State Street Corp raised its position in Extended Stay America, Inc. (NYSE:STAY) by 111.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,166,817 shares of the company’s stock after buying an additional 1,141,216 shares during the period. State Street Corp owned about 1.13% of Extended Stay America worth $41,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAY. Public Employees Retirement Association of Colorado grew its position in shares of 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 valued at $101,000 after purchasing an additional 2,867 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Extended Stay America in the second quarter valued at about $148,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Extended Stay America by 210.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,038 shares of the company’s stock valued at $214,000 after purchasing an additional 7,486 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of Extended Stay America in the second quarter valued at about $216,000. Finally, Paragon Capital Management Ltd grew its position in shares of Extended Stay America by 15.1% in the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock valued at $224,000 after purchasing an additional 1,521 shares during the period.

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Several analysts have recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Extended Stay America presently has a consensus rating of “Buy” and an average target price of $21.20.

Extended Stay America, Inc. (NYSE:STAY) opened at $19.91 on Monday. The firm has a market cap of $3,829.60, a PE ratio of 19.52, a P/E/G ratio of 3.35 and a beta of 1.05. Extended Stay America, Inc. has a 52-week low of $13.60 and a 52-week high of $20.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.07 and a current ratio of 0.07.

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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