State of Wisconsin Investment Board decreased its stake in shares of Extended Stay America Inc. (NYSE:STAY) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,840 shares of the company’s stock after selling 1,100 shares during the period. State of Wisconsin Investment Board owned about 0.19% of Extended Stay America worth $5,351,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Huntington National Bank bought a new stake in Extended Stay America during the second quarter valued at $111,000. Fuller & Thaler Asset Management Inc. raised its stake in Extended Stay America by 722.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 8,310 shares of the company’s stock valued at $124,000 after buying an additional 7,300 shares in the last quarter. Barclays PLC raised its stake in Extended Stay America by 2,175.9% in the second quarter. Barclays PLC now owns 9,263 shares of the company’s stock valued at $139,000 after buying an additional 8,856 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Extended Stay America during the second quarter valued at $151,000. Finally, Teacher Retirement System of Texas raised its stake in Extended Stay America by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 11,435 shares of the company’s stock valued at $171,000 after buying an additional 1,389 shares in the last quarter.
Extended Stay America Inc. (NYSE:STAY) traded up 0.06% during midday trading on Friday, reaching $15.68. The company had a trading volume of 889,510 shares. The stock’s 50 day moving average is $14.23 and its 200 day moving average is $14.45. The company has a market capitalization of $3.11 billion, a PE ratio of 26.49 and a beta of 0.92. Extended Stay America Inc. has a one year low of $10.56 and a one year high of $17.29.
Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The firm earned $354.50 million during the quarter, compared to the consensus estimate of $268.77 million. Extended Stay America had a net margin of 9.45% and a return on equity of 13.15%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Equities research analysts forecast that Extended Stay America Inc. will post $0.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.76 annualized dividend and a yield of 4.85%. Extended Stay America’s dividend payout ratio (DPR) is presently 128.81%.
Several equities research analysts have recently weighed in on STAY shares. Deutsche Bank AG lowered their price objective on Extended Stay America from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Zacks Investment Research upgraded Extended Stay America from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Stifel Nicolaus upped their price objective on Extended Stay America from $14.50 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, November 15th. Goldman Sachs Group Inc. started coverage on Extended Stay America in a research note on Monday, September 26th. They issued a “neutral” rating and a $14.00 price objective on the stock. Finally, Citigroup Inc. lowered their price objective on Extended Stay America from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 17th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.33.
In other Extended Stay America news, major shareholder Paulson & Co. Inc. sold 4,983,333 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $14.16, for a total transaction of $70,563,995.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Halkyard acquired 10,000 shares of the business’s stock in a transaction on Friday, November 4th. The shares were bought at an average price of $13.83 per share, with a total value of $138,300.00. Following the completion of the transaction, the insider now directly owns 319,566 shares of the company’s stock, valued at $4,419,597.78. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.
Extended Stay America Company Profile