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Extended Stay America, Inc. (STAY)

Jun 15, 2021 - STAY was delisted (reason: acquired by Blackstone and Starwood Capital Group)
20.46 0.00 (0.00%)
Jun 15, 2021 4:00 PM EDT - Market closed
Market Cap3.64B
Revenue (ttm)1.04B
Net Income (ttm)20.63M
Shares Out177.83M
EPS (ttm)0.57
PE Ratio36.15
Forward PEn/a
Dividend$0.20 (0.98%)
Ex-Dividend DateMar 11, 2021
Volume1
Open-
Previous Close20.46
Day's Range20.44 - 20.47
52-Week Range10.31 - 20.47
Beta1.92
AnalystsBuy
Price Target19.50 (-4.7%)
Est. Earnings DateAug 9, 2021

About STAY

Extended Stay America, Inc., together with its subsidiaries, owns, operates, develops, and manages hotels in the United States. As of December 31, 2020, the company had a network of 646 hotels. It serves customers in the mid-priced extended stay segment. The company also licenses Extended Stay America brand to third-party franchisees. Extended Stay America, Inc. was founded in 1995 and is headquartered in Charlotte, North Carolina.

IndustryHotels, Restaurants & Leisure
IPO DateNov 13, 2013
CEOJonathan Halkyard
CountryUnited States
Stock ExchangeNASDAQ
Ticker SymbolSTAY
Full Company Profile

Financial Performance

In 2020, STAY's revenue was $1.04 billion, a decrease of -14.44% compared to the previous year's $1.22 billion. Earnings were $23.27 million, a decrease of -66.60%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for STAY stock is "Buy." The 12-month stock price forecast is 19.50, which is a decrease of -4.69% from the latest price.

Price Target
$19.50
(-4.69% downside)
Analyst Consensus: Buy

News

As Pet Travel Grows, Hilton Extended Stay Hotels Go 100% Pet-Friendly By 2022

In a growing travel trend, people are traveling more with their pets. Hilton is taking notice by making all of its extended stay brands pet-friendly by 2022.

Other symbols:HLT
1 month ago - Forbes

Extended Stay America Launches Premier Suites

Nation's Leading Extended Stay Hotel Company Launches Elevated Experience with 25 Properties Across the U.S. Nation's Leading Extended Stay Hotel Company Launches Elevated Experience with 25 Properties ...

3 months ago - GlobeNewsWire

Blackstone and Starwood Capital Group Complete Acquisition of Extended Stay America

CHARLOTTE, N.C., June 16, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (...

4 months ago - GlobeNewsWire

Extended Stay America Shareholders Vote to Approve Transaction With Blackstone and Starwood Capital

CHARLOTTE, N.C., June 11, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (...

4 months ago - GlobeNewsWire

Why Is Extended Stay America (STAY) Up 2.6% Since Last Earnings Report?

Extended Stay America (STAY) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

3 Stocks Paying Special Dividends in June

According to the Upcoming Special Dividends page, a Premium feature of GuruFocus, three stocks that are paying a one-time cash dividend during June are Capitol Federal Financial Inc. ( CFFN , Financial)...

Other symbols:CFFNGBLWSBF
4 months ago - GuruFocus

Tarsadia Issues Open Letter Urging Extended Stay America Shareholders to Vote Against Proposed Sale to Blackstone and...

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today released an open letter to shareholders of Extended Stay America, Inc. ...

4 months ago - Business Wire

Glass Lewis Continues to Recommend Shareholders Reject Proposed Sale of Extended Stay America

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today announced that leading proxy advisor Glass, Lewis & Co. (“Glass Lewis”)...

4 months ago - Business Wire

ISS Recommends Extended Stay America Shareholders Vote for the Amended Transaction With Blackstone and Starwood Capital

Proxy Advisor Reverses Previous Position, Recommends Increased $20.50 Per Paired Share Merger Price Proxy Advisor Reverses Previous Position, Recommends Increased $20.50 Per Paired Share Merger Price

4 months ago - GlobeNewsWire

Extended Stay America (STAY) Soars to 52-Week High, Time to Cash Out?

Extended Stay America (STAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

4 months ago - Zacks Investment Research

Extended Stay America (STAY) Upgraded to Buy: What Does It Mean for the Stock?

Extended Stay America (STAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

4 months ago - Zacks Investment Research

5 Discounted Picks as Americans Head Into Summer of Freedom

Amid the current market correction, we have shortlisted five stocks from the relevant sectors, ONEW, VSTO, STAY, ASO, AXL.

Other symbols:ASOAXLONEWVSTO
4 months ago - Zacks Investment Research

Tarsadia Comments on Updated Offer from Blackstone and Starwood to Acquire Extended Stay America

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today commented on the updated offer from Blackstone Real Estate Partners and...

4 months ago - Business Wire

Blackstone, Starwood Capital raise offer for Extended Stay America to $20.50 per share

Extended Stay America on Tuesday said Blackstone Group and Starwood Capital Group raised their buyout bid for the hotel operator to $20.50 per paired share in cash.

Other symbols:BX
4 months ago - Reuters

Blackstone and Starwood Capital Increase Offer to Acquire Extended Stay America to $20.50 in Cash Per Paired Share an...

Represents “Best and Final” Offer from Blackstone and Starwood Capital and Provides Enhanced, Immediate and Certain Value

4 months ago - GlobeNewsWire

Both Leading Independent Proxy Advisory Firms Recommend Extended Stay America Shareholders Vote AGAINST Proposed Sale...

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today announced that both leading independent proxy advisory firms, Instituti...

4 months ago - Business Wire

Leading Independent Proxy Advisory Firm ISS Recommends Extended Stay America Shareholders Vote AGAINST Proposed Sale ...

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today announced that leading independent proxy advisory firm Institutional Sh...

4 months ago - Business Wire

Extended Stay America Files Investor Presentation in Support of Transaction with Blackstone and Starwood Capital

Urges Shareholders to Vote on June 8 “FOR” the Sale on the WHITE Company Proxy Card Urges Shareholders to Vote on June 8 “FOR” the Sale on the WHITE Company Proxy Card

5 months ago - GlobeNewsWire

Extended Stay America Responds to Tarsadia and Highlights Compelling Reasons to Support the Transaction with Blacksto...

New Letter to Shareholders Provides Comprehensive Discussion of the Transaction Rationale and the Immediate, Certain and Compelling $19.50 Per Paired Share Cash Value

5 months ago - GlobeNewsWire

Extended Stay (STAY) Q1 Earnings & Revenues Beat Estimates

Extended Stay's (STAY) first-quarter 2021 performance is hurt by dismal RevPAR and increased hotel operating expenses.

5 months ago - Zacks Investment Research

Extended Stay America (STAY) Tops Q1 Earnings and Revenue Estimates

Extended Stay America (STAY) delivered earnings and revenue surprises of 500.00% and 2.57%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Extended Stay America Announces First Quarter 2021 Results

CHARLOTTE, N.C., May 10, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced consolidated results for the three...

5 months ago - GlobeNewsWire

Tarsadia Capital Files Definitive Proxy Statement to Solicit Votes in Opposition to Sale of Extended Stay America to ...

NEW YORK--(BUSINESS WIRE)--Tarsadia Capital, LLC together with its affiliates, associates and funds it manages (“Tarsadia”), today sent a letter and proxy statement to shareholders of Extended Stay Amer...

5 months ago - Business Wire

EXTENDED STAY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequac...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Extended Stay Amer...

5 months ago - Business Wire

4 Outperforming Hotel Stocks to Consider as Room Rates Rise

As more and more Americans get Covid-19 vaccinations and lockdowns are being lifted, travel demand has begun to increase. Rates for hotel rooms are rising right along with it as hospitality companies st...

Other symbols:HLTMARRLH
5 months ago - GuruFocus