JPMorgan Chase & Co. initiated coverage on shares of CorePoint Lodging (NYSE:CPLG) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued an underweight rating and a $16.00 price objective on the stock.
CPLG stock opened at $16.89 on Monday. CorePoint Lodging has a fifty-two week low of $16.61 and a fifty-two week high of $28.30.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were issued a $0.20 dividend. The ex-dividend date was Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.74%.
CorePoint Lodging Company 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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