Exane Derivatives purchased a new position in Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,214 shares of the real estate investment trust’s stock, valued at approximately $135,000.
Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Apple Hospitality REIT in the first quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Apple Hospitality REIT in the first quarter worth about $36,000. Valley National Advisers Inc. bought a new stake in shares of Apple Hospitality REIT in the first quarter worth about $51,000. New York State Teachers Retirement System increased its holdings in shares of Apple Hospitality REIT by 275.0% in the first quarter. New York State Teachers Retirement System now owns 3,000 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Herold Advisors Inc. bought a new stake in shares of Apple Hospitality REIT in the first quarter worth about $54,000. 81.38% of the stock is currently owned by institutional investors.
Insider Activity at Apple Hospitality REIT
In related news, Chairman Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $16.21 per share, with a total value of $81,050.00. Following the completion of the transaction, the chairman now owns 493,093 shares of the company’s stock, valued at approximately $7,993,037.53. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.
Wall Street Analyst Weigh In
Apple Hospitality REIT Stock Performance
Shares of NYSE APLE opened at $15.74 on Wednesday. The stock has a 50 day moving average price of $16.23 and a 200 day moving average price of $16.54. Apple Hospitality REIT, Inc. has a 52 week low of $14.29 and a 52 week high of $18.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $3.60 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 0.42 and a beta of 1.10.
Apple Hospitality REIT (NYSE:APLE – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.16). Apple Hospitality REIT had a net margin of 11.40% and a return on equity of 4.05%. During the same period last year, the firm earned $0.30 EPS. Analysts predict that Apple Hospitality REIT, Inc. will post 1.52 earnings per share for the current fiscal year.
Apple Hospitality REIT Increases Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date was Thursday, September 1st. This is a boost from Apple Hospitality REIT’s previous monthly dividend of $0.05. This represents a $0.84 annualized dividend and a yield of 5.34%. Apple Hospitality REIT’s dividend payout ratio is 147.37%.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.
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