Extended Stay America, Inc. (NYSE:STAY) Given Consensus Recommendation of “Hold” by Brokerages
Extended Stay America, Inc. (NYSE:STAY) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.20.
A number of research analysts recently weighed in on STAY shares. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, June 20th. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Extended Stay America from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Finally, TheStreet upgraded shares of Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th.
A number of hedge funds and other institutional investors have recently bought and sold shares of STAY. Reinhart Partners Inc. boosted its position in Extended Stay America by 30.9% in the first quarter. Reinhart Partners Inc. now owns 139,610 shares of the company’s stock valued at $2,225,000 after buying an additional 32,980 shares during the period. Great West Life Assurance Co. Can boosted its position in Extended Stay America by 57.2% in the first quarter. Great West Life Assurance Co. Can now owns 14,559 shares of the company’s stock valued at $232,000 after buying an additional 5,300 shares during the period. Wright Investors Service Inc. boosted its position in Extended Stay America by 11.1% in the first quarter. Wright Investors Service Inc. now owns 15,270 shares of the company’s stock valued at $243,000 after buying an additional 1,530 shares during the period. Wells Fargo & Company MN boosted its position in Extended Stay America by 6.0% in the first quarter. Wells Fargo & Company MN now owns 168,655 shares of the company’s stock valued at $2,688,000 after buying an additional 9,563 shares during the period. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in Extended Stay America during the first quarter valued at approximately $531,000. Institutional investors own 97.56% of the company’s stock.
Shares of Extended Stay America (STAY) traded up 1.02% during trading on Friday, reaching $18.75. 1,200,864 shares of the company traded hands. The firm has a 50 day moving average of $19.51 and a 200 day moving average of $17.85. Extended Stay America has a 52 week low of $13.00 and a 52 week high of $20.50. The stock has a market capitalization of $3.61 billion, a PE ratio of 24.07 and a beta of 1.06.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, equities analysts predict that Extended Stay America will post $1.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, August 11th. Extended Stay America’s dividend payout ratio (DPR) is presently 247.06%.
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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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