Trade Report: The Extended Stay America Inc. (STAY) Receives Consensus Rating of “Hold” from Analysts

The Extended Stay America Inc. (STAY) Receives Consensus Rating of “Hold” from Analysts

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.

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