Northern Trust Corp Has $41.41 Million Stock Holdings in Apple Hospitality REIT, Inc. $APLE

Northern Trust Corp decreased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,207,205 shares of the real estate investment trust’s stock after selling 52,296 shares during the period. Northern Trust Corp owned 1.35% of Apple Hospitality REIT worth $41,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in APLE. Nuveen LLC acquired a new stake in shares of Apple Hospitality REIT in the first quarter valued at about $40,841,000. Victory Capital Management Inc. increased its stake in shares of Apple Hospitality REIT by 9.4% in the first quarter. Victory Capital Management Inc. now owns 7,401,428 shares of the real estate investment trust’s stock valued at $95,552,000 after buying an additional 633,688 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Apple Hospitality REIT by 59.3% in the first quarter. Allianz Asset Management GmbH now owns 1,452,584 shares of the real estate investment trust’s stock valued at $18,753,000 after buying an additional 540,957 shares during the period. Woodline Partners LP acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $5,898,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $4,293,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on APLE shares. BMO Capital Markets cut Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Monday, June 9th. Wells Fargo & Company raised their target price on Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Apple Hospitality REIT Trading Down 0.2%

NYSE APLE opened at $13.15 on Friday. The business has a 50 day simple moving average of $12.19 and a 200 day simple moving average of $12.48. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $16.50. The stock has a market capitalization of $3.12 billion, a P/E ratio of 17.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $384.37 million for the quarter, compared to analyst estimates of $381.37 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. Research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 780.0%. Apple Hospitality REIT’s dividend payout ratio is presently 128.00%.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the completion of the acquisition, the chairman owned 705,344 shares in the company, valued at approximately $8,668,677.76. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.10% of the company’s stock.

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.