Dean Investment Associates LLC bought a new position in shares of CorePoint Lodging Inc (NYSE:CPLG) during the first quarter, HoldingsChannel.com reports. The firm bought 294,780 shares of the company’s stock, valued at approximately $3,293,000.
A number of other hedge funds have also recently added to or reduced their stakes in CPLG. FMR LLC lifted its stake in CorePoint Lodging by 43.3% during the fourth quarter. FMR LLC now owns 8,887,452 shares of the company’s stock worth $108,872,000 after purchasing an additional 2,684,291 shares during the period. Vanguard Group Inc. lifted its stake in CorePoint Lodging by 6.9% during the third quarter. Vanguard Group Inc. now owns 5,932,755 shares of the company’s stock worth $115,392,000 after purchasing an additional 380,546 shares during the period. BlackRock Inc. lifted its stake in CorePoint Lodging by 7.1% during the fourth quarter. BlackRock Inc. now owns 3,132,905 shares of the company’s stock worth $38,378,000 after purchasing an additional 207,447 shares during the period. JPMorgan Chase & Co. lifted its stake in CorePoint Lodging by 23.0% during the third quarter. JPMorgan Chase & Co. now owns 2,635,424 shares of the company’s stock worth $51,259,000 after purchasing an additional 492,981 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in CorePoint Lodging by 16.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,108,302 shares of the company’s stock worth $13,577,000 after purchasing an additional 154,277 shares during the period. 94.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of CPLG opened at $12.67 on Thursday. The stock has a market cap of $748.08 million and a price-to-earnings ratio of 6.15. CorePoint Lodging Inc has a 12 month low of $10.16 and a 12 month high of $28.30.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date is Thursday, June 27th. CorePoint Lodging’s dividend payout ratio is 38.83%.
A number of research analysts have commented on CPLG shares. TheStreet cut shares of CorePoint Lodging from a “c” rating to a “d” rating in a research note on Friday, April 5th. Zacks Investment Research upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Monday, March 11th.
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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.
Further Reading: Fiduciary
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