Investec Asset Management LTD increased its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,874,263 shares of the company’s stock after purchasing an additional 189,347 shares during the quarter. Investec Asset Management LTD owned 4.61% of Extended Stay America worth $171,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nationwide Fund Advisors bought a new position in Extended Stay America in the 1st quarter valued at $4,277,000. Russell Investments Group Ltd. grew its position in Extended Stay America by 2,089.8% in the 1st quarter. Russell Investments Group Ltd. now owns 137,193 shares of the company’s stock valued at $2,187,000 after acquiring an additional 130,928 shares during the last quarter. Wells Fargo & Company MN grew its position in Extended Stay America by 6.0% in the 1st quarter. Wells Fargo & Company MN now owns 168,655 shares of the company’s stock valued at $2,688,000 after acquiring an additional 9,563 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Extended Stay America by 57.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 14,559 shares of the company’s stock valued at $232,000 after acquiring an additional 5,300 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Extended Stay America by 74.8% in the 1st quarter. First Trust Advisors LP now owns 204,627 shares of the company’s stock valued at $3,262,000 after acquiring an additional 87,587 shares during the last quarter. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on STAY shares. BidaskClub downgraded Extended Stay America from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Stifel Nicolaus upped their price objective on Extended Stay America from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, June 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research report on Friday, September 8th. Finally, ValuEngine raised Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.67.

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Shares of Extended Stay America, Inc. (STAY) traded down 0.95% during midday trading on Friday, hitting $19.86. The company’s stock had a trading volume of 3,109,467 shares. The firm has a 50-day moving average of $19.20 and a 200 day moving average of $18.22. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 25.49 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.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $342.70 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 4.23%. Extended Stay America’s payout ratio is 247.06%.

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

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