Russell Investments Group Ltd. increased its position in Extended Stay America, Inc. (NYSE:STAY) by 642.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,018,323 shares of the company’s stock after buying an additional 881,130 shares during the period. Russell Investments Group Ltd.’s holdings in Extended Stay America were worth $19,703,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Extended Stay America by 20.5% in the first quarter. Vanguard Group Inc. now owns 10,100,858 shares of the company’s stock worth $161,008,000 after buying an additional 1,718,428 shares in the last quarter. Investec Asset Management LTD acquired a new position in Extended Stay America during the first quarter worth approximately $138,438,000. BlackRock Inc. raised its position in Extended Stay America by 728.7% in the first quarter. BlackRock Inc. now owns 6,648,923 shares of the company’s stock worth $105,986,000 after buying an additional 5,846,567 shares in the last quarter. Ameriprise Financial Inc. raised its position in Extended Stay America by 18.9% in the first quarter. Ameriprise Financial Inc. now owns 3,720,965 shares of the company’s stock worth $59,299,000 after buying an additional 590,617 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Extended Stay America by 64.4% in the first quarter. Prudential Financial Inc. now owns 3,433,051 shares of the company’s stock worth $54,723,000 after buying an additional 1,345,170 shares in the last quarter. Institutional investors own 97.56% of the company’s stock.

Extended Stay America, Inc. (NYSE:STAY) traded up 1.50% during trading on Monday, reaching $19.63. 1,033,572 shares of the company’s stock traded hands. Extended Stay America, Inc. has a 52-week low of $13.00 and a 52-week high of $20.18. The company’s 50 day moving average is $19.47 and its 200-day moving average is $17.72. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 25.20 and a beta of 1.06.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The company had revenue of $338.36 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that Extended Stay America, Inc. will post $1.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, August 11th. Extended Stay America’s dividend payout ratio is presently 247.06%.

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A number of research firms recently commented on STAY. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. BidaskClub lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet raised shares of Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. Finally, ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $18.67.

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

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