California Public Employees Retirement System Acquires 54,560 Shares of Extended Stay America Inc (STAY)

California Public Employees Retirement System grew its holdings in shares of Extended Stay America Inc (NYSE:STAY) by 29.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,160 shares of the company’s stock after purchasing an additional 54,560 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Extended Stay America worth $4,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Extended Stay America by 49.9% in the second quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock worth $293,215,000 after buying an additional 5,044,514 shares during the period. BlackRock Inc. boosted its holdings in shares of Extended Stay America by 82.3% in the second quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock worth $234,608,000 after buying an additional 5,469,312 shares during the period. Investec Asset Management LTD boosted its holdings in shares of Extended Stay America by 2.2% in the second quarter. Investec Asset Management LTD now owns 8,874,263 shares of the company’s stock worth $171,806,000 after buying an additional 189,347 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Extended Stay America by 100.6% in the third quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock worth $134,209,000 after buying an additional 3,365,110 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Extended Stay America by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 4,816,589 shares of the company’s stock worth $93,233,000 after buying an additional 1,095,624 shares during the period. Institutional investors own 98.52% of the company’s stock.

Extended Stay America Inc (NYSE STAY) traded up $0.07 during midday trading on Wednesday, hitting $20.23. 1,450,000 shares of the stock were exchanged, compared to its average volume of 1,870,000. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3,890.00, a price-to-earnings ratio of 51.87, a price-to-earnings-growth ratio of 6.92 and a beta of 0.98. Extended Stay America Inc has a 1-year low of $15.62 and a 1-year high of $21.28.

Extended Stay America (NYSE:STAY) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $350.86 million during the quarter, compared to analysts’ expectations of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. Extended Stay America’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. equities research analysts predict that Extended Stay America Inc will post 0.98 EPS for the current fiscal year.

STAY has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating for the company in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, October 26th. Robert W. Baird reiterated a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a report on Thursday, October 12th. Bank of America decreased their target price on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Deutsche Bank decreased their target price on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.17.

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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.

Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

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