Extended Stay America Inc (STAY) Position Lifted by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its position in Extended Stay America Inc (NYSE:STAY) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,364 shares of the company’s stock after acquiring an additional 8,742 shares during the quarter. Raymond James Trust N.A.’s holdings in Extended Stay America were worth $634,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Extended Stay America by 49.9% during the second quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock worth $293,215,000 after buying an additional 5,044,514 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Extended Stay America by 100.6% during the third quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock worth $134,209,000 after buying an additional 3,365,110 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Extended Stay America by 103.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock worth $50,396,000 after buying an additional 1,283,070 shares during the last quarter. State Street Corp grew its stake in shares of Extended Stay America by 111.3% during the second quarter. State Street Corp now owns 2,166,817 shares of the company’s stock worth $41,949,000 after buying an additional 1,141,216 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Extended Stay America by 121.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,619,437 shares of the company’s stock worth $32,389,000 after buying an additional 888,945 shares during the last quarter. 98.86% of the stock is currently owned by institutional investors and hedge funds.

STAY has been the topic of a number of research reports. Nomura decreased their target price on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Stifel Nicolaus decreased their target price on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Bank of America decreased their target price on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a research note on Wednesday, December 13th. Finally, ValuEngine cut shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.17.

Extended Stay America Inc (NYSE STAY) opened at $19.08 on Thursday. The company has a market cap of $3,662.26, a price-to-earnings ratio of 18.85, a PEG ratio of 6.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11. Extended Stay America Inc has a fifty-two week low of $15.63 and a fifty-two week high of $21.28.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $350.86 million for 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%. Extended Stay America’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. research analysts forecast that Extended Stay America Inc will post 0.98 EPS for the current year.

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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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Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

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