River Road Asset Management LLC bought a new stake in Extended Stay America, Inc. (NYSE:STAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,821,119 shares of the company’s stock, valued at approximately $73,977,000. Extended Stay America accounts for 1.4% of River Road Asset Management LLC’s portfolio, making the stock its 12th largest position. River Road Asset Management LLC owned about 1.99% of Extended Stay America at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of STAY. Swiss National Bank raised its position in shares of Extended Stay America by 29.2% in the first quarter. Swiss National Bank now owns 225,186 shares of the company’s stock valued at $3,589,000 after buying an additional 50,900 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of Extended Stay America during the first quarter valued at approximately $15,441,000. Comerica Bank raised its position in shares of Extended Stay America by 0.5% in the first quarter. Comerica Bank now owns 1,216,016 shares of the company’s stock valued at $21,706,000 after buying an additional 6,374 shares during the last quarter. AEW Capital Management L P raised its position in shares of Extended Stay America by 2.6% in the first quarter. AEW Capital Management L P now owns 3,355,879 shares of the company’s stock valued at $53,493,000 after buying an additional 86,300 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Extended Stay America by 74.8% in the first quarter. First Trust Advisors LP now owns 204,627 shares of the company’s stock valued at $3,262,000 after buying an additional 87,587 shares during the last quarter. Institutional investors own 99.44% of the company’s stock.

Shares of Extended Stay America, Inc. (NYSE:STAY) opened at 18.82 on Monday. The company has a market cap of $3.62 billion, a P/E ratio of 24.16 and a beta of 1.06. The company has a 50 day moving average price of $19.30 and a 200 day moving average price of $18.03. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.50.

Extended Stay America (NYSE:STAY) last posted its earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $338.36 million for 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%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities research analysts expect that Extended Stay America, Inc. will post $1.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.45%. Extended Stay America’s payout ratio is presently 247.06%.

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Several brokerages have recently commented on STAY. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. BidaskClub lowered Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.40.

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.

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

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