Extended Stay America, Inc. (NYSE:STAY) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado grew its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 122.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,202 shares of the company’s stock after buying an additional 2,867 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Extended Stay America were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oxford Asset Management bought a new stake in shares of Extended Stay America during the first quarter worth $241,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Extended Stay America by 474.3% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 801,040 shares of the company’s stock worth $12,768,000 after purchasing an additional 661,554 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Extended Stay America by 4.1% during the first quarter. OppenheimerFunds Inc. now owns 2,783,106 shares of the company’s stock worth $44,363,000 after purchasing an additional 109,486 shares during the period. Morgan Stanley lifted its holdings in shares of Extended Stay America by 21.5% during the first quarter. Morgan Stanley now owns 1,205,200 shares of the company’s stock worth $19,211,000 after purchasing an additional 213,232 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Extended Stay America by 101.8% during the first quarter. Renaissance Technologies LLC now owns 1,276,400 shares of the company’s stock worth $20,346,000 after purchasing an additional 643,800 shares during the period. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently commented on STAY. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus reiterated 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. Robert W. Baird reiterated a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $19.67.

Extended Stay America, Inc. (NYSE:STAY) opened at 20.05 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 25.74 and a beta of 1.06. Extended Stay America, Inc. has a 12-month low of $13.00 and a 12-month high of $20.51. The company has a 50-day moving average of $19.20 and a 200 day moving average of $18.21.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $338.36 million during the quarter, compared to the consensus estimate of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. Extended Stay America’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Equities analysts expect that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Friday, August 11th. Extended Stay America’s dividend payout ratio (DPR) is presently 247.06%.

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.

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

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