Extended Stay America Receives Average Rating of “Buy” from Brokerages (NASDAQ:STAY)
Extended Stay America (NASDAQ:STAY) has earned an average recommendation of “Buy” from the eleven analysts that are covering the stock, Analyst Ratings.Net reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.83.
Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Extended Stay America from $28.00 to $27.00 in a research note on Monday. They now have an “overweight” rating on the stock.
Extended Stay America (NASDAQ:STAY) opened at 23.74 on Monday. Extended Stay America has a 52 week low of $20.62 and a 52 week high of $26.83. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $23.29. The company has a market cap of $4.860 billion and a P/E ratio of 50.73.
Extended Stay America (NASDAQ:STAY) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.01. The company had revenue of $321.90 million for the quarter, compared to the consensus estimate of $319.11 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Extended Stay America will post $0.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 12th.
In other Extended Stay America news, major shareholder Real Estate Partner Blackstone unloaded 8,050,000 shares of Extended Stay America stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $21.10, for a total value of $169,855,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
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