Axa raised its stake in Extended Stay America, Inc. (NYSE:STAY) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,000 shares of the company’s stock after acquiring an additional 17,700 shares during the period. Axa owned 0.12% of Extended Stay America worth $4,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Extended Stay America by 82.6% in the second quarter. Wells Fargo & Company MN now owns 307,920 shares of the company’s stock valued at $5,962,000 after acquiring an additional 139,265 shares in the last quarter. Atlantic Trust Group LLC acquired a new position in Extended Stay America in the second quarter valued at $2,130,000. Cipher Capital LP boosted its stake in Extended Stay America by 159.8% in the second quarter. Cipher Capital LP now owns 201,817 shares of the company’s stock valued at $3,907,000 after acquiring an additional 124,137 shares in the last quarter. Swiss National Bank boosted its stake in Extended Stay America by 42.6% in the second quarter. Swiss National Bank now owns 321,086 shares of the company’s stock valued at $6,216,000 after acquiring an additional 95,900 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Extended Stay America by 84.8% in the second quarter. Principal Financial Group Inc. now owns 3,345,342 shares of the company’s stock valued at $64,766,000 after acquiring an additional 1,534,871 shares in the last quarter. Institutional investors own 99.39% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus restated 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. BidaskClub downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Robert W. Baird restated a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research note on Friday, September 8th. Finally, ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.67.

Shares of Extended Stay America, Inc. (STAY) opened at 19.86 on Monday. The stock has a 50 day moving average of $19.20 and a 200-day moving average of $18.22. The stock has a market capitalization of $3.82 billion, a PE ratio of 25.49 and a beta of 1.06. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.51.

Extended Stay America (NYSE:STAY) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS 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 business had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. During the same period last year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Extended Stay America, Inc. will post $1.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, August 11th. Extended Stay America’s dividend payout ratio (DPR) is presently 247.06%.

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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.

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

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