Northern Trust Corp lessened its position in CorePoint Lodging Inc (NYSE:CPLG) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,434 shares of the company’s stock after selling 18,287 shares during the quarter. Northern Trust Corp owned about 0.95% of CorePoint Lodging worth $6,939,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CPLG. Federated Investors Inc. PA acquired a new stake in CorePoint Lodging in the 3rd quarter worth $60,000. Quantamental Technologies LLC acquired a new stake in CorePoint Lodging in the 4th quarter worth $44,000. Strs Ohio grew its position in CorePoint Lodging by 7.0% in 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. State of Alaska Department of Revenue grew its position in CorePoint Lodging by 47.0% in the 4th quarter. State of Alaska Department of Revenue now owns 13,505 shares of the company’s stock worth $164,000 after purchasing an additional 4,316 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in CorePoint Lodging in the 4th quarter worth $63,000. Hedge funds and other institutional investors own 97.59% of the company’s stock.
Shares of CorePoint Lodging stock opened at $12.50 on Wednesday. CorePoint Lodging Inc has a twelve month low of $10.16 and a twelve month high of $28.30. The stock has a market cap of $747.33 million and a PE ratio of 6.07.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.80 annualized dividend and a dividend yield of 6.40%. CorePoint Lodging’s dividend payout ratio (DPR) is currently 38.83%.
CPLG has been the topic of several research analyst reports. TheStreet lowered shares of CorePoint Lodging from a “c” rating to a “d” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Wednesday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of CorePoint Lodging from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $16.00 to $14.00 in a research report on Wednesday, January 9th.
CorePoint Lodging Profile
CorePoint Lodging Inc, a real estate investment trust company, focuses on midscale and upper-midscale lodging business. As of May 31, 2018, it had a portfolio of 316 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is headquartered in Irving, Texas.
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