Alpine Woods Capital Investors LLC continued to hold its position in Extended Stay America, Inc. (NYSE:STAY) during the second quarter, Holdings Channel reports. The institutional investor owned 227,464 shares of the company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Extended Stay America were worth $4,404,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its position in Extended Stay America by 122.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after buying an additional 2,867 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Extended Stay America during the first quarter worth about $105,000. Asset Management One Co. Ltd. increased its position in 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 during the last quarter. Envestnet Asset Management Inc. increased its position in 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 during the last quarter. Finally, TLP Group LLC acquired a new position in Extended Stay America during the first quarter worth about $135,000.

Extended Stay America, Inc. (STAY) opened at 18.92 on Tuesday. The firm’s 50-day moving average is $19.47 and its 200 day moving average is $17.91. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.50. The stock has a market cap of $3.64 billion, a P/E ratio of 24.29 and a beta of 1.06.

Extended Stay America (NYSE:STAY) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $342.70 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts anticipate that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a $0.21 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 4.44%. Extended Stay America’s dividend payout ratio is presently 247.06%.

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A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, June 20th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Stifel Nicolaus raised their price objective on shares of Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, TheStreet raised shares of Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.

About Extended Stay America

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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