Shares of Extended Stay America Inc (NYSE:STAY) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.94.
Several equities research analysts have commented on STAY shares. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. 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. Stifel Nicolaus reiterated a “buy” rating and set a $19.50 price objective (up from $19.25) on shares of Extended Stay America in a research note on Tuesday, December 19th. BidaskClub lowered Extended Stay America from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank lowered their target price on Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.
Several institutional investors have recently modified their holdings of STAY. Caxton Associates LP lifted its holdings in Extended Stay America by 0.4% in the second quarter. Caxton Associates LP now owns 27,400 shares of the company’s stock valued at $530,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock valued at $120,000 after acquiring an additional 367 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Extended Stay America by 20.6% in the third quarter. Teacher Retirement System of Texas now owns 15,910 shares of the company’s stock valued at $318,000 after acquiring an additional 2,716 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in Extended Stay America by 8.1% in the third quarter. Greenwood Capital Associates LLC now owns 43,734 shares of the company’s stock valued at $875,000 after acquiring an additional 3,283 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Extended Stay America by 46.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,479 shares of the company’s stock valued at $199,000 after acquiring an additional 3,340 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.
Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The firm had revenue of $350.86 million for the quarter, compared to analysts’ expectations of $359.70 million. During the same quarter last year, the firm posted $0.36 earnings per share. Extended Stay America’s quarterly revenue was down 1.0% on a year-over-year basis. analysts anticipate that Extended Stay America will post 0.98 earnings per share for the current year.
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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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