Economy

Traders Watch list: Extended Stay America Inc (NYSE:STAY)

This is a summary of recent recommendations and price targets for Extended Stay America and Morgans Hotel Group, as provided by MarketBeat.

Since the beginning of the calendar year, the stock is 22.60%.

The Stock traded with an actual day volume of 3.16 Million and average volume of 2.73 Million respectively. The value of the total investment in Extended Stay America, Inc. went from $4,589,000 to $5,355,000 a change of 16.7% since the last quarter.

Zacks Investment Research upgraded shares of Extended Stay America, Inc. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. (NYSE:STAY) shares have climbed higher recently touching a new 52-week peak. That suggests something of the likelihood of a short squeeze in shares of STAY.

TRADEMARK VIOLATION NOTICE: "Positive News Coverage Extremely Likely to Impact Extended Stay America (STAY) Share Price" was originally reported by BBNS and is owned by of BBNS. Extended Stay America, Inc.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Extended Stay America, Inc. has a 12-month low of $13.00 and a 12-month high of $19.61.

STAY's fiscal year ends Dec 31, 2016 and the most recent quarter started on Mar 31, 2017.

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Extended Stay America, Inc. announced a dividend for shareholders that was paid on Thu May 25, 2017. (Extended Stay), launched on July 8, 2013, is an integrated owner/operator of Company-branded hotels in North America. (STAY) has a market capitalization of 3.81 Billion which suggests the company is a huge company further suggesting that the shares of Extended Stay America, Inc.

The company now has a P/E ratio of 51.30 and the market cap of the company is 3.84B.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 19.76% and has a pretty decent Year to Date (YTD) Performance of 20.12% which means the stock is constantly adding to its value from previous fiscal year end price. Inc. acquired a new position in shares of Extended Stay America during the fourth quarter valued at $455,411,000.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Thursday, April 27th. Extended Stay America had a net margin of 5.96% and a return on equity of 14.43%. Zacks Investment Research cut shares of Extended Stay America from a "buy" rating to a "hold" rating in a research note on Friday, March 3rd. Next quarter's EPS is forecasted at $0.39 with next year's EPS projected to be $1.11. The firm had revenue of $291 million for the quarter, compared to the consensus estimate of $290.20 million. The company's revenue for the quarter was up 1.2% compared to the same quarter previous year. ESH Strategies, a subsidiary of the Company, owns the brands related to its business.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Share performance for the month is now at 11.74%. If you are reading this article on another website, it was copied illegally and republished in violation of USA and worldwide copyright legislation. This represents a $0.84 annualized dividend and a yield of 4.38%. The ex-dividend date was Tuesday, May 9th.

In other news, major shareholder Paulson & Co. Extended Stay America's dividend payout ratio (DPR) is presently 227.03%. Inc. sold 10,250,000 shares of the business's stock in a transaction on Wednesday, May 3rd. AQR Capital Management LLC bought a new position in Extended Stay America during the fourth quarter valued at $320,000. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The Company operates in hotel operations segment. 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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