $10.56. The stock had a trading volume of 255,688 shares, compared to its average volume of 237,374. The firm has a market capitalization of $605.30 million, a P/E ratio of 5.13 and a beta of 1.10. CorePoint Lodging has a 1 year low of $7.25 and a 1 year high of $14.93. The company’s 50 day moving average price is $10.32 and its 200-day moving average price is $10.45.

CorePoint Lodging (NYSE:CPLG) last posted its quarterly earnings data on Wednesday, November 13th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.65). The firm had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $216.31 million. CorePoint Lodging had a negative net margin of 29.01% and a negative return on equity of 7.28%. Equities analysts forecast that CorePoint Lodging will post 1.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 27th. This represents a $0.80 annualized dividend and a yield of 7.58%. CorePoint Lodging’s dividend payout ratio (DPR) is 38.83%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY increased its holdings in CorePoint Lodging by 14.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,917 shares of the company’s stock worth $151,000 after purchasing an additional 1,880 shares during the period. Russell Investments Group Ltd. increased its holdings in CorePoint Lodging by 2.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,848 shares of the company’s stock worth $686,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC increased its holdings in CorePoint Lodging by 44.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock worth $74,000 after purchasing an additional 2,273 shares during the period. Tower Research Capital LLC TRC purchased a new stake in CorePoint Lodging during the 3rd quarter worth about $37,000. Finally, Rhumbline Advisers increased its holdings in CorePoint Lodging by 7.0% during the 3rd quarter. Rhumbline Advisers now owns 72,096 shares of the company’s stock worth $729,000 after purchasing an additional 4,742 shares during the period. Institutional investors own 85.94% of the company’s stock.

About CorePoint Lodging

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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