Shares of CorePoint Lodging Inc (NYSE:CPLG) have been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating. CorePoint Lodging’s rating score has declined by 66.7% in the last 90 days as a result of various analysts’ ratings changes.

Brokerages have set a twelve-month consensus price objective of $11.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given CorePoint Lodging an industry rank of 148 out of 256 based on the ratings given to related companies.

Several analysts recently commented on CPLG shares. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday. TheStreet raised Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. started coverage on Pinduoduo in a research note on Tuesday. They set an “underweight” rating and a $20.48 price objective on the stock.

Institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of CorePoint Lodging by 43.3% in the 4th quarter. FMR LLC now owns 8,887,452 shares of the company’s stock valued at $108,872,000 after purchasing an additional 2,684,291 shares during the period. BlackRock Inc. raised its stake in shares of CorePoint Lodging by 7.1% in the 4th quarter. BlackRock Inc. now owns 3,132,905 shares of the company’s stock valued at $38,378,000 after purchasing an additional 207,447 shares during the period. Donald Smith & CO. Inc. acquired a new stake in shares of CorePoint Lodging in the 1st quarter valued at about $33,510,000. D. E. Shaw & Co. Inc. raised its stake in shares of CorePoint Lodging by 16.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,302 shares of the company’s stock valued at $13,577,000 after purchasing an additional 154,277 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of CorePoint Lodging by 22.7% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 747,594 shares of the company’s stock valued at $8,350,000 after purchasing an additional 138,083 shares during the period. 92.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of CPLG stock traded up $0.06 during trading hours on Friday, reaching $12.06. The company had a trading volume of 8,275 shares, compared to its average volume of 333,010. The firm’s 50 day simple moving average is $12.65. The firm has a market capitalization of $715.16 million and a price-to-earnings ratio of 5.84. CorePoint Lodging has a 1-year low of $10.16 and a 1-year high of $26.57.

CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The business had revenue of $208.00 million for the quarter, compared to analyst estimates of $202.35 million. CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. As a group, equities analysts expect that CorePoint Lodging will post 1.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.63%. The ex-dividend date is Thursday, June 27th. CorePoint Lodging’s 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.

Further Reading: Stock Symbols Definition, Examples, Lookup

Get a free copy of the Zacks research report on CorePoint Lodging (CPLG)

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.