Shares of Extended Stay America Inc. (NYSE:STAY) have received an average recommendation of “Hold” from the thirteen analysts that are covering the firm. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.11.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Extended Stay America from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Barclays PLC reissued an “overweight” rating and set a $19.00 price target on shares of Extended Stay America in a research report on Friday, September 30th. Bank of America Corp. reissued a “neutral” rating on shares of Extended Stay America in a research report on Monday, July 18th. Goldman Sachs Group Inc. assumed coverage on Extended Stay America in a research report on Monday, September 26th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Citigroup Inc. lowered their price target on Extended Stay America from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, August 17th.
Shares of Extended Stay America (NYSE:STAY) opened at 13.92 on Tuesday. The stock’s 50 day moving average price is $13.97 and its 200 day moving average price is $14.57. Extended Stay America has a 12 month low of $10.56 and a 12 month high of $19.78. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 23.51 and a beta of 0.95.
Extended Stay America (NYSE:STAY) last released its earnings results on Tuesday, October 25th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The firm earned $354.50 million during the quarter, compared to analyst estimates of $268.77 million. Extended Stay America had a return on equity of 13.15% and a net margin of 9.45%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities research analysts predict that Extended Stay America will post $0.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, November 4th. Extended Stay America’s payout ratio is 128.81%.
In related news, major shareholder Paulson & Co. Inc. sold 4,983,333 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $14.16, for a total value of $70,563,995.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new position in shares of Extended Stay America during the second quarter worth approximately $111,000. Fuller & Thaler Asset Management Inc. increased its position in shares of 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 worth $124,000 after buying an additional 7,300 shares in the last quarter. Barclays PLC increased its position in shares of Extended Stay America by 2,175.9% in the second quarter. Barclays PLC now owns 9,263 shares of the company’s stock worth $139,000 after buying an additional 8,856 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Extended Stay America during the second quarter worth approximately $151,000. Finally, Teacher Retirement System of Texas increased its position in shares of 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 worth $171,000 after buying an additional 1,389 shares in the last quarter. 99.69% of the stock is owned by hedge funds and other institutional investors.