Shares of Extended Stay America (NYSE:STAY) have earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.83.
STAY has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $22.50 price objective on shares of Extended Stay America in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, July 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Extended Stay America from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 27th.
In other news, Director Richard F. Wallman sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $21.49, for a total transaction of $322,350.00. Following the completion of the sale, the director now owns 110,798 shares in the company, valued at approximately $2,381,049.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian T. Nicholson purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were bought at an average price of $21.19 per share, with a total value of $211,900.00. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.
Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Extended Stay America by 22.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 124,742 shares of the company’s stock worth $2,696,000 after purchasing an additional 22,810 shares during the last quarter. GSA Capital Partners LLP grew its stake in Extended Stay America by 155.3% in the 2nd quarter. GSA Capital Partners LLP now owns 32,076 shares of the company’s stock valued at $693,000 after buying an additional 19,510 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Extended Stay America in the 2nd quarter valued at approximately $1,156,000. Russell Investments Group Ltd. grew its stake in Extended Stay America by 54.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 826,984 shares of the company’s stock valued at $17,837,000 after buying an additional 293,222 shares in the last quarter. Finally, UBS Group AG grew its stake in Extended Stay America by 81.1% in the 1st quarter. UBS Group AG now owns 960,218 shares of the company’s stock valued at $18,984,000 after buying an additional 430,144 shares in the last quarter. Institutional investors own 96.67% of the company’s stock.
Shares of NYSE STAY opened at $18.36 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.16 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.96. Extended Stay America has a fifty-two week low of $16.27 and a fifty-two week high of $22.58.
Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $336.50 million during the quarter, compared to analyst estimates of $336.68 million. Extended Stay America had a net margin of 5.47% and a return on equity of 15.18%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. As a group, sell-side analysts expect that Extended Stay America will post 1.15 earnings per share for the current year.
Extended Stay America Company 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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