Alliancebernstein L.P. cut its position in Extended Stay America, Inc. (NYSE:STAY) by 94.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 27,415 shares of the company’s stock after selling 445,280 shares during the period. Alliancebernstein L.P.’s holdings in Extended Stay America were worth $437,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in STAY. Asset Management One Co. Ltd. boosted its position in shares of Extended Stay America by 134.4% in the first quarter. Asset Management One Co. Ltd. now owns 7,500 shares of the company’s stock worth $120,000 after buying an additional 4,300 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock worth $126,000 after buying an additional 2,658 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Extended Stay America during the first quarter worth approximately $160,000. Arxis Securities LLC bought a new position in shares of Extended Stay America during the first quarter worth approximately $163,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Extended Stay America by 57.2% in the first quarter. Great West Life Assurance Co. Can now owns 14,559 shares of the company’s stock worth $232,000 after buying an additional 5,300 shares in the last quarter. 97.56% of the stock is currently owned by institutional investors.

Extended Stay America, Inc. (STAY) traded down 0.22% during midday trading on Friday, reaching $18.52. The company’s stock had a trading volume of 133,774 shares. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 23.77 and a beta of 1.06. The stock’s 50 day moving average price is $19.51 and its 200-day moving average price is $17.85. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.50.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.01. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The company had revenue of $338.36 million for the quarter, compared to analyst estimates of $342.70 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 annualized dividend and a dividend yield of 4.48%. Extended Stay America’s dividend payout ratio (DPR) is presently 247.06%.

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A number of equities analysts recently commented on the company. Zacks Investment Research cut Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reissued a “buy” rating and set a $21.00 price target (up from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. BidaskClub cut Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet raised Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th. Finally, ValuEngine raised Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.67.

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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