Extended Stay America Inc (NYSE:STAY) has received an average recommendation of “Buy” from the eleven brokerages that are covering the stock. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.50.
Several analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.50 price target on shares of Extended Stay America in a research note on Tuesday, April 11th. Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, December 28th. Finally, Barclays PLC set a $22.00 price objective on shares of Extended Stay America and gave the company a “buy” rating in a report on Tuesday, February 14th.
Extended Stay America (NYSE:STAY) traded down 0.0786% during midday trading on Tuesday, reaching $17.2964. The company had a trading volume of 200,149 shares. The company has a 50-day moving average price of $16.55 and a 200-day moving average price of $15.87. Extended Stay America has a one year low of $13.00 and a one year high of $17.87. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 49.7023 and a beta of 1.00.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business earned $295.70 million during the quarter, compared to the consensus estimate of $292.55 million. Extended Stay America had a net margin of 9.45% and a return on equity of 13.15%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts expect that Extended Stay America will post $1.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th were given a dividend of $0.19 per share. The ex-dividend date was Friday, March 10th. This represents a $0.76 dividend on an annualized basis and a yield of 4.39%. Extended Stay America’s dividend payout ratio is presently 128.81%.
In other Extended Stay America news, Director Douglas Gerard Geoga bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $16.46 per share, for a total transaction of $246,900.00. Following the completion of the transaction, the director now directly owns 126,408 shares of the company’s stock, valued at approximately $2,080,675.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Henderson Group PLC acquired a new position in Extended Stay America during the third quarter worth about $8,520,000. Burgundy Asset Management Ltd. purchased a new position in shares of Extended Stay America during the fourth quarter worth $18,823,000. Ameriprise Financial Inc. increased its position in shares of Extended Stay America by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 3,128,050 shares of the company’s stock worth $44,418,000 after buying an additional 354,512 shares during the period. LMR Partners LLP purchased a new position in shares of Extended Stay America during the third quarter worth $2,840,000. Finally, Monashee Investment Management LLC purchased a new position in shares of Extended Stay America during the third quarter worth $4,310,000. Institutional investors own 88.14% of the company’s stock.
About Extended Stay America
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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