AEW Capital Management L P raised its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 3,605,965 shares of the company’s stock after buying an additional 250,086 shares during the period. Extended Stay America comprises 1.7% of AEW Capital Management L P’s investment portfolio, making the stock its 21st largest position. AEW Capital Management L P’s holdings in Extended Stay America were worth $69,811,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in Extended Stay America by 3.3% in the first quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock valued at $457,000 after buying an additional 918 shares during the last quarter. Paragon Capital Management Ltd raised its position in Extended Stay America by 15.1% in the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock valued at $224,000 after buying an additional 1,521 shares during the last quarter. Wright Investors Service Inc. raised 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 last quarter. Reinhart Partners Inc. raised its position in Extended Stay America by 1.4% in the second quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock valued at $2,741,000 after buying an additional 1,980 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after buying an additional 2,658 shares during the last quarter.

Shares of Extended Stay America, Inc. (NYSE:STAY) opened at 18.44 on Friday. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.50. The firm has a market cap of $3.55 billion, a PE ratio of 23.67 and a beta of 1.06. The company has a 50-day moving average of $19.38 and a 200 day moving average of $17.96.

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

The business 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 $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.56%. 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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Several research analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Extended Stay America in a research note on Thursday, June 29th. TheStreet raised shares of Extended Stay America from a “c+” rating to a “b” rating in a research note on Friday, May 5th. BidaskClub lowered shares of Extended Stay America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.40.

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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