Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,503 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Yousif Capital Management LLC’s holdings in Apple Hospitality REIT were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of APLE. Summit Investment Advisors Inc. grew its holdings in shares of Apple Hospitality REIT by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 755 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Apple Hospitality REIT by 20.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,128 shares in the last quarter. Inspire Advisors LLC grew its holdings in Apple Hospitality REIT by 8.5% in the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,137 shares in the last quarter. Keybank National Association OH grew its holdings in Apple Hospitality REIT by 3.1% in the 4th quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 1,218 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its holdings in Apple Hospitality REIT by 4.9% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 1,272 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Insider Activity

In related news, Chairman Glade M. Knight purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $11.43 per share, with a total value of $114,300.00. Following the completion of the purchase, the chairman now owns 700,344 shares of the company’s stock, valued at $8,004,931.92. The trade was a 1.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 12,000 shares of company stock worth $137,120 over the last quarter. Corporate insiders own 7.10% of the company’s stock.

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE opened at $11.57 on Thursday. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $16.50. The stock has a fifty day moving average of $11.71 and a 200-day moving average of $13.64. The company has a market capitalization of $2.75 billion, a PE ratio of 14.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.84.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 5.84% and a net margin of 13.38%. The company had revenue of $327.70 million during the quarter, compared to the consensus estimate of $332.86 million. As a group, equities analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a may 25 dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.08 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 8.3%. Apple Hospitality REIT’s payout ratio is currently 121.52%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $14.00 to $12.00 in a research report on Monday, June 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus target price of $15.75.

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 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.