Extended Stay America, Inc. (NYSE:STAY) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, October 7th.
A number of other brokerages also recently issued reports on STAY. Zacks Investment Research downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 price target (up previously from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.75.
Shares of Extended Stay America (NYSE STAY) opened at 20.58 on Friday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 26.42 and a beta of 1.06. Extended Stay America has a 52-week low of $13.26 and a 52-week high of $20.92. The company’s 50-day moving average price is $20.04 and its 200-day moving average price is $18.86.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The firm had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $342.70 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Extended Stay America will post $1.02 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in STAY. BlackRock Inc. raised its position in shares of Extended Stay America by 728.7% during the first quarter. BlackRock Inc. now owns 6,648,923 shares of the company’s stock valued at $105,986,000 after buying an additional 5,846,567 shares during the last quarter. Hamlin Capital Management LLC bought a new stake in shares of Extended Stay America during the second quarter valued at approximately $102,091,000. Vanguard Group Inc. raised its position 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 valued at $293,215,000 after buying an additional 5,044,514 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of Extended Stay America during the second quarter valued at approximately $73,977,000. Finally, Marshall Wace North America L.P. raised its position in shares of Extended Stay America by 158.5% during the second quarter. Marshall Wace North America L.P. now owns 4,115,381 shares of the company’s stock valued at $78,192,000 after buying an additional 2,523,441 shares during the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.
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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