UBS Asset Management Americas Inc. boosted its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 588,679 shares of the real estate investment trust’s stock after purchasing an additional 86,894 shares during the period. UBS Asset Management Americas Inc. owned about 0.26% of Apple Hospitality REIT worth $11,544,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in APLE. US Bancorp DE boosted its stake in shares of Apple Hospitality REIT by 132.3% during the 4th quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 3,120 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Apple Hospitality REIT by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Apple Hospitality REIT by 67.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,468 shares during the period. Evermay Wealth Management LLC acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter worth $218,000. Finally, Cadence Capital Management LLC boosted its position in shares of Apple Hospitality REIT by 28.6% in the third quarter. Cadence Capital Management LLC now owns 15,241 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 3,394 shares during the period. 54.51% of the stock is currently owned by institutional investors.
In other news, Director Redd Hugh bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $16.89 per share, with a total value of $84,450.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Glade M. Knight purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of $17.16 per share, for a total transaction of $171,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 26,391 shares of company stock worth $449,768. Corporate insiders own 6.30% of the company’s stock.
APLE has been the topic of several recent research reports. TheStreet lowered Apple Hospitality REIT from a “b” rating to a “c” rating in a report on Thursday, February 8th. Zacks Investment Research cut shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Robert W. Baird restated a “buy” rating and set a $21.00 price objective on shares of Apple Hospitality REIT in a research note on Friday, January 12th. KeyCorp began coverage on shares of Apple Hospitality REIT in a research note on Friday, January 12th. They issued a “sector weight” rating for the company. Finally, Barclays began coverage on shares of Apple Hospitality REIT in a research note on Wednesday, January 31st. They issued an “equal weight” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.20.
Apple Hospitality REIT Inc (NYSE APLE) traded up $0.01 during midday trading on Wednesday, hitting $17.39. 1,016,959 shares of the company traded hands, compared to its average volume of 1,760,000. Apple Hospitality REIT Inc has a twelve month low of $16.72 and a twelve month high of $20.19. The firm has a market cap of $3,880.00 and a price-to-earnings ratio of 21.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04.
Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Apple Hospitality REIT had a net margin of 14.73% and a return on equity of 5.19%. The business had revenue of $289.07 million during the quarter, compared to the consensus estimate of $288.75 million. During the same quarter last year, the firm earned $0.37 earnings per share. Apple Hospitality REIT’s quarterly revenue was up 2.4% on a year-over-year basis. equities research analysts predict that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 1st. Apple Hospitality REIT’s payout ratio is presently 146.34%.
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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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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