Extended Stay America (STAY) Earns Buy Rating from Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of Extended Stay America (NYSE:STAY) in a report issued on Tuesday, Marketbeat reports. They currently have a $19.50 price target on the stock, up from their prior price target of $19.25.
A number of other research analysts also recently issued reports on STAY. J P Morgan Chase & Co raised Extended Stay America from a neutral rating to an overweight rating and set a $21.00 price target for the company in a report on Wednesday, December 13th. BidaskClub cut Extended Stay America from a hold rating to a sell rating in a research report on Wednesday, October 25th. ValuEngine cut Extended Stay America from a buy rating to a hold rating in a research report on Tuesday, November 7th. Bank of America cut their price objective on Extended Stay America from $24.00 to $21.00 and set a buy rating for the company in a research report on Wednesday, November 8th. Finally, Robert W. Baird restated a buy rating and issued a $21.00 price objective on shares of Extended Stay America in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $21.06.
Shares of Extended Stay America (NYSE:STAY) traded up $0.27 during trading hours on Tuesday, reaching $18.53. The company’s stock had a trading volume of 1,883,700 shares, compared to its average volume of 2,166,534. Extended Stay America has a one year low of $15.43 and a one year high of $20.95. The firm has a market capitalization of $3,512.23, a P/E ratio of 18.08, a PEG ratio of 3.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The company had revenue of $350.86 million during the quarter, compared to analyst estimates of $359.70 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. equities research analysts anticipate that Extended Stay America will post 0.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Monday, November 20th. Extended Stay America’s dividend payout ratio (DPR) is presently 215.38%.
Several institutional investors have recently bought and sold shares of STAY. Public Employees Retirement Association of Colorado increased its position in shares of Extended Stay America by 122.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares in the last quarter. Cable Hill Partners LLC purchased a new stake in shares of Extended Stay America during the third quarter worth approximately $104,000. The Manufacturers Life Insurance Company increased its position in shares of Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Extended Stay America by 108.3% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after purchasing an additional 3,678 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Extended Stay America during the second quarter worth approximately $148,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
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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