CorePoint Lodging (CPLG) Reaches New 12-Month Low at $15.01

CorePoint Lodging Inc (NYSE:CPLG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $15.01 and last traded at $14.93, with a volume of 11624 shares changing hands. The stock had previously closed at $15.16.

Separately, JPMorgan Chase & Co. assumed coverage on shares of CorePoint Lodging in a research report on Monday, October 15th. They set an “underweight” rating and a $16.00 target price for the company.

CorePoint Lodging (NYSE:CPLG) last issued its earnings results on Tuesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The business had revenue of $234.00 million for the quarter, compared to analysts’ expectations of $234.85 million. As a group, analysts anticipate that CorePoint Lodging Inc will post -1.54 EPS for the current year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, December 28th.

Several institutional investors have recently made changes to their positions in CPLG. FMR LLC lifted its holdings in shares of CorePoint Lodging by 196.0% in the third quarter. FMR LLC now owns 6,203,161 shares of the company’s stock worth $120,652,000 after buying an additional 4,107,236 shares in the last quarter. Northern Trust Corp purchased a new stake in CorePoint Lodging in the second quarter valued at approximately $15,374,000. JPMorgan Chase & Co. raised its stake in CorePoint Lodging by 23.0% in the third quarter. JPMorgan Chase & Co. now owns 2,635,424 shares of the company’s stock valued at $51,259,000 after purchasing an additional 492,981 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in CorePoint Lodging by 14,871.1% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 356,462 shares of the company’s stock valued at $6,933,000 after purchasing an additional 354,081 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in CorePoint Lodging by 297.3% in the third quarter. Wells Fargo & Company MN now owns 268,216 shares of the company’s stock valued at $5,216,000 after purchasing an additional 200,708 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

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CorePoint Lodging Company Profile (NYSE:CPLG)

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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