Raymond James Trust N.A. grew its position in Extended Stay America (NYSE:STAY) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,949 shares of the company’s stock after buying an additional 1,586 shares during the quarter. Raymond James Trust N.A.’s holdings in Extended Stay America were worth $523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. River Road Asset Management LLC boosted its holdings in shares of Extended Stay America by 8.6% in the first quarter. River Road Asset Management LLC now owns 4,730,436 shares of the company’s stock worth $84,911,000 after buying an additional 372,734 shares during the period. FIL Ltd lifted its position in shares of Extended Stay America by 10.9% in the first quarter. FIL Ltd now owns 3,109,512 shares of the company’s stock worth $55,816,000 after purchasing an additional 306,525 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Extended Stay America by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,835,513 shares of the company’s stock worth $43,952,000 after purchasing an additional 216,776 shares in the last quarter. Raymond James & Associates lifted its position in shares of Extended Stay America by 13.4% in the first quarter. Raymond James & Associates now owns 2,287,847 shares of the company’s stock worth $41,067,000 after purchasing an additional 271,162 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Extended Stay America in the fourth quarter worth approximately $34,578,000. Institutional investors own 96.67% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Deutsche Bank set a $22.00 price objective on shares of Extended Stay America and gave the company a “buy” rating in a research report on Sunday, July 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.00.

STAY traded up $0.12 during midday trading on Monday, hitting $16.73. 38,298 shares of the company’s stock traded hands, compared to its average volume of 1,713,339. The company’s fifty day moving average price is $16.78. Extended Stay America has a one year low of $14.77 and a one year high of $21.85.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $277.67 million for the quarter, compared to the consensus estimate of $273.58 million. During the same period in the previous year, the business posted $0.19 EPS. Extended Stay America’s revenue was down 6.7% compared to the same quarter last year.

Extended Stay America Profile

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

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