Extended Stay America (STAY) Shares Gap Up to $18.12

Shares of Extended Stay America Inc (NYSE:STAY) gapped up prior to trading on Tuesday . The stock had previously closed at $17.31, but opened at $18.12. Extended Stay America shares last traded at $18.62, with a volume of 4208300 shares changing hands.

STAY has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $19.50 price target (up previously from $19.25) on shares of Extended Stay America in a research report on Tuesday. ValuEngine cut Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a research report on Friday, September 8th. BidaskClub upgraded Extended Stay America from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Finally, J P Morgan Chase & Co upgraded Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.06.

The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. The company has a market cap of $3,580.00, a PE ratio of 17.60, a PEG ratio of 3.21 and a beta of 0.98.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $350.86 million during the quarter, compared to analyst estimates of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. sell-side analysts forecast that Extended Stay America Inc will post 0.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, November 20th. Extended Stay America’s payout ratio is currently 215.38%.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System purchased a new position in shares of Extended Stay America during the 1st quarter worth $309,000. Dimensional Fund Advisors LP lifted its stake in shares of Extended Stay America by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,589 shares of the company’s stock worth $5,094,000 after purchasing an additional 80,950 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Extended Stay America by 122.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Extended Stay America by 29.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 18,802 shares of the company’s stock worth $363,000 after purchasing an additional 4,243 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Extended Stay America by 159.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,195,714 shares of the company’s stock worth $23,150,000 after purchasing an additional 735,044 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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Extended Stay America Company 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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