Extended Stay America, Inc. (NYSE:STAY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 3,463,016 shares, a growth of 137.0% from the October 31st total of 1,461,383 shares. Based on an average daily trading volume, of 4,183,160 shares, the days-to-cover ratio is presently 0.8 days.

Extended Stay America (STAY) opened at $17.51 on Tuesday. Extended Stay America has a one year low of $15.43 and a one year high of $20.95. The stock has a market capitalization of $3,369.89, a price-to-earnings ratio of 17.35, a P/E/G ratio of 3.16 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The firm had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. analysts predict that Extended Stay America will post 0.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, November 20th. Extended Stay America’s dividend payout ratio (DPR) is presently 215.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado lifted its stake in Extended Stay America by 122.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock valued at $101,000 after buying an additional 2,867 shares during the last quarter. Cable Hill Partners LLC bought a new stake in Extended Stay America in the third quarter valued at $104,000. The Manufacturers Life Insurance Company lifted its stake in Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock valued at $120,000 after buying an additional 367 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Extended Stay America by 108.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock valued at $141,000 after buying an additional 3,678 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Extended Stay America in the second quarter valued at $148,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.

A number of analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Deutsche Bank decreased their price target on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Nomura decreased their price target on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Morgan Stanley reduced their price objective on Extended Stay America from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus reduced their price objective on Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.81.

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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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