Nomura Asset Management Co. Ltd. Buys 6,700 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,400 shares of the real estate investment trust’s stock after purchasing an additional 6,700 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.11% of Apple Hospitality REIT worth $4,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APLE. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Apple Hospitality REIT by 1.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 125,838 shares of the real estate investment trust’s stock worth $1,930,000 after acquiring an additional 1,980 shares during the period. abrdn plc lifted its holdings in shares of Apple Hospitality REIT by 2.3% during the third quarter. abrdn plc now owns 45,164 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 1,004 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Apple Hospitality REIT by 1.2% in the third quarter. Arizona State Retirement System now owns 61,947 shares of the real estate investment trust’s stock valued at $950,000 after acquiring an additional 749 shares during the period. Jump Financial LLC grew its stake in shares of Apple Hospitality REIT by 1,061.9% in the third quarter. Jump Financial LLC now owns 130,998 shares of the real estate investment trust’s stock worth $2,010,000 after acquiring an additional 119,724 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Apple Hospitality REIT by 7.6% during the third quarter. New York State Common Retirement Fund now owns 88,860 shares of the real estate investment trust’s stock worth $1,363,000 after acquiring an additional 6,272 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Up 0.3 %

Shares of NYSE:APLE opened at $14.21 on Friday. The company has a market capitalization of $3.44 billion, a PE ratio of 16.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average is $15.30 and its 200-day moving average is $16.08. Apple Hospitality REIT, Inc. has a 52 week low of $14.08 and a 52 week high of $17.90.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. The firm had revenue of $329.51 million for the quarter, compared to the consensus estimate of $324.68 million. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.64 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 annualized dividend and a yield of 6.76%. Apple Hospitality REIT’s payout ratio is 111.63%.

Insiders Place Their Bets

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $14.78 per share, for a total transaction of $73,900.00. Following the completion of the purchase, the chairman now owns 631,990 shares in the company, valued at approximately $9,340,812.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.40.

View Our Latest Report on APLE

About Apple Hospitality REIT

(Free Report)

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 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.

See Also

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

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