CorePoint Lodging (NYSE:CPLG) Now Covered by Analysts at Deutsche Bank

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Deutsche Bank started coverage on shares of CorePoint Lodging (NYSE:CPLG) in a research note released on Friday morning, The Fly reports. The firm issued a buy rating and a $15.00 price objective on the stock.

Several other analysts have also issued reports on CPLG. ValuEngine lowered shares of CorePoint Lodging from a buy rating to a hold rating in a research report on Wednesday, November 13th. Zacks Investment Research upgraded shares of CorePoint Lodging from a sell rating to a hold rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. CorePoint Lodging has a consensus rating of Hold and a consensus price target of $12.33.

NYSE CPLG opened at $10.56 on Friday. The company has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $10.42. CorePoint Lodging has a 12-month low of $7.25 and a 12-month high of $14.93. The firm has a market cap of $605.29 million, a price-to-earnings ratio of -2.53 and a beta of 1.10.

CorePoint Lodging (NYSE:CPLG) last posted its quarterly earnings results on Wednesday, November 13th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.65). CorePoint Lodging had a negative net margin of 29.01% and a negative return on equity of 7.28%. The business had revenue of $215.00 million for the quarter, compared to analysts’ expectations of $216.31 million. Equities analysts expect that CorePoint Lodging will post 1.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.80 annualized dividend and a yield of 7.58%. CorePoint Lodging’s payout ratio is 38.83%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPLG. Metropolitan Life Insurance Co NY boosted its holdings in shares of CorePoint Lodging by 14.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 14,917 shares of the company’s stock worth $151,000 after purchasing an additional 1,880 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of CorePoint Lodging by 2.9% during the third quarter. Russell Investments Group Ltd. now owns 67,848 shares of the company’s stock worth $686,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of CorePoint Lodging by 44.8% during the third quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock worth $74,000 after purchasing an additional 2,273 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of CorePoint Lodging during the third quarter worth about $37,000. Finally, Rhumbline Advisers boosted its holdings in shares of CorePoint Lodging by 7.0% during the third quarter. Rhumbline Advisers now owns 72,096 shares of the company’s stock worth $729,000 after purchasing an additional 4,742 shares during the period. Institutional investors and hedge funds own 85.94% of the company’s stock.

About CorePoint Lodging

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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