Apple Hospitality REIT Inc (NYSE:APLE) Director Redd Hugh acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average cost of $16.91 per share, for a total transaction of $84,550.00. Following the completion of the transaction, the director now directly owns 75,840 shares in the company, valued at approximately $1,282,454.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Redd Hugh also recently made the following trade(s):
- On Friday, March 2nd, Redd Hugh purchased 5,000 shares of Apple Hospitality REIT stock. The shares were acquired at an average cost of $16.89 per share, for a total transaction of $84,450.00.
Shares of Apple Hospitality REIT Inc (NYSE:APLE) traded up $0.01 during trading hours on Wednesday, hitting $17.39. 1,016,959 shares of the company’s stock were exchanged, compared to its average volume of 1,760,000. Apple Hospitality REIT Inc has a 1 year low of $16.72 and a 1 year 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 quick ratio of 0.04 and a current 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 (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. Apple Hospitality REIT had a net margin of 14.73% and a return on equity of 5.19%. The firm had revenue of $289.07 million for the quarter, compared to analyst estimates of $288.75 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Thursday, March 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 146.34%.
Several brokerages have commented on APLE. KeyCorp began coverage on shares of Apple Hospitality REIT in a research report on Friday, January 12th. They set a “sector weight” rating on the stock. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, January 12th. 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. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. Finally, Barclays initiated coverage on shares of Apple Hospitality REIT in a research note on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.20.
Several institutional investors have recently modified their holdings of APLE. US Bancorp DE lifted its holdings 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 during the period. The Manufacturers Life Insurance Company lifted its stake in 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 valued at $132,000 after purchasing an additional 494 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Apple Hospitality REIT in the 4th quarter valued at approximately $213,000. Public Employees Retirement Association of Colorado lifted its stake in Apple Hospitality REIT by 67.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 4,468 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new position in Apple Hospitality REIT in the 4th quarter valued at approximately $218,000. 54.51% of the stock is owned by institutional investors.
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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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