Donald Smith & CO. Inc. bought a new position in shares of CorePoint Lodging Inc (NYSE:CPLG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,000,000 shares of the company’s stock, valued at approximately $33,510,000. CorePoint Lodging comprises about 1.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 20th largest holding. Donald Smith & CO. Inc. owned 5.04% of CorePoint Lodging as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPLG. Strs Ohio boosted its holdings in shares of CorePoint Lodging by 7.0% during the 4th quarter. Strs Ohio now owns 60,676 shares of the company’s stock worth $743,000 after purchasing an additional 3,974 shares during the last quarter. Quantamental Technologies LLC bought a new stake in CorePoint Lodging during the fourth quarter worth about $44,000. Xact Kapitalforvaltning AB bought a new stake in CorePoint Lodging during the fourth quarter worth about $232,000. Rhumbline Advisers lifted its position in CorePoint Lodging by 38.4% during the fourth quarter. Rhumbline Advisers now owns 63,935 shares of the company’s stock worth $783,000 after purchasing an additional 17,747 shares during the period. Finally, SG Americas Securities LLC bought a new stake in CorePoint Lodging during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 92.91% of the company’s stock.
Shares of CPLG traded down $0.21 during trading hours on Wednesday, reaching $12.40. 263,100 shares of the company’s stock traded hands, compared to its average volume of 489,338. The firm’s 50 day simple moving average is $12.82. The company has a market capitalization of $733.52 million and a PE ratio of 6.09. CorePoint Lodging Inc has a 12 month low of $10.16 and a 12 month high of $26.81.
CorePoint Lodging (NYSE:CPLG) last released its earnings results on Tuesday, May 14th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.16). The firm had revenue of $208.00 million during the quarter, compared to the consensus estimate of $202.35 million. CorePoint Lodging had a negative return on equity of 7.22% and a negative net margin of 31.35%. On average, sell-side analysts anticipate that CorePoint Lodging Inc will post 1.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Thursday, June 27th. CorePoint Lodging’s dividend payout ratio (DPR) is presently 38.83%.
Several equities research analysts recently weighed in on CPLG shares. Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. TheStreet cut shares of CorePoint Lodging from a “c” rating to a “d” rating in a research report on Friday, April 5th.
CorePoint Lodging 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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