Strs Ohio Raises Stake in Extended Stay America (STAY)

Strs Ohio boosted its position in shares of Extended Stay America (NYSE:STAY) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,946 shares of the company’s stock after purchasing an additional 2,061 shares during the period. Strs Ohio’s holdings in Extended Stay America were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAY. Cohen & Steers Inc. grew its holdings in Extended Stay America by 54.6% during the 3rd quarter. Cohen & Steers Inc. now owns 4,190,714 shares of the company’s stock valued at $84,778,000 after purchasing an additional 1,479,627 shares in the last quarter. FIL Ltd grew its holdings in Extended Stay America by 104.6% during the 3rd quarter. FIL Ltd now owns 2,561,000 shares of the company’s stock valued at $51,809,000 after purchasing an additional 1,309,400 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Extended Stay America by 810.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,068,700 shares of the company’s stock valued at $21,620,000 after purchasing an additional 951,260 shares in the last quarter. Gluskin Sheff & Assoc Inc. grew its holdings in Extended Stay America by 31.5% during the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 3,621,522 shares of the company’s stock valued at $73,263,000 after purchasing an additional 866,770 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Extended Stay America by 76.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,667,200 shares of the company’s stock valued at $33,727,000 after purchasing an additional 723,100 shares in the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on STAY. Morgan Stanley set a $21.00 price target on shares of Extended Stay America and gave the company a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research reaffirmed a “hold” rating on shares of Extended Stay America in a report on Friday, November 16th. Bank of America raised their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Extended Stay America from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Extended Stay America has an average rating of “Buy” and an average price target of $22.31.

STAY stock traded up $0.04 during mid-day trading on Thursday, hitting $17.32. 25,321 shares of the company were exchanged, compared to its average volume of 1,367,343. Extended Stay America has a twelve month low of $14.77 and a twelve month high of $22.58.

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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.

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

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