M&T Bank Corp raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) by 18.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,583 shares of the real estate investment trust’s stock after purchasing an additional 3,333 shares during the quarter. M&T Bank Corp’s holdings in Apple Hospitality REIT were worth $268,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Apple Hospitality REIT by 1.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 63,294 shares of the real estate investment trust’s stock worth $1,137,000 after acquiring an additional 702 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Apple Hospitality REIT by 1.5% during the 1st quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust’s stock worth $935,000 after acquiring an additional 786 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in shares of Apple Hospitality REIT by 5.2% during the 1st quarter. Ellis Investment Partners LLC now owns 21,450 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 1,053 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Apple Hospitality REIT by 53.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,386 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Apple Hospitality REIT during the 1st quarter worth about $25,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
Insider Buying and Selling at Apple Hospitality REIT
In other news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was purchased at an average price of $16.29 per share, with a total value of $81,450.00. Following the acquisition, the chairman now directly owns 498,093 shares in the company, valued at approximately $8,113,934.97. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.
Apple Hospitality REIT Trading Up 0.5 %
Apple Hospitality REIT Increases Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Wednesday, November 2nd were issued a $0.08 dividend. This is a boost from Apple Hospitality REIT’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $0.96 annualized dividend and a yield of 5.90%. Apple Hospitality REIT’s dividend payout ratio is 139.13%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on APLE shares. TheStreet upgraded Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Thursday, August 11th. StockNews.com began coverage on Apple Hospitality REIT in a research report on Wednesday, October 12th. They set a “hold” rating for the company. B. Riley raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating in a research report on Thursday, August 11th. Finally, Wells Fargo & Company raised Apple Hospitality REIT from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $16.00 to $17.00 in a research report on Monday, August 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.
Apple Hospitality REIT 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.
- Get a free copy of the StockNews.com research report on Apple Hospitality REIT (APLE)
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