CorePoint Lodging Inc (NYSE:CPLG) Given $7.00 Average Target Price by Brokerages

Shares of CorePoint Lodging Inc (NYSE:CPLG) have been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.

Brokerages have set a twelve-month consensus price objective of $7.00 for the company and are forecasting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CorePoint Lodging an industry rank of 91 out of 255 based on the ratings given to related companies.

CPLG has been the topic of several analyst reports. ValuEngine downgraded shares of CorePoint Lodging from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Zacks Investment Research cut shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research note on Monday.

A number of institutional investors and hedge funds have recently modified their holdings of CPLG. Aperio Group LLC bought a new position in shares of CorePoint Lodging during the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC bought a new position in CorePoint Lodging during the third quarter valued at approximately $37,000. Meeder Asset Management Inc. boosted its stake in CorePoint Lodging by 139.7% during the second 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 grew its holdings in CorePoint Lodging by 82.2% during 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 in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in CorePoint Lodging during the 3rd quarter valued at approximately $69,000. 89.18% of the stock is currently owned by institutional investors.

CorePoint Lodging stock traded down $0.05 during trading on Wednesday, reaching $9.95. The company had a trading volume of 7,259 shares, compared to its average volume of 268,112. The firm has a market capitalization of $591.54 million, a price-to-earnings ratio of 4.83 and a beta of 1.01. The firm’s 50-day simple moving average is $9.95 and its 200 day simple moving average is $11.19. CorePoint Lodging has a 52 week low of $7.25 and a 52 week high of $14.93.

CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings results on Wednesday, November 13th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.65). The company had revenue of $215.00 million during the quarter, compared to analysts’ expectations of $216.31 million. CorePoint Lodging had a negative return on equity of 7.28% and a negative net margin of 29.01%. On average, sell-side analysts forecast that CorePoint Lodging will post 1.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.80 dividend on an annualized basis and a yield of 8.04%. CorePoint Lodging’s dividend payout ratio is presently 38.83%.

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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