GSA Capital Partners LLP trimmed its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 30.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,338 shares of the company’s stock after selling 75,423 shares during the period. GSA Capital Partners LLP owned approximately 0.09% of Extended Stay America worth $3,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in Extended Stay America by 3.3% during the first quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock valued at $457,000 after buying an additional 918 shares during the period. Paragon Capital Management Ltd grew its position in Extended Stay America by 15.1% during the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock valued at $224,000 after buying an additional 1,521 shares during the period. Reinhart Partners Inc. grew its position in Extended Stay America by 1.4% during the second quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock valued at $2,741,000 after buying an additional 1,980 shares during the period. Envestnet Asset Management Inc. grew its position in Extended Stay America by 50.7% during the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after buying an additional 2,658 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Extended Stay America by 26.6% during the second quarter. Teacher Retirement System of Texas now owns 13,194 shares of the company’s stock valued at $255,000 after buying an additional 2,774 shares during the period. Institutional investors own 99.39% of the company’s stock.

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Shares of Extended Stay America, Inc. (NYSE STAY) traded down 1.36% during mid-day trading on Tuesday, reaching $19.53. 511,582 shares of the company traded hands. Extended Stay America, Inc. has a 52 week low of $13.00 and a 52 week high of $20.51. The firm has a 50-day moving average price of $19.21 and a 200 day moving average price of $18.26. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 25.07 and a beta of 1.06.

Extended Stay America (NYSE:STAY) last posted 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). Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $342.70 million. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s quarterly 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 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Friday, August 11th. Extended Stay America’s dividend payout ratio is presently 247.06%.

Several analysts recently issued reports on STAY shares. Stifel Nicolaus restated a “buy” rating and set a $21.00 target price (up from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. BidaskClub upgraded shares of Extended Stay America from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, Robert W. Baird restated a “buy” rating and set a $21.00 target price on shares of Extended Stay America in a research report on Friday, September 8th. 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 currently has an average rating of “Buy” and an average target price of $19.67.

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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