Prudential Financial Inc. boosted its stake in Extended Stay America, Inc. (NYSE:STAY) by 18.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 4,060,739 shares of the company’s stock after buying an additional 627,688 shares during the period. Prudential Financial Inc. owned 2.11% of Extended Stay America worth $78,616,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STAY. Vanguard Group Inc. boosted its position in shares of Extended Stay America by 20.5% in the first quarter. Vanguard Group Inc. now owns 10,100,858 shares of the company’s stock valued at $161,008,000 after buying an additional 1,718,428 shares during the period. Investec Asset Management LTD purchased a new position in shares of Extended Stay America during the first quarter valued at about $138,438,000. BlackRock Inc. boosted its position in shares of Extended Stay America by 728.7% in 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 period. Hamlin Capital Management LLC purchased a new position in shares of Extended Stay America during the second quarter valued at about $102,091,000. Finally, Marshall Wace North America L.P. boosted its position in shares of Extended Stay America by 158.5% in 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 period.

Shares of Extended Stay America, Inc. (NYSE:STAY) opened at 18.88 on Friday. Extended Stay America, Inc. has a 12 month low of $13.00 and a 12 month high of $20.50. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 24.24 and a beta of 1.06. The firm has a 50-day moving average price of $19.30 and a 200 day moving average price of $18.03.

Extended Stay America (NYSE:STAY) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share 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 analyst estimates of $342.70 million. During the same period last year, the business earned $0.31 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, analysts anticipate that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, August 11th. Extended Stay America’s dividend payout ratio (DPR) is 247.06%.

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STAY has been the topic of several research analyst reports. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, June 20th. BidaskClub cut Extended Stay America from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Stifel Nicolaus raised their price objective on Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Finally, TheStreet raised Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Extended Stay America presently has a consensus rating of “Buy” and a consensus target price of $19.40.

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

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