Extended Stay America (NYSE:STAY) has been given a consensus rating of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.39.
STAY has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and issued a $20.50 target price on shares of Extended Stay America in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, February 21st. Barclays restated an “overweight” rating and issued a $22.00 target price (up from $21.00) on shares of Extended Stay America in a research note on Wednesday, February 28th. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Morgan Stanley raised their target price on Extended Stay America from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, April 9th.
In related news, insider Kevin A. Henry sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $19.23, for a total value of $192,300.00. Following the transaction, the insider now owns 117,196 shares in the company, valued at $2,253,679.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.
Extended Stay America stock traded down $0.05 during mid-day trading on Wednesday, hitting $19.67. 977,249 shares of the company were exchanged, compared to its average volume of 1,693,556. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.12 and a quick ratio of 0.12. Extended Stay America has a 1-year low of $16.27 and a 1-year high of $21.28. The firm has a market capitalization of $3,808.82, a P/E ratio of 19.69, a P/E/G ratio of 2.00 and a beta of 0.93.
Extended Stay America (NYSE:STAY) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Extended Stay America had a return on equity of 14.42% and a net margin of 6.15%. The firm had revenue of $302.50 million during the quarter, compared to analyst estimates of $299.75 million. During the same period in the prior year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts predict that Extended Stay America will post 1.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th were paid a $0.21 dividend. The ex-dividend date was Monday, March 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.27%. Extended Stay America’s dividend payout ratio (DPR) is presently 84.00%.
Extended Stay America declared that its board has initiated a stock repurchase plan on Tuesday, February 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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.
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