Vident Investment Advisory LLC bought a new position in shares of Extended Stay America Inc (NYSE:STAY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,950 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Extended Stay America by 49.9% during the second quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after buying an additional 5,044,514 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Extended Stay America by 82.3% during the second quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock valued at $234,608,000 after buying an additional 5,469,312 shares in the last quarter. Investec Asset Management LTD grew its holdings in shares of Extended Stay America by 2.2% during the second quarter. Investec Asset Management LTD now owns 8,874,263 shares of the company’s stock valued at $171,806,000 after buying an additional 189,347 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Extended Stay America by 100.6% during the third quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock valued at $134,209,000 after buying an additional 3,365,110 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Extended Stay America by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 4,816,589 shares of the company’s stock valued at $93,233,000 after buying an additional 1,095,624 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Extended Stay America Inc (NYSE STAY) opened at $18.26 on Thursday. 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 52 week low of $15.43 and a 52 week high of $20.95. The company has a market capitalization of $3,581.47, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.97.

Extended Stay America (NYSE:STAY) last issued its earnings results on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $350.86 million during the quarter, compared to analysts’ expectations of $359.70 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. equities research analysts forecast that Extended Stay America Inc will post 0.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.84 dividend on an annualized basis and a yield of 4.60%. Extended Stay America’s dividend payout ratio (DPR) is currently 215.38%.

A number of brokerages have recently weighed in on STAY. Zacks Investment Research downgraded Extended Stay America from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a report on Thursday, October 12th. BidaskClub upgraded Extended Stay America from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Stifel Nicolaus reiterated a “buy” rating and set a $19.50 price target (up previously from $19.25) on shares of Extended Stay America in a report on Tuesday. Finally, Bank of America lowered their price target on Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.06.

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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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