Credit Agricole S A raised its position in Extended Stay America Inc (NYSE:STAY) by 85.7% during the fourth quarter, Holdings Channel reports. The fund owned 32,121 shares of the company’s stock after buying an additional 14,821 shares during the period. Credit Agricole S A’s holdings in Extended Stay America were worth $519,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in STAY. Baird Financial Group Inc. raised its stake in shares of Extended Stay America by 7.7% in the fourth quarter. Baird Financial Group Inc. now owns 53,241 shares of the company’s stock valued at $860,000 after buying an additional 3,826 shares during the period. Sei Investments Co. raised its stake in shares of Extended Stay America by 1.0% in the third quarter. Sei Investments Co. now owns 574,339 shares of the company’s stock valued at $8,155,000 after buying an additional 5,656 shares during the period. Cipher Capital LP raised its stake in shares of Extended Stay America by 25.0% in the fourth quarter. Cipher Capital LP now owns 32,478 shares of the company’s stock valued at $525,000 after buying an additional 6,495 shares during the period. Westpac Banking Corp raised its stake in shares of Extended Stay America by 8.6% in the third quarter. Westpac Banking Corp now owns 161,100 shares of the company’s stock valued at $2,288,000 after buying an additional 12,700 shares during the period. Finally, Croft Leominster Inc. raised its stake in shares of Extended Stay America by 100.0% in the third quarter. Croft Leominster Inc. now owns 30,000 shares of the company’s stock valued at $426,000 after buying an additional 15,000 shares during the period. Institutional investors own 88.14% of the company’s stock.

Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

Shares of Extended Stay America Inc (NYSE:STAY) opened at 16.28 on Tuesday. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $15.52. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 46.78 and a beta of 1.00. Extended Stay America Inc has a one year low of $13.00 and a one year high of $17.87.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $295.70 million for the quarter, compared to the consensus estimate of $292.55 million. Extended Stay America had a return on equity of 13.15% and a net margin of 9.45%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Equities research analysts expect that Extended Stay America Inc will post $1.00 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 14th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, March 10th. Extended Stay America’s payout ratio is currently 128.81%.

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STAY has been the subject of several recent research reports. Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, December 28th. MKM Partners raised Extended Stay America from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $19.00 in a report on Monday, December 5th. Stifel Nicolaus raised Extended Stay America from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $18.00 in a report on Wednesday, January 25th. They noted that the move was a valuation call. Barclays PLC set a $22.00 price objective on Extended Stay America and gave the stock a “buy” rating in a report on Tuesday, February 14th. Finally, Bank of America Corp raised Extended Stay America from a “neutral” rating to a “buy” rating in a report on Thursday, December 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

In other Extended Stay America news, Director Douglas Gerard Geoga purchased 15,000 shares of the stock in a transaction dated Friday, March 10th. The shares were purchased at an average cost of $16.46 per share, with a total value of $246,900.00. Following the completion of the acquisition, the director now directly owns 126,408 shares in the company, valued at approximately $2,080,675.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

About Extended Stay America

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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