O Shares Investment Advisers LLC decreased its position in Extended Stay America (NYSE:STAY) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,922 shares of the company’s stock after selling 1,732 shares during the period. O Shares Investment Advisers LLC’s holdings in Extended Stay America were worth $268,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Athena Capital Advisors LLC purchased a new position in Extended Stay America in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC purchased a new stake in shares of Extended Stay America during the first quarter worth $48,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Extended Stay America during the fourth quarter worth $108,000. First Quadrant L P CA lifted its position in shares of Extended Stay America by 97.1% during the first quarter. First Quadrant L P CA now owns 8,562 shares of the company’s stock worth $154,000 after acquiring an additional 4,217 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of Extended Stay America by 40.0% during the first quarter. First Bank & Trust now owns 9,282 shares of the company’s stock worth $167,000 after acquiring an additional 2,652 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, May 1st. Deutsche Bank restated a “buy” rating and set a $22.00 target price on shares of Extended Stay America in a research report on Sunday, May 5th. Finally, Goldman Sachs Group upgraded Extended Stay America from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Extended Stay America presently has a consensus rating of “Buy” and an average price target of $20.36.
NYSE:STAY opened at $16.92 on Friday. Extended Stay America has a 1 year low of $14.77 and a 1 year high of $22.58.
Extended Stay America (NYSE:STAY) last posted its earnings results on Wednesday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $277.67 million for the quarter, compared to analysts’ expectations of $273.58 million. The company’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 5.44%. This is an increase from Extended Stay America’s previous quarterly dividend of $0.22.
WARNING: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2019/06/14/extended-stay-america-nysestay-shares-sold-by-o-shares-investment-advisers-llc.html.
About Extended Stay America
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
Featured Story: How do buyers and sellers choose a strike price?
Want to see what other hedge funds are holding STAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extended Stay America (NYSE:STAY).
Receive News & Ratings for Extended Stay America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America and related companies with MarketBeat.com's FREE daily email newsletter.