According to Zacks, “Corepoint Lodging Inc is a real-estate investment trust. It focused on select-service midscale and upper-midscale lodging. The company owns a diverse portfolio of hotels. Corepoint Lodging Inc is based in Irving, United States. “
Separately, TheStreet lowered shares of CorePoint Lodging from a “c” rating to a “d” rating in a research note on Friday, April 5th.
CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.16). CorePoint Lodging had a negative net margin of 31.35% and a negative return on equity of 7.22%. The business had revenue of $208.00 million during the quarter, compared to analyst estimates of $202.35 million. Equities analysts expect that CorePoint Lodging will post 1.95 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC grew its position in shares of CorePoint Lodging by 29.1% in the 1st quarter. Quantamental Technologies LLC now owns 4,600 shares of the company’s stock valued at $51,000 after acquiring an additional 1,037 shares during the period. Pearl River Capital LLC bought a new position in shares of CorePoint Lodging in the 4th quarter valued at about $63,000. SG Americas Securities LLC bought a new position in shares of CorePoint Lodging in the 4th quarter valued at about $114,000. BNP Paribas Arbitrage SA grew its position in shares of CorePoint Lodging by 38.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,600 shares of the company’s stock valued at $107,000 after acquiring an additional 2,662 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CorePoint Lodging in the 1st quarter valued at about $130,000. 92.91% of the stock is owned by institutional investors.
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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