Extended Stay America Sees Unusually High Options Volume (STAY)
Extended Stay America, Inc. (NYSE:STAY) saw some unusual options trading activity on Monday. Traders bought 12,749 call options on the stock. This is an increase of 1,895% compared to the typical daily volume of 639 call options.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its position in 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. Wright Investors Service Inc. raised its position in Extended Stay America by 11.1% in the first quarter. Wright Investors Service Inc. now owns 15,270 shares of the company’s stock worth $243,000 after buying an additional 1,530 shares in the last quarter. Wells Fargo & Company MN raised its position in Extended Stay America by 6.0% in the first quarter. Wells Fargo & Company MN now owns 168,655 shares of the company’s stock worth $2,688,000 after buying an additional 9,563 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Extended Stay America during the first quarter valued at $531,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Extended Stay America by 2,089.8% in the first quarter. Russell Investments Group Ltd. now owns 137,193 shares of the company’s stock valued at $2,187,000 after buying an additional 130,928 shares during the last quarter. Institutional investors own 97.56% of the company’s stock.
Shares of Extended Stay America (STAY) opened at 19.12 on Thursday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 24.54 and a beta of 1.06. The firm has a 50-day moving average of $19.51 and a 200 day moving average of $17.75. Extended Stay America has a 12-month low of $13.00 and a 12-month high of $20.50.
Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities analysts forecast that Extended Stay America will post $1.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 4.39%. Extended Stay America’s dividend payout ratio is presently 247.06%.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, June 20th. BidaskClub lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Stifel Nicolaus upped their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the company 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Extended Stay America presently has an average rating of “Buy” and a consensus target price of $18.67.
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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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