Extended Stay America Inc (STAY) Price Target Raised to $19.00

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28 May, 2017

Finally, California Public Employees Retirement System purchased a new stake in Extended Stay America during the first quarter valued at about $309,000. Extended Stay America Inc now has $3.38 billion valuation. The institutional investor acquired 268,300 shares of the company's stock, valued at approximately $4,277,000. Extended Stay America Inc has a 1-year low of $13.00 and a 1-year high of $18.65. It has outperformed by 13.30% the S&P500. This represents a $0.84 annualized dividend and a dividend yield of 4.73%.

A number of analysts have issued reports on the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. On Friday, April 15 the stock rating was initiated by Compass Point with "Neutral". Pacific Crest initiated MKS Instruments, Inc. The stock of Mastercard Inc (NYSE:MA) earned "Overweight" rating by JP Morgan on Friday, August 14. The company was maintained on Wednesday, November 23 by Stifel Nicolaus. The rating was maintained by Dougherty & Company with "Buy" on Monday, May 2. The stock presently has a consensus rating of "Buy" and a consensus price target of $18.50. Dougherty & Company upgraded MKS Instruments, Inc. (NASDAQ:MKSI) rating on Tuesday, January 24. Dougherty & Company has "Buy" rating and $75 target. See MKS Instruments, Inc. Its down 0.15, from 1.37 in 2016Q3. It is negative, as 15 investors sold MKS Instruments, Inc. shares while 84 reduced holdings. Price T Rowe Assoc Md holds 0% or 367,470 shares. Arrowgrass Capital Prtnrs (Us) L P, New York-based fund reported 20,484 shares. Citadel Advisors Limited Liability Corporation reported 907,890 shares. 7,865 are held by Panagora Asset Mngmt. Ghp Invest Advsrs Inc has invested 0.24% of its portfolio in Mastercard Inc (NYSE:MA). (NASDAQ:MKSI). Creative Planning stated it has 1,974 shares or 0% of all its holdings. Laurion Capital Management Lp reported 1.35 million shares. Pioneer Mgmt stated it has 183,500 shares. Capital Fund Sa invested in 37,200 shares or 0.01% of the stock. Ironwood Invest Counsel Lc has invested 0.71% in Mastercard Inc (NYSE:MA). (NASDAQ:MKSI) for 1.10M shares. Credit Suisse Ag invested in 93,168 shares or 0.01% of the stock. Halbert Hargrove Russell Ltd Llc reported 2,009 shares. Meeder Asset Mgmt Incorporated owns 8,817 shares. The stock rose 1.10% or $0.2 reaching $17.92. The insider Cairns Ann sold 6,950 shares worth $764,500. State Street Corp now owns 1,025,601 shares of the company's stock valued at $16,350,000 after buying an additional 64,203 shares during the period. (NASDAQ:MKSI) on Monday, May 15. JLL Building Holdings - LLC also sold $145.10M worth of Builders FirstSource, Inc. Bartlett & Co sold 4,838 shares as the company's stock rose 7.46% with the market. Tolly Morris E sold 50,000 shares worth $742,000. The Vacuum & Analysis segment provides a range of instruments, components, subsystems and software, which are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, radio frequency and direct current (DC) power, reactive gas generation and vacuum technology. About 214,251 shares traded. Mastercard Inc (NYSE:MA) has risen 24.16% since May 25, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.

Investors sentiment increased to 2.19 in Q4 2016. Its up 0.36, from 0.97 in 2016Q3.

Several large investors have recently bought and sold shares of the stock. 106 funds opened positions while 394 raised stakes. 185.29 million shares or 4.76% more from 176.87 million shares in 2016Q3 were reported.

Extended Stay America Inc (NYSE:STAY) opened at 17.77 on Wednesday. Alpine Woods Invsts Limited Com accumulated 227,464 shares. Amalgamated National Bank invested in 0.01% or 10,642 shares. BANGA AJAY sold 161,742 shares worth $18.97 million.

Nationwide Fund Advisors acquired a new position in Extended Stay America Inc (NYSE:STAY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Fmr Ltd Liability Corporation owns 11.85 million shares or 0.03% of their U.S. portfolio. Extended Stay America's revenue was up 1.2% compared to the same quarter previous year.

Among 8 analysts covering Extended Stay America (NYSE:STAY), 5 have Buy rating, 0 Sell and 3 Hold. This is a positive change from Extended Stay America's previous quarterly dividend of $0.19. Moreover, Jane Street Gp has 0% invested in Extended Stay America Inc (NYSE:STAY). Therefore 63% are positive. Finally, TheStreet raised Extended Stay America from a "c+" rating to a "b" rating in a research note on Friday, May 5th. The rating was upgraded by M Partners to "Buy" on Monday, December 5. Deutsche Bank reinitiated Builders FirstSource, Inc. The firm has "Outperform" rating given on Monday, August 3 by Robert W. Baird. The firm earned "Neutral" rating on Monday, September 26 by Goldman Sachs. The firm has "Neutral" rating by Citigroup given on Wednesday, August 17.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Thursday, April 27th. LMR Partners LLP bought a new position in shares of Extended Stay America during the third quarter worth about $2,840,000. The firm has "Underperform" rating by Bank of America given on Tuesday, July 21. Stifel Nicolaus raised Extended Stay America from a "hold" rating to a "buy" rating and increased their price objective for the stock from $16.00 to $18.00 in a report on Wednesday, January 25th. Shares for $142.65 million were sold by Centerbridge Credit Partners General Partner - L.P. Inc. sold 10,250,000 shares of Extended Stay America stock in a transaction dated Wednesday, May 3rd. The insider PAULSON & CO. Blackstone Real Estate Associates VI-ESH L.P. sold 4.38 million shares worth $71.79 million. Zacks Investment Research lowered Extended Stay America from a buy rating to a hold rating in a research note on Friday, March 3rd.

More notable recent Extended Stay America Inc (NYSE:STAY) news were published by: Nasdaq.com which released: "Ex-Dividend Reminder: Extended Stay America, Wynn Resorts and TJX Companies" on May 05, 2017, also Costar.com with their article: "PE Firms Continue To Cash Out of Extended Stay America" published on May 01, 2017, Reuters.com published: "BRIEF-Extended Stay America, ESH Hospitality elect new board members" on May 23, 2017. Also, major shareholder Paulson & Co.

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