MetLife Investment Advisors LLC lessened its stake in CorePoint Lodging Inc (NYSE:CPLG) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,376 shares of the company’s stock after selling 10,158 shares during the period. MetLife Investment Advisors LLC’s holdings in CorePoint Lodging were worth $225,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Federated Investors Inc. PA bought a new stake in CorePoint Lodging in the 3rd quarter worth approximately $60,000. Quantamental Technologies LLC bought a new stake in CorePoint Lodging in the 4th quarter worth approximately $44,000. Pearl River Capital LLC bought a new stake in CorePoint Lodging in the 4th quarter worth approximately $63,000. SG Americas Securities LLC bought a new stake in CorePoint Lodging in the 4th quarter worth approximately $114,000. Finally, United Services Automobile Association bought a new stake in CorePoint Lodging in the 3rd quarter worth approximately $222,000. 97.59% of the stock is owned by institutional investors and hedge funds.
CPLG has been the topic of several analyst reports. Zacks Investment Research cut shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. upgraded shares of CorePoint Lodging from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $14.00 in a research note on Wednesday, January 9th.
Shares of CorePoint Lodging stock opened at $12.33 on Friday. CorePoint Lodging Inc has a 1-year low of $10.16 and a 1-year high of $28.30.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.49%. The ex-dividend date was Monday, April 1st. CorePoint Lodging’s dividend payout ratio is presently 38.83%.
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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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