Apple Hospitality REIT Inc (NYSE:APLE) insider Justin G. Knight purchased 2,800 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was bought at an average cost of $17.38 per share, with a total value of $48,664.00. Following the acquisition, the insider now owns 1,109,681 shares of the company’s stock, valued at approximately $19,286,255.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Apple Hospitality REIT Inc (NYSE:APLE) traded up $0.13 during trading on Friday, hitting $17.54. 1,560,244 shares of the company traded hands, compared to its average volume of 1,653,962. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. Apple Hospitality REIT Inc has a 12-month low of $16.72 and a 12-month high of $20.19. The stock has a market capitalization of $4,037.78, a PE ratio of 21.65, a PEG ratio of 2.01 and a beta of 0.72.
Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $288.75 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. analysts predict that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.20 annualized dividend and a dividend yield of 6.84%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 148.15%.
A number of research analysts have issued reports on APLE shares. Barclays reaffirmed an “equal weight” rating and issued a $20.00 price target (down previously from $21.00) on shares of Apple Hospitality REIT in a report on Tuesday, February 27th. Zacks Investment Research cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. KeyCorp assumed coverage on shares of Apple Hospitality REIT in a report on Friday, January 12th. They set a “sector weight” rating for the company. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.20.
Several institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its position in Apple Hospitality REIT by 132.3% during the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 3,120 shares during the period. The Manufacturers Life Insurance Company grew its position in Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 494 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Apple Hospitality REIT during the fourth quarter valued at $213,000. Public Employees Retirement Association of Colorado grew its position in Apple Hospitality REIT by 67.7% during the fourth 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 buying an additional 4,468 shares during the period. Finally, Evermay Wealth Management LLC acquired a new stake in Apple Hospitality REIT during the fourth quarter valued at $218,000. 54.51% of the stock is owned by hedge funds and other institutional investors.
Apple Hospitality REIT Company Profile
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.
Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.