Investec Asset Management North America Inc. reduced its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 537,611 shares of the company’s stock after selling 45,547 shares during the quarter. Investec Asset Management North America Inc. owned about 0.28% of Extended Stay America worth $10,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Extended Stay America by 3.3% during the first quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock valued at $457,000 after purchasing an additional 918 shares during the last quarter. Paragon Capital Management Ltd grew its stake in shares of Extended Stay America by 15.1% during the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock valued at $224,000 after purchasing an additional 1,521 shares during the last quarter. Reinhart Partners Inc. grew its stake in shares of Extended Stay America by 1.4% during the second quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock valued at $2,741,000 after purchasing an additional 1,980 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Extended Stay America by 50.7% during the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after purchasing an additional 2,658 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Extended Stay America by 26.6% during the second quarter. Teacher Retirement System of Texas now owns 13,194 shares of the company’s stock valued at $255,000 after purchasing an additional 2,774 shares during the last quarter. 99.44% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on STAY. Robert W. Baird reissued a “buy” rating and set a $21.00 price target 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 cut shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of Extended Stay America in a research note on Thursday, June 29th. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.67.

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Shares of Extended Stay America, Inc. (STAY) traded down 0.95% during trading on Friday, reaching $19.86. 3,109,467 shares of the company traded hands. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 25.49 and a beta of 1.06. The company has a 50 day moving average price of $19.20 and a 200 day moving average price of $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 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). Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business had revenue of $338.36 million for the quarter, compared to the consensus estimate of $342.70 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Extended Stay America, Inc. will post $1.02 EPS for the current year.

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

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.

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

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