Apple Hospitality REIT Inc (APLE) Position Increased by TLP Group LLC

TLP Group LLC increased its stake in Apple Hospitality REIT Inc (NYSE:APLE) by 1,074.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,942 shares of the real estate investment trust’s stock after purchasing an additional 11,840 shares during the period. TLP Group LLC’s holdings in Apple Hospitality REIT were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Apple Hospitality REIT by 20.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,566 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 3,147 shares during the last quarter. Aperio Group LLC raised its position in Apple Hospitality REIT by 63.0% during the 4th quarter. Aperio Group LLC now owns 200,255 shares of the real estate investment trust’s stock worth $3,927,000 after buying an additional 77,379 shares during the last quarter. US Bancorp DE raised its position in 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 buying an additional 3,120 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Apple Hospitality REIT by 67.7% during the 4th 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 last quarter. Finally, Teacher Retirement System of Texas raised its position in Apple Hospitality REIT by 53.3% during the 4th quarter. Teacher Retirement System of Texas now owns 159,151 shares of the real estate investment trust’s stock worth $3,121,000 after buying an additional 55,336 shares during the last quarter. Institutional investors own 55.98% of the company’s stock.

In related news, insider Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average price of $18.52 per share, with a total value of $92,600.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 6.30% of the stock is currently owned by insiders.

Shares of Apple Hospitality REIT opened at $18.55 on Friday, according to Marketbeat.com. The firm has a market capitalization of $4.32 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.15 and a beta of 0.67. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. Apple Hospitality REIT Inc has a one year low of $16.72 and a one year high of $20.19.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.21). The company had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $299.89 million. Apple Hospitality REIT had a return on equity of 5.38% and a net margin of 15.30%. Apple Hospitality REIT’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. equities research analysts expect that Apple Hospitality REIT Inc will post 1.75 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Monday, June 18th. Investors of record on Monday, June 4th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.47%. The ex-dividend date is Friday, June 1st. Apple Hospitality REIT’s payout ratio is presently 68.97%.

Several equities analysts have recently weighed in on the stock. TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, May 18th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, May 8th. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the company a “buy” rating in a report on Monday, February 26th. Barclays reaffirmed an “equal weight” rating and set a $20.00 target price (down from $21.00) on shares of Apple Hospitality REIT in a report on Tuesday, February 27th. Finally, B. Riley set a $20.00 target price on shares of Apple Hospitality REIT and gave the company a “hold” rating in a report on Tuesday, May 8th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Apple Hospitality REIT has an average rating of “Hold” and an average target price of $20.00.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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