Kirr Marbach & Co. LLC IN lowered its stake in shares of Extended Stay America Inc (NYSE:STAY) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,388 shares of the company’s stock after selling 41,483 shares during the period. Extended Stay America makes up about 2.2% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 28th largest position. Kirr Marbach & Co. LLC IN owned approximately 0.31% of Extended Stay America worth $9,714,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of STAY. Paulson & CO. Inc. acquired a new position in shares of Extended Stay America during the fourth quarter worth $455,411,000. FMR LLC raised its position in shares of Extended Stay America by 3.4% in the fourth quarter. FMR LLC now owns 11,853,776 shares of the company’s stock worth $191,438,000 after buying an additional 388,591 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Extended Stay America by 12.8% in the third quarter. Ameriprise Financial Inc. now owns 3,128,050 shares of the company’s stock worth $44,418,000 after buying an additional 354,512 shares in the last quarter. Peregrine Capital Management LLC raised its position in shares of Extended Stay America by 5.0% in the first quarter. Peregrine Capital Management LLC now owns 2,015,275 shares of the company’s stock worth $32,668,000 after buying an additional 96,652 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Extended Stay America by 55.7% in the fourth quarter. Marshall Wace LLP now owns 1,556,643 shares of the company’s stock worth $25,140,000 after buying an additional 556,643 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.
Shares of Extended Stay America Inc (NYSE:STAY) traded up 0.46% during midday trading on Thursday, hitting $17.31. 614,453 shares of the stock were exchanged. Extended Stay America Inc has a 52-week low of $13.00 and a 52-week high of $17.87. The firm’s 50 day moving average price is $16.55 and its 200-day moving average price is $15.86. The stock has a market cap of $3.37 billion, a P/E ratio of 49.74 and a beta of 1.00.
Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $292.55 million. Extended Stay America had a return on equity of 13.15% and a net margin of 9.45%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. On average, equities research analysts expect that Extended Stay America Inc will post $1.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, March 10th. This represents a $0.76 annualized dividend and a dividend yield of 4.39%. Extended Stay America’s dividend payout ratio (DPR) is 128.81%.
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A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $18.50 target price on shares of Extended Stay America in a research report on Tuesday, April 11th. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Finally, Barclays PLC set a $22.00 target price on shares of Extended Stay America and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Extended Stay America currently has a consensus rating of “Buy” and an average price target of $18.06.
In other news, Director Douglas Gerard Geoga acquired 15,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were acquired at an average cost of $16.46 per share, with a total value of $246,900.00. Following the acquisition, the director now directly owns 126,408 shares of the company’s stock, valued at $2,080,675.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.49% of the stock is owned by corporate insiders.
About Extended Stay America
Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. 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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