Extended Stay America, Inc. (NYSE:STAY) is expected to pay $0.19 on Nov 22, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Extended Stay America, Inc.’s current price of $13.98, the dividend is 1.36%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 26, 2016. The stock closed at $13.98 during the last session. It is down 11.69% since April 1, 2016 and is downtrending. It has underperformed by 12.90% the S&P500.
Extended Stay America, Inc. is an integrated owner/operator of company-branded hotels in North America. The company has a market cap of $2.71 billion. The Firm operates in hotel activities segment. It has a 23.45 P/E ratio. The Company’s business operates in the extended stay lodging industry.
Insitutional Activity: The institutional sentiment increased to 1.66 in 2016 Q2. Its up 0.42, from 1.24 in 2016Q1. The ratio improved, as 14 funds sold all Extended Stay America Inc shares owned while 30 reduced positions. 18 funds bought stakes while 55 increased positions. They now own 197.88 million shares or 0.07% more from 197.73 million shares in 2016Q1.
Guggenheim Capital Limited Liability Corporation has invested 0% of its portfolio in Extended Stay America Inc (NYSE:STAY). Teachers Advsrs Inc has 1.46M shares for 0.04% of their US portfolio. Dimensional Fund Advisors Lp holds 0% or 67,638 shares in its portfolio. Swiss Bancorp owns 135,386 shares or 0% of their US portfolio. Hawk Ridge Capital Mgmt L P holds 252,783 shares or 2.28% of its portfolio. Pioneer Invest Mgmt has 0.01% invested in the company for 191,100 shares. Blackrock Group Limited holds 310,097 shares or 0% of its portfolio. Ameriprise Finance Inc holds 0.02% of its portfolio in Extended Stay America Inc (NYSE:STAY) for 2.77M shares. Vanguard Group owns 5.20 million shares or 0% of their US portfolio. Chicago Equity Partners Ltd Liability Com has 0% invested in the company for 10,120 shares. Royal State Bank Of Canada last reported 755 shares in the company. Morgan Stanley holds 0% or 780,523 shares in its portfolio. Comerica Fincl Bank has 0.15% invested in the company for 1.21M shares. Blackstone Group Limited Partnership last reported 2.94% of its portfolio in the stock. Panagora Asset Management reported 33,769 shares or 0% of all its holdings.
Insider Transactions: Since October 4, 2016, the stock had 0 insider buys, and 3 selling transactions for $211.69 million net activity. Another trade for 4.98 million shares valued at $70.56 million was made by Blackstone Real Estate Partners VI.A-ESH L.P. on Tuesday, October 4. Blackstone Real Estate Associates VI-ESH L.P. sold $70.56M worth of Extended Stay America Inc (NYSE:STAY) on Tuesday, October 4. PAULSON & CO. INC. also sold $70.56 million worth of Extended Stay America Inc (NYSE:STAY) shares.
Extended Stay America Inc (NYSE:STAY) Ratings Coverage
Out of 7 analysts covering Extended Stay America (NYSE:STAY), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $26 is the highest target while $14 is the lowest. The $18.50 average target is 32.33% above today’s ($13.98) stock price. Extended Stay America has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded the shares of STAY in a report on Monday, August 3 to “Outperform” rating. The firm has “Neutral” rating given on Thursday, January 14 by M Partners. The stock has “Neutral” rating given by Citigroup on Wednesday, August 17. Deutsche Bank maintained it with “Buy” rating and $25 target price in Friday, July 31 report. The company was initiated on Monday, September 26 by Goldman Sachs. As per Wednesday, October 28, the company rating was maintained by Deutsche Bank. The stock has “Underperform” rating given by Bank of America on Tuesday, July 21.
More important recent Extended Stay America Inc (NYSE:STAY) news were published by: Businesswire.com which released: “Extended Stay America Announces Third Quarter 2016 Results” on October 25, 2016, also Prnewswire.com published article titled: “Extended Stay America Announces Resignation Of Chief Marketing Officer”, Businesswire.com published: “Extended Stay America, Inc. Announces Launch of New Credit Facilities” on August 05, 2016. More interesting news about Extended Stay America Inc (NYSE:STAY) was released by: Businesswire.com and their article: “Extended Stay America Announces Pricing of Secondary Offering and Repurchase …” with publication date: September 29, 2016.
STAY Company Profile
Extended Stay America, Inc. (Extended Stay), incorporated on July 8, 2013, is an integrated owner/operator of company-branded hotels in North America. The Firm operates in hotel activities segment. The Company’s business operates in the extended stay lodging industry. The Firm owns and operates approximately 630 hotels comprising over 69,400 rooms located in approximately 40 states across the United States and in Canada. It owns and operates its hotels under its core brand, Extended Stay America, which serves the mid-price extended stay segment. In addition, the Company owns and operates over three Extended Stay Canada hotels. The Firm operates its hotels owned by ESH Hospitality, Inc. (ESH REIT). The hotels are operated by the Operating Lessees, subsidiaries of the Company and are managed by ESA Management LLC (ESA Management), a subsidiary of the Company. ESH Strategies, a subsidiary of the Company, owns the brands related to its business.
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