Cornerstone Capital Management Holdings LLC. trimmed its stake in Extended Stay America Inc (NYSE:STAY) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734,505 shares of the company’s stock after selling 45,172 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.38% of Extended Stay America worth $14,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. California Public Employees Retirement System purchased a new stake in shares of Extended Stay America in the 1st quarter worth approximately $309,000. Dimensional Fund Advisors LP lifted its position in shares of Extended Stay America by 33.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 319,589 shares of the company’s stock worth $5,094,000 after purchasing an additional 80,950 shares during the period. State Street Corp lifted its position in shares of Extended Stay America by 6.7% in the 1st quarter. State Street Corp now owns 1,025,601 shares of the company’s stock worth $16,350,000 after purchasing an additional 64,203 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Extended Stay America by 122.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Extended Stay America by 29.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,802 shares of the company’s stock worth $363,000 after purchasing an additional 4,243 shares during the period. 98.47% of the stock is owned by institutional investors.

STAY has been the subject of several recent analyst reports. Deutsche Bank reduced their price objective on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Nomura reduced their price objective on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Morgan Stanley reduced their price objective on shares of Extended Stay America from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Finally, Robert W. Baird reiterated a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.03.

Shares of Extended Stay America Inc (STAY) traded down $0.31 during trading on Monday, reaching $16.92. 2,864,000 shares of the company’s stock were exchanged, compared to its average volume of 2,163,361. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11. Extended Stay America Inc has a twelve month low of $15.43 and a twelve month high of $20.95. The firm has a market cap of $3,254.48, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 3.05 and a beta of 0.97.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The company had revenue of $350.86 million for the quarter, compared to analyst estimates of $359.70 million. During the same quarter in the previous year, the company posted $0.36 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities research analysts anticipate that Extended Stay America Inc will post 0.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were paid a $0.21 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.96%. Extended Stay America’s payout ratio is currently 215.38%.

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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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