Apple Hospitality REIT, Inc. (NYSE:APLE) insider Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the transaction, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Apple Hospitality REIT, Inc. (APLE) opened at $19.24 on Tuesday. The company has a market cap of $4,267.15, a P/E ratio of 10.93, a PEG ratio of 2.21 and a beta of 0.60. Apple Hospitality REIT, Inc. has a 52-week low of $17.49 and a 52-week high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. research analysts expect that Apple Hospitality REIT, Inc. will post 1.73 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Thursday, November 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.
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Hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in shares of Apple Hospitality REIT in the 2nd quarter worth $102,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Apple Hospitality REIT by 26.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 1,393 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Apple Hospitality REIT by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 494 shares in the last quarter. IMS Capital Management bought a new position in shares of Apple Hospitality REIT in the 2nd quarter worth $140,000. Finally, Ffcm LLC lifted its holdings in shares of Apple Hospitality REIT by 353.1% in the 2nd quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 6,526 shares in the last quarter. 49.78% of the stock is owned by institutional investors.
A number of analysts have weighed in on APLE shares. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Canaccord Genuity reissued a “hold” rating and set a $19.00 target price (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Finally, B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.67.
About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.
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