Teachers Advisors LLC reduced its position in shares of Extended Stay America Inc (NYSE:STAY) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,898,194 shares of the company’s stock after selling 381,077 shares during the quarter. Teachers Advisors LLC owned 0.99% of Extended Stay America worth $36,066,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. raised its position in Extended Stay America by 103.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock worth $50,396,000 after acquiring an additional 1,283,070 shares in the last quarter. Keeley Teton Advisors LLC raised its position in Extended Stay America by 136.6% during the third quarter. Keeley Teton Advisors LLC now owns 81,995 shares of the company’s stock worth $1,640,000 after acquiring an additional 47,340 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Extended Stay America by 46.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,479 shares of the company’s stock worth $199,000 after acquiring an additional 3,340 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of Extended Stay America by 68.1% in the third quarter. Virginia Retirement Systems ET AL now owns 67,900 shares of the company’s stock valued at $1,358,000 after purchasing an additional 27,500 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Extended Stay America by 29.2% in the third quarter. California Public Employees Retirement System now owns 241,160 shares of the company’s stock valued at $4,823,000 after purchasing an additional 54,560 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Kevin A. Henry sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $19.23, for a total transaction of $192,300.00. Following the transaction, the insider now directly owns 117,196 shares of the company’s stock, valued at $2,253,679.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.
STAY stock opened at $19.64 on Wednesday. Extended Stay America Inc has a 1 year low of $15.63 and a 1 year high of $21.28. The company has a market cap of $3,740.02, a PE ratio of 19.57, a P/E/G ratio of 3.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.12 and a current ratio of 0.12.
Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Extended Stay America had a net margin of 6.15% and a return on equity of 14.42%. The business had revenue of $302.50 million for the quarter, compared to analyst estimates of $299.75 million. During the same period last year, the firm earned $0.20 earnings per share. Extended Stay America’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts anticipate that Extended Stay America Inc will post 1.1 EPS for the current year.
Extended Stay America declared that its board has approved a share repurchase program on Tuesday, February 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, March 12th. Extended Stay America’s dividend payout ratio is 204.88%.
Extended Stay America Company Profile
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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