When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Extended Stay America (STAY) reported better than expected 1Q20 results with 1Q20 RevPAR down -5.8% yoy and adjusted EBITDA of $97.7M, declining 16% yoy. Like its peers, RevPAR was tracking positively through January and February (up 2.6% yoy for STAY), but COVID-19 impacted March RevPAR with a decline of 19% yoy. Occupancy has since bottomed in April and stands at about 65% during the week ending May 2.
Dividend per share was $0.23 in 4Q19 (ex-div: Mar 11, 2020). I expect STAY to lower the dividend prudently to preserve cash flow and adopt