Shares of Extended Stay America, Inc. (NYSE:STAY) have earned a consensus rating of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.67.
STAY has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub lowered shares of Extended Stay America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, TheStreet raised shares of Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th.
Shares of Extended Stay America (STAY) traded down 0.50% on Monday, reaching $19.99. 1,010,464 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $19.15 and a 200-day moving average price of $17.48. The company has a market cap of $3.88 billion, a PE ratio of 24.08 and a beta of 1.06. Extended Stay America has a 12-month low of $13.00 and a 12-month high of $20.18.
Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Extended Stay America had a net margin of 5.96% and a return on equity of 14.43%. The business had revenue of $291 million for the quarter, compared to analysts’ expectations of $290.20 million. During the same period last year, the business earned $0.13 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Extended Stay America will post $1.03 EPS for the current fiscal year.
In related news, major shareholder Paulson & Co. Inc. sold 10,250,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $17.23, for a total value of $176,607,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Extended Stay America by 2,089.8% in the first quarter. Russell Investments Group Ltd. now owns 137,193 shares of the company’s stock worth $2,187,000 after buying an additional 130,928 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in Extended Stay America during the first quarter worth about $160,000. First Quadrant L P CA raised its position in Extended Stay America by 965.1% in the first quarter. First Quadrant L P CA now owns 1,140,596 shares of the company’s stock worth $18,181,000 after buying an additional 1,033,503 shares in the last quarter. Nationwide Fund Advisors acquired a new position in Extended Stay America during the first quarter worth about $4,277,000. Finally, Quantitative Systematic Strategies LLC raised its position in Extended Stay America by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 120,600 shares of the company’s stock worth $1,922,000 after buying an additional 31,565 shares in the last quarter. 92.27% of the stock is owned by institutional investors.
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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