GSA Capital Partners LLP lifted its stake in Extended Stay America (NYSE:STAY) by 211.7% in the third quarter, HoldingsChannel.com reports. The fund owned 99,976 shares of the company’s stock after purchasing an additional 67,900 shares during the period. GSA Capital Partners LLP’s holdings in Extended Stay America were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Extended Stay America by 22.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 124,742 shares of the company’s stock valued at $2,696,000 after buying an additional 22,810 shares during the last quarter. Financial Architects Inc bought a new position in shares of Extended Stay America during the third quarter valued at about $450,000. Kendall Capital Management grew its stake in shares of Extended Stay America by 7.4% during the third quarter. Kendall Capital Management now owns 76,475 shares of the company’s stock valued at $1,547,000 after buying an additional 5,260 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Extended Stay America by 54.9% during the second quarter. Russell Investments Group Ltd. now owns 826,984 shares of the company’s stock valued at $17,837,000 after buying an additional 293,222 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Extended Stay America during the second quarter valued at about $1,156,000. 96.67% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:STAY opened at $18.20 on Monday. Extended Stay America has a 12-month low of $15.73 and a 12-month high of $22.58.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.88 annualized dividend and a dividend yield of 4.84%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Extended Stay America from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. JPMorgan Chase & Co. reduced their price objective on Extended Stay America from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Finally, Bank of America raised their price objective on Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $22.56.
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Extended Stay America Company Profile
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
Further Reading: Stock Symbol
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