Extended Stay America, Inc. (STAY) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its position in shares of Extended Stay America, Inc. (NYSE:STAY) by 98.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,815,522 shares of the company’s stock after buying an additional 900,771 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.94% of Extended Stay America worth $35,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado lifted its stake in shares of Extended Stay America by 122.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock valued at $101,000 after purchasing an additional 2,867 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Extended Stay America in the 1st quarter valued at approximately $105,000. Asset Management One Co. Ltd. lifted its stake in shares of Extended Stay America by 134.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 7,500 shares of the company’s stock valued at $120,000 after purchasing an additional 4,300 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Extended Stay America by 50.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after purchasing an additional 2,658 shares during the last quarter. Finally, TLP Group LLC bought a new stake in shares of Extended Stay America in the 1st quarter valued at approximately $135,000. Institutional investors and hedge funds own 99.39% of the company’s stock.

Shares of Extended Stay America, Inc. (NYSE STAY) opened at 19.90 on Friday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 25.55 and a beta of 1.06. Extended Stay America, Inc. has a 52 week low of $13.00 and a 52 week high of $20.51. The company’s 50 day moving average price is $19.21 and its 200-day moving average price is $18.27.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $338.36 million during the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that Extended Stay America, Inc. will post $1.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were given a $0.21 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 4.22%. Extended Stay America’s payout ratio is 247.06%.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $21.00 price objective (up from $20.00) on shares of Extended Stay America in a research note on Thursday, June 29th. BidaskClub lowered Extended Stay America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research note on Friday, September 8th. ValuEngine raised Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Finally, Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.67.

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About Extended Stay America

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.

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

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