Epoch Investment Partners Inc. raised its position in Extended Stay America (NYSE:STAY) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,276,768 shares of the company’s stock after acquiring an additional 38,094 shares during the quarter. Epoch Investment Partners Inc. owned 0.68% of Extended Stay America worth $25,829,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in Extended Stay America by 22.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 124,742 shares of the company’s stock valued at $2,696,000 after acquiring an additional 22,810 shares in the last quarter. Financial Architects Inc acquired a new stake in Extended Stay America in the third quarter valued at approximately $450,000. GSA Capital Partners LLP grew its position in Extended Stay America by 155.3% in the second quarter. GSA Capital Partners LLP now owns 32,076 shares of the company’s stock valued at $693,000 after acquiring an additional 19,510 shares in the last quarter. Kendall Capital Management grew its position in Extended Stay America by 7.4% in the third quarter. Kendall Capital Management now owns 76,475 shares of the company’s stock valued at $1,547,000 after acquiring an additional 5,260 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Extended Stay America by 54.9% in the second quarter. Russell Investments Group Ltd. now owns 826,984 shares of the company’s stock valued at $17,837,000 after acquiring an additional 293,222 shares in the last quarter. 96.67% of the stock is owned by institutional investors.
Several brokerages have issued reports on STAY. Zacks Investment Research downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. JPMorgan Chase & Co. reduced their target price on Extended Stay America from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Finally, Bank of America increased their target price on Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Extended Stay America currently has an average rating of “Buy” and an average price target of $22.56.
Extended Stay America stock opened at $17.77 on Friday. Extended Stay America has a 52 week low of $15.73 and a 52 week high of $22.58.
Extended Stay America (NYSE:STAY) last released its earnings results on Wednesday, October 31st. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $351.10 million for the quarter, compared to analysts’ expectations of $344.17 million. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Wednesday, November 14th.
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Extended Stay America Profile
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
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