Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Extended Stay America, Inc. (NYSE:STAY) by 210.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,038 shares of the company’s stock after acquiring an additional 7,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Extended Stay America were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Extended Stay America by 3.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock worth $457,000 after buying an additional 918 shares in the last quarter. Paragon Capital Management Ltd grew its stake in Extended Stay America by 15.1% in the 2nd quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock worth $224,000 after buying an additional 1,521 shares in the last quarter. Reinhart Partners Inc. grew its stake in Extended Stay America by 1.4% in the 2nd quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock worth $2,741,000 after buying an additional 1,980 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Extended Stay America by 50.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock worth $126,000 after buying an additional 2,658 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Extended Stay America by 26.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,194 shares of the company’s stock worth $255,000 after buying an additional 2,774 shares in the last quarter. 99.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Extended Stay America, Inc. (NYSE STAY) opened at 19.86 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 25.49 and a beta of 1.06. The company’s 50-day moving average is $19.20 and its 200-day moving average is $18.22. Extended Stay America, Inc. has a 12-month low of $13.00 and a 12-month high of $20.51.

Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $338.36 million for 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Analysts predict that Extended Stay America, Inc. will post $1.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, August 11th. Extended Stay America’s payout ratio is 247.06%.

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A number of brokerages have recently issued reports on STAY. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research note on Friday, September 8th. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research raised 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 research note on Tuesday, June 20th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Finally, Stifel Nicolaus upped their price objective on shares of Extended Stay America from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.67.

Extended Stay America 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.

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

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