Extended Stay America (NYSE:STAY) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of Extended Stay America (NYSE:STAY) by 0.7% in the 1st quarter, HoldingsChannel reports. The fund owned 299,305 shares of the company’s stock after selling 2,024 shares during the period. California State Teachers Retirement System’s holdings in Extended Stay America were worth $5,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STAY. Advisor Group Inc. grew its holdings in shares of Extended Stay America by 4.9% during the fourth quarter. Advisor Group Inc. now owns 19,060 shares of the company’s stock worth $296,000 after purchasing an additional 898 shares during the last quarter. Three Peaks Capital Management LLC grew its holdings in shares of Extended Stay America by 0.7% during the first quarter. Three Peaks Capital Management LLC now owns 173,119 shares of the company’s stock worth $3,107,000 after purchasing an additional 1,157 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Extended Stay America by 5.2% during the first quarter. Raymond James Trust N.A. now owns 29,363 shares of the company’s stock worth $527,000 after purchasing an additional 1,451 shares during the last quarter. Athena Capital Advisors LLC bought a new stake in shares of Extended Stay America during the fourth quarter worth about $31,000. Finally, Strs Ohio grew its holdings in shares of Extended Stay America by 10.4% during the fourth quarter. Strs Ohio now owns 21,946 shares of the company’s stock worth $340,000 after purchasing an additional 2,061 shares during the last quarter. 96.67% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on STAY shares. Deutsche Bank restated a “buy” rating and set a $22.00 price target on shares of Extended Stay America in a report on Sunday, May 5th. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, May 1st. Finally, Goldman Sachs Group upgraded Extended Stay America from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.36.

Shares of STAY stock opened at $16.96 on Thursday. Extended Stay America has a one year low of $14.77 and a one year high of $22.58.

Extended Stay America (NYSE:STAY) last announced its earnings results on Wednesday, May 1st. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $277.67 million during the quarter, compared to the consensus estimate of $273.58 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is a boost from Extended Stay America’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 5.42%.

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

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