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. The Company owns and operates hotels under the core brand, Extended Stay America. In addition, the Company owns and operates three Extended Stay Canada hotels, 49 hotels in the economy extended stay segment under the Crossland Economy Studios and Hometown Inn brands, and also manage two Extended Stay America hotels.
Industry, Sector and Symbol:
- Market Cap: $3.88 billion
- Outstanding Shares: 194,080,000
- 50 Day Moving Avg: $19.15
- 200 Day Moving Avg: $17.48
- 52 Week Range: $13.00 - $20.18
Sales & Book Value:
- Trailing P/E Ratio: 24.20
- Foreward P/E Ratio: 17.85
- P/E Growth: 4.77
- Annual Revenue: $1.27 billion
- Price / Sales: 3.05
- Book Value: $6.86 per share
- Price / Book: 2.91
- Annual Dividend: $0.84
- Dividend Yield: 4.2%
- EBIDTA: $597.63 million
- Net Margins: 5.96%
- Return on Equity: 14.43%
- Return on Assets: 4.75%
- Debt-to-Equity Ratio: 0.98%
- Current Ratio: 0.07%
- Quick Ratio: 0.07%
- Average Volume: 3.02 million shs.
- Beta: 1.06
- Short Ratio: 0.52
Frequently Asked Questions for Extended Stay America (NYSE:STAY)
What is Extended Stay America's stock symbol?
Extended Stay America trades on the New York Stock Exchange (NYSE) under the ticker symbol "STAY."
How often does Extended Stay America pay dividends? What is the dividend yield for Extended Stay America?
Extended Stay America declared a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, May 11th will be given a dividend of $0.21 per share on Thursday, May 25th. This represents a $0.84 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, May 9th. This is a positive change from Extended Stay America's previous quarterly dividend of $0.19. View Extended Stay America's Dividend History.
How will Extended Stay America's stock buyback program work?
Extended Stay America announced that its Board of Directors has approved a stock buyback program on Thursday, April 6th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
How were Extended Stay America's earnings last quarter?
Extended Stay America, Inc. (NYSE:STAY) posted its quarterly earnings data on Thursday, April, 27th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.12 by $0.03. The firm had revenue of $291 million for the quarter, compared to the consensus estimate of $290.20 million. Extended Stay America had a net margin of 5.96% and a return on equity of 14.43%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. View Extended Stay America's Earnings History.
Where is Extended Stay America's stock going? Where will Extended Stay America's stock price be in 2017?
7 brokers have issued 12 month target prices for Extended Stay America's shares. Their forecasts range from $14.00 to $22.00. On average, they expect Extended Stay America's stock price to reach $18.67 in the next year. View Analyst Ratings for Extended Stay America.
Are investors shorting Extended Stay America?
Extended Stay America saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 8,445,954 shares, an increase of 120.2% from the June 15th total of 3,834,785 shares. Based on an average daily volume of 3,806,095 shares, the short-interest ratio is currently 2.2 days.
Who are some of Extended Stay America's key competitors?
Some companies that are related to Extended Stay America include Toro Company (The) (TTC), Live Nation Entertainment (LYV), Mattel (MAT), Leggett & Platt, Incorporated (LEG), Hyatt Hotels Corporation (H), Gildan Activewear (GIL), Pearson, PLC (PSO), UbiSoft Entertainment (UBSFY), Man Wah Holdings Ltd (MAWHY), China Lodging Group, Limited (HTHT), H&R Block (HRB), Ralph Lauren Corporation (RL), Polaris Industries (PII), SJM Holdings (SJMHF), Michael Kors Holdings Limited (KORS), Dolby Laboratories (DLB), Brunswick Corporation (BC) and Hugo Boss (BOSSY).
Who owns Extended Stay America stock?
Extended Stay America's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.04%), Vaughan Nelson Investment Management L.P. (0.94%), First Quadrant L P CA (0.76%), Kirr Marbach & Co. LLC IN (0.32%), Reinhart Partners Inc. (0.07%) and Quantitative Systematic Strategies LLC (0.07%). Company insiders that own Extended Stay America stock include Centerbridge Credit Partners G, Douglas Gerard Geoga, Jonathan S Halkyard, Paulson & Co Inc, Richard F Wallman and Tom Seddon. View Institutional Ownership Trends for Extended Stay America.
Who bought Extended Stay America stock? Who is buying Extended Stay America stock?
Extended Stay America's stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., First Quadrant L P CA, James Investment Research Inc., Chesley Taft & Associates LLC, Round Table Services LLC, Quantitative Systematic Strategies LLC, Kirr Marbach & Co. LLC IN and Meeder Asset Management Inc.. Company insiders that have bought Extended Stay America stock in the last two years include Douglas Gerard Geoga, Jonathan S Halkyard, Richard F Wallman and Tom Seddon. View Insider Buying and Selling for Extended Stay America.
How do I buy Extended Stay America stock?
Shares of Extended Stay America can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Extended Stay America's stock price today?
MarketBeat Community Rating for Extended Stay America (NYSE STAY)MarketBeat's community ratings are surveys of what our community members think about Extended Stay America and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Extended Stay America stock can currently be purchased for approximately $19.99.
Consensus Ratings for Extended Stay America (NYSE:STAY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.71)|
|Consensus Price Target: ||$18.67 (6.62% downside)|
Analysts' Ratings History for Extended Stay America (NYSE:STAY)
(Data available from 7/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/29/2017||Stifel Nicolaus||Reiterated Rating||Buy -> Buy||$20.00 -> $21.00||Medium|
|2/14/2017||Barclays PLC||Set Price Target||Buy||$22.00||N/A|
|12/15/2016||Bank of America Corporation||Upgrade||Neutral -> Buy||N/A|
|12/5/2016||MKM Partners||Upgrade||Neutral -> Buy||$15.00 -> $19.00||N/A|
|9/26/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$14.00||N/A|
|8/17/2016||Citigroup Inc.||Lower Price Target||Neutral||$15.50 -> $15.00||N/A|
|7/29/2016||Deutsche Bank AG||Lower Price Target||Buy||$22.00 -> $21.00||N/A|
|4/26/2016||Morgan Stanley||Reiterated Rating||Hold||N/A|
|2/16/2016||Robert W. Baird||Lower Price Target||$22.00 -> $18.00||N/A|
|1/29/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$22.00 -> $14.00||N/A|
Earnings History for Extended Stay America (NYSE:STAY)Earnings History by Quarter for Extended Stay America (NYSE STAY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/27/2017||Q1 2017||$0.12||$0.15||$290.20 million||$291.00 million||View||N/A|
|2/28/2017||Q416||$0.14||$0.20||$292.55 million||$295.70 million||View||Listen|
|10/25/2016||Q316||$0.34||$0.36||$268.77 million||$354.50 million||View||Listen|
|7/28/2016||Q216||$0.29||$0.31||$337.47 million||$332.80 million||View||Listen|
|4/26/2016||Q116||$0.12||$0.13||$285.37 million||$287.60 million||View||Listen|
|2/23/2016||Q415||$0.13||$0.15||$295.84 million||$296.30 million||View||Listen|
|10/27/2015||Q315||$0.31||$0.33||$358.96 million||$360.50 million||View||Listen|
|7/30/2015||Q215||$0.28||$0.33||$341.62 million||$340.30 million||View||Listen|
|4/30/2015||Q115||$0.14||$0.15||$285.70 million||$287.60 million||View||N/A|
|2/26/2015||Q414||$0.14||$0.16||$280.94 million||$282.70 million||View||N/A|
|11/7/2014||Q314||$0.34||$0.29||$344.00 million||$338.60 million||View||N/A|
|7/31/2014||Q214||$0.28||$0.27||$319.11 million||$321.90 million||View||N/A|
|5/7/2014||Q114||$0.12||$0.11||$267.88 million||$270.30 million||View||N/A|
Earnings Estimates for Extended Stay America (NYSE:STAY)
Current Year EPS Consensus Estimate: $1.03 EPS
Next Year EPS Consensus Estimate: $1.12 EPS
Current Dividend Information for Extended Stay America (NYSE:STAY)
|Most Recent Dividend:||5/25/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||227.03% (Trailing 12 Months of Earnings) |
81.55% (Based on This Year's Estimates)
75.00% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Extended Stay America (NYSE STAY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Extended Stay America (NYSE:STAY)
Insider Ownership Percentage: 0.49%Insider Trades by Quarter for Extended Stay America (NYSE:STAY)
Institutional Ownership Percentage: 92.27%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/3/2017||Paulson & Co. Inc.||Major Shareholder||Sell||10,250,000||$17.23||$176,607,500.00|| |
|3/10/2017||Douglas Gerard Geoga||Director||Buy||15,000||$16.46||$246,900.00|| |
|12/16/2016||Centerbridge Credit Partners G||Major Shareholder||Sell||4,375,000||$16.41||$71,793,750.00|| |
|11/4/2016||Jonathan S Halkyard||Insider||Buy||10,000||$13.83||$138,300.00|| |
|10/4/2016||Paulson & Co. Inc.||Major Shareholder||Sell||4,983,333||$14.16||$70,563,995.28|| |
|3/3/2016||Richard F Wallman||Director||Buy||5,000||$15.00||$75,000.00|| |
|2/26/2016||Richard F Wallman||Director||Buy||30,000||$14.95||$448,500.00|| |
|11/18/2015||Paulson & Co. Inc.||Major Shareholder||Sell||5,000,000||$16.64||$83,200,000.00|| |
|11/16/2015||Richard F Wallman||Director||Buy||40,000||$16.96||$678,400.00|| |
|11/16/2015||Tom Seddon||Insider||Buy||18,900||$16.84||$318,276.00|| |
|5/15/2015||Richard F Wallman||Director||Sell||39,000||$20.10||$783,900.00|| |
|11/26/2014||Howard J Weissman||Insider||Sell||18,606||$18.58||$345,699.48|| |
|11/26/2014||William A Kussell||Director||Sell||15,960||$18.63||$297,334.80|| |
|11/14/2014||Tom Seddon||Insider||Buy||26,450||$18.39||$486,415.50|| |
|11/12/2014||James Donald||Insider||Buy||14,000||$17.86||$250,040.00|| |
|8/12/2014||Real Estate Partner Blackstone||Major Shareholder||Sell||8,050,000||$21.10||$169,855,000.00|| |
Headline Trends for Extended Stay America (NYSE:STAY)
Latest Headlines for Extended Stay America (NYSE:STAY)
|Extended Stay America® Completes $1 Billion Renovation And Improvement Initiative|
www.bizjournals.com - July 21 at 7:27 AM
|Extended Stay America Announces Dates for Second Quarter Earnings Release and Conference Call|
finance.yahoo.com - July 18 at 8:31 AM
|Extended Stay America, Inc. (NYSE:STAY) Sees Significant Increase in Short Interest|
www.americanbankingnews.com - July 18 at 7:18 AM
|Extended Stay America, Inc. (STAY) Given Average Rating of "Buy" by Analysts|
www.americanbankingnews.com - July 17 at 4:52 PM
|Extended Stay America, Inc. (STAY) Stock Rating Lowered by BidaskClub|
www.americanbankingnews.com - July 8 at 4:06 PM
|$343.63 Million in Sales Expected for Extended Stay America, Inc. (STAY) This Quarter|
www.americanbankingnews.com - July 7 at 2:14 PM
|Extended Stay America (STAY) Announces Appointment of Jodie McLean to Board of Directors|
www.streetinsider.com - July 6 at 10:52 AM
|Extended Stay America, Inc. Announces Appointment of Jodie W. McLean to Board of Directors|
www.businesswire.com - July 6 at 10:52 AM
|PE firm Centerbridge to buy enterprise software firms from Clearlake|
finance.yahoo.com - July 6 at 10:52 AM
| Brokerages Expect Extended Stay America, Inc. (STAY) Will Post Earnings of $0.32 Per Share|
www.americanbankingnews.com - July 5 at 11:33 AM
|Short Interest in Extended Stay America, Inc. (NYSE:STAY) Increases By 161.2%|
www.americanbankingnews.com - July 3 at 7:18 AM
|Extended Stay America's (NYSE:STAY) Buy Rating Reaffirmed at Stifel Nicolaus|
www.americanbankingnews.com - July 2 at 12:32 AM
|BidaskClub Upgrades Extended Stay America, Inc. (STAY) to Strong-Buy|
www.americanbankingnews.com - June 27 at 8:22 PM
|Top Ranked Income Stocks to Buy for June 27th|
finance.yahoo.com - June 27 at 8:06 PM
|Extended Stay America Reaches Analyst Target Price|
www.nasdaq.com - June 27 at 8:42 AM
|Extended Stay America, Inc. (STAY) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - June 20 at 4:28 PM
|Head to Head Review: Extended Stay America (STAY) and Belmond (BEL)|
www.americanbankingnews.com - June 19 at 7:54 AM
|Extended Stay America, Inc. (STAY) Short Interest Update|
www.americanbankingnews.com - June 17 at 7:10 AM
|Extended Stay America Announces Repurchase of Preferred Shares|
finance.yahoo.com - June 15 at 4:25 PM
|Extended Stay America settles lawsuit over trade secrets against WoodSpring Hotels|
finance.yahoo.com - June 15 at 1:23 AM
|Head-To-Head Comparison: Expedia (EXPE) and Extended Stay America (STAY)|
www.americanbankingnews.com - June 13 at 4:48 PM
|BRIEF-Extended Stay America resolves lawsuit over trade secrets with competitors|
www.reuters.com - June 12 at 7:28 PM
|Extended Stay America, Inc. Announces Resolution of Lawsuit Against WoodSpring Hotels LLC, Michael Docteroff and Bernadette Ruby|
finance.yahoo.com - June 12 at 7:28 PM
|Zacks: Analysts Expect Extended Stay America Inc (STAY) Will Post Quarterly Sales of $343.63 Million|
www.americanbankingnews.com - June 11 at 9:44 AM
|Extended Stay America (STAY) vs. Morgans Hotel Group (MHGC) Financial Contrast|
www.americanbankingnews.com - June 10 at 7:54 AM
| Brokerages Expect Extended Stay America Inc (STAY) Will Announce Earnings of $0.32 Per Share|
www.americanbankingnews.com - June 9 at 7:40 AM
|Extended Stay America to Present at the 2017 Baird Global Consumer, Technology and Services Conference|
finance.yahoo.com - June 5 at 10:10 PM
|BRIEF-Extended Stay America announces pricing of underwritten secondary offering of 25 mln paired shares|
www.reuters.com - June 2 at 12:36 AM
|Extended Stay America's (STAY) Buy Rating Reaffirmed at Stifel Nicolaus|
www.americanbankingnews.com - May 31 at 9:23 AM
|Extended Stay America (STAY) Announces 25M Secondary Offering & Repurchase of Paired Shares|
www.streetinsider.com - May 30 at 7:39 PM
|ValuEngine Upgrades Extended Stay America Inc (STAY) to "Buy"|
www.americanbankingnews.com - May 27 at 3:14 PM
|Extended Stay America Inc (STAY) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - May 26 at 5:17 PM
|Short Interest in Extended Stay America Inc (STAY) Grows By 109.0%|
www.americanbankingnews.com - May 25 at 7:00 PM
|BRIEF-Extended Stay America, ESH Hospitality elect new board members|
www.reuters.com - May 25 at 3:22 AM
|Extended Stay America, Inc. and ESH Hospitality, Inc. Announce Election of New Board Members|
finance.yahoo.com - May 23 at 7:26 PM
|Extended Stay America Inc (STAY) Expected to Post Quarterly Sales of $343.63 Million|
www.americanbankingnews.com - May 17 at 1:14 PM
|$0.32 EPS Expected for Extended Stay America Inc (STAY) This Quarter|
www.americanbankingnews.com - May 15 at 11:14 AM
|Extended Stay America, Inc. : STAY-US: Dividend Analysis : May 11th, 2017 (record date) : By the numbers : May 9, 2017|
finance.yahoo.com - May 9 at 7:31 PM
|TheStreet Upgrades Extended Stay America Inc (STAY) to "B"|
www.americanbankingnews.com - May 9 at 3:16 PM
|Ex-Dividend Reminder: Extended Stay America, Wynn Resorts and TJX Companies|
www.nasdaq.com - May 5 at 10:43 PM
|Paulson & Co. Inc. Sells 10,250,000 Shares of Extended Stay America Inc (STAY) Stock|
www.americanbankingnews.com - May 5 at 7:55 PM
|Extended Stay America (STAY) Receives News Impact Rating of 0.04|
www.americanbankingnews.com - May 2 at 9:04 PM
|ETFs with exposure to Extended Stay America, Inc. : May 2, 2017|
finance.yahoo.com - May 2 at 5:52 PM
|Extended Stay America Inc (STAY) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - May 1 at 8:30 PM
|Extended Stay America, Inc. :STAY-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017|
finance.yahoo.com - May 1 at 7:13 PM
|Positive News Coverage Likely to Affect Extended Stay America (STAY) Share Price|
www.americanbankingnews.com - April 29 at 10:22 PM
|Extended Stay America Inc (STAY) Posts Earnings Results, Beats Estimates By $0.03 EPS|
www.americanbankingnews.com - April 28 at 9:08 PM
|Extended Stay America Announces Distributions for First Quarter 2017|
finance.yahoo.com - April 28 at 8:47 PM
|Edited Transcript of STAY earnings conference call or presentation 27-Apr-17 1:00pm GMT|
finance.yahoo.com - April 28 at 8:47 PM
|Stifel Nicolaus Reaffirms Buy Rating for Extended Stay America Inc (STAY)|
www.americanbankingnews.com - April 28 at 5:46 PM
Extended Stay America (STAY) Chart for Friday, July, 21, 2017