Deutsche Bank set a $22.00 price target on Extended Stay America (NYSE:STAY) in a research note issued to investors on Sunday, TipRanks reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on STAY. Zacks Investment Research downgraded shares of Hanger from a hold rating to a sell rating in a report on Tuesday, May 28th. Jefferies Financial Group reaffirmed a buy rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $20.36.

Shares of STAY stock traded down $0.01 during trading hours on Friday, hitting $16.89. The stock had a trading volume of 25,896 shares, compared to its average volume of 1,753,365. The business has a 50-day simple moving average of $17.06. Extended Stay America has a one year low of $14.77 and a one year high of $22.37.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $277.67 million during the quarter, compared to the consensus estimate of $273.58 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in STAY. Deprince Race & Zollo Inc. lifted its position in Extended Stay America by 17.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,853,689 shares of the company’s stock valued at $28,732,000 after acquiring an additional 274,760 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Extended Stay America by 97.6% in the fourth quarter. First Trust Advisors LP now owns 111,035 shares of the company’s stock valued at $1,721,000 after purchasing an additional 54,833 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Extended Stay America by 8.2% during the fourth quarter. New York State Common Retirement Fund now owns 632,272 shares of the company’s stock valued at $9,800,000 after buying an additional 48,175 shares during the period. BlackRock Inc. lifted its stake in shares of Extended Stay America by 23.2% during the fourth quarter. BlackRock Inc. now owns 10,117,215 shares of the company’s stock valued at $156,815,000 after buying an additional 1,904,908 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Extended Stay America by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 816,713 shares of the company’s stock worth $12,659,000 after purchasing an additional 10,243 shares during the last quarter. Institutional investors own 96.67% of the company’s stock.

Extended Stay America Company Profile

Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.

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Analyst Recommendations for Extended Stay America (NYSE:STAY)

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