News coverage about Extended Stay America (NYSE:STAY) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Extended Stay America earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 72 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Extended Stay America, Inc. (STAY) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Head to Head Review: Extended Stay America (STAY) and Belmond (BEL) (americanbankingnews.com)
- Extended Stay America, Inc. (STAY) Short Interest Update (americanbankingnews.com)
- Extended Stay America Announces Repurchase of Preferred Shares (finance.yahoo.com)
- Comprehensive Stock Analysis Of Extended Stay America, Inc. (STAY) (ismboard.com)
Shares of Extended Stay America (STAY) traded up 0.72% during trading on Tuesday, reaching $19.48. 3,701,484 shares of the company were exchanged. The firm has a 50-day moving average price of $18.11 and a 200-day moving average price of $16.99. Extended Stay America has a 1-year low of $13.00 and a 1-year high of $19.61. The stock has a market capitalization of $3.78 billion, a P/E ratio of 50.47 and a beta of 1.06.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Thursday, April 27th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $291 million during the quarter, compared to analysts’ expectations of $290.20 million. Extended Stay America had a return on equity of 14.43% and a net margin of 5.96%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Equities research analysts predict that Extended Stay America will post $1.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were issued a dividend of $0.21 per share. This is a boost from Extended Stay America’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 4.31%. The ex-dividend date was Tuesday, May 9th. Extended Stay America’s payout ratio is currently 227.03%.
STAY has been the subject of several recent research reports. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday. Stifel Nicolaus boosted their target price on Extended Stay America from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Extended Stay America has an average rating of “Buy” and an average price target of $18.86.
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In other Extended Stay America news, major shareholder Paulson & Co. Inc. sold 10,250,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $17.23, for a total transaction of $176,607,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company’s stock.
Extended Stay America Company Profile
Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.
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