When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
HPT - CorePoint Lodging: Pack Your Bags For 50% Upside As Low Expectations Are Trounced
Hospitality Properties Trust
It’s been a rocky start to life as a public company for CorePoint Lodging (CPLG). Spun-out of La Quinta (LQ) as a portfolio of their wholly-owned hotels in connection with La Quinta’s acquisition by Wyndham Hotels (WH), CPLG shares have seemingly gone down every day since its debut in summer 2018. Damage to date: -50% in less than a year. Ouch.
Now, to be fair, it has been a tough lodging environment with most lodging REITs/C-corps recording pretty bad returns over the same time period, like MAR (-11%), PEB