Shares of CorePoint Lodging Inc (NYSE:CPLG) have received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Brokerages have set a twelve-month consensus target price of $6.00 for the company and are expecting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given CorePoint Lodging an industry rank of 94 out of 255 based on the ratings given to its competitors.
CPLG has been the subject of several research analyst reports. Zacks Investment Research raised CorePoint Lodging from a “sell” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research note on Tuesday, October 15th. ValuEngine raised CorePoint Lodging from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.
CorePoint Lodging (NYSE:CPLG) last announced its earnings results on Tuesday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.67). The business had revenue of $219.00 million during 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%. On average, equities analysts forecast that CorePoint Lodging will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend was Friday, September 27th. CorePoint Lodging’s dividend payout ratio is currently 38.83%.
Large investors have recently added to or reduced their stakes in the business. Aperio Group LLC bought a new position in shares of CorePoint Lodging in the 2nd quarter worth $25,000. Tower Research Capital LLC TRC purchased a new stake in CorePoint Lodging in the 3rd quarter valued at $37,000. Meeder Asset Management Inc. raised 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 valued at $51,000 after buying an additional 2,389 shares during the last quarter. Nisa Investment Advisors LLC raised 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 valued at $63,000 after buying an additional 2,288 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in CorePoint Lodging in the 3rd quarter valued at $69,000. 86.94% of the stock is owned by institutional investors and hedge funds.
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.
See Also: P/E Growth (PEG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CorePoint Lodging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CorePoint Lodging and related companies with MarketBeat.com's FREE daily email newsletter.