Willingdon Wealth Management Has $1.38 Million Stock Position in Extended Stay America (NYSE:STAY)

Willingdon Wealth Management decreased its stake in shares of Extended Stay America (NYSE:STAY) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,958 shares of the company’s stock after selling 1,763 shares during the quarter. Willingdon Wealth Management’s holdings in Extended Stay America were worth $1,384,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Three Peaks Capital Management LLC boosted its stake in shares of Extended Stay America by 0.7% during the 1st quarter. Three Peaks Capital Management LLC now owns 173,119 shares of the company’s stock worth $3,107,000 after acquiring an additional 1,157 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Extended Stay America by 5.2% during the 1st quarter. Raymond James Trust N.A. now owns 29,363 shares of the company’s stock worth $527,000 after acquiring an additional 1,451 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Extended Stay America by 13.8% during the 1st quarter. Wetherby Asset Management Inc. now owns 18,185 shares of the company’s stock worth $327,000 after acquiring an additional 2,200 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Extended Stay America by 0.8% during the 1st quarter. Virginia Retirement Systems ET AL now owns 302,500 shares of the company’s stock worth $5,430,000 after acquiring an additional 2,400 shares during the period. Finally, Investec Asset Management North America Inc. boosted its stake in shares of Extended Stay America by 0.3% during the 1st quarter. Investec Asset Management North America Inc. now owns 961,497 shares of the company’s stock worth $17,259,000 after acquiring an additional 2,533 shares during the period. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

STAY has been the subject of several research analyst reports. Robert W. Baird set a $19.00 target price on Extended Stay America and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded Extended Stay America from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a research note on Monday. Morgan Stanley downgraded Extended Stay America from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $20.00 to $15.00 in a research note on Friday. Deutsche Bank set a $22.00 price target on Extended Stay America and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus reduced their price target on Extended Stay America from $20.50 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Extended Stay America presently has an average rating of “Buy” and an average price target of $18.70.



STAY traded up $0.25 during trading on Tuesday, hitting $14.87. The stock had a trading volume of 2,322,603 shares, compared to its average volume of 1,828,770. The stock has a 50 day simple moving average of $16.29. Extended Stay America has a one year low of $12.88 and a one year high of $21.26.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The company had revenue of $323.70 million during the quarter, compared to analyst estimates of $317.12 million. Extended Stay America’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st will be paid a $0.23 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.92 annualized dividend and a yield of 6.19%.

Extended Stay America Profile

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.

Read More: How to Trade Using Analysts Ratings

Want to see what other hedge funds are holding STAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extended Stay America (NYSE:STAY).

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

Receive News & Ratings for Extended Stay America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America and related companies with MarketBeat.com's FREE daily email newsletter.