IFM Investors Pty Ltd Sells 6,954 Shares of Apple Hospitality REIT, Inc. $APLE

IFM Investors Pty Ltd lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,787 shares of the real estate investment trust’s stock after selling 6,954 shares during the quarter. IFM Investors Pty Ltd’s holdings in Apple Hospitality REIT were worth $591,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Apple Hospitality REIT by 295.9% in the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,814 shares during the period. Versant Capital Management Inc boosted its position in shares of Apple Hospitality REIT by 569.5% in the first quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,386 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $64,000. Kestra Investment Management LLC bought a new stake in shares of Apple Hospitality REIT in the first quarter valued at about $57,000. Finally, Quarry LP boosted its position in shares of Apple Hospitality REIT by 64.8% in the first quarter. Quarry LP now owns 5,137 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 2,019 shares during the period. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 0.8%

APLE opened at $12.58 on Friday. Apple Hospitality REIT, Inc. has a twelve month low of $10.44 and a twelve month high of $16.50. The company has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $12.29. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.77 and a beta of 1.05.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The business had revenue of $384.37 million during the quarter, compared to analysts’ expectations of $381.37 million. Analysts predict 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 aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 735.0%. Apple Hospitality REIT’s payout ratio is presently 128.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APLE shares. BMO Capital Markets cut shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $14.00 to $12.00 in a research report on Monday, June 9th. Wells Fargo & Company boosted their target price on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $12.29 per share, with a total value of $61,450.00. Following the completion of the purchase, the chairman owned 705,344 shares in the company, valued at $8,668,677.76. The trade was a 0.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.10% of the company’s stock.

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 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.