Signaturefd LLC Buys 913 Shares of Apple Hospitality REIT, Inc. $APLE

Signaturefd LLC increased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,058 shares of the real estate investment trust’s stock after purchasing an additional 913 shares during the period. Signaturefd LLC’s holdings in Apple Hospitality REIT were worth $82,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in Apple Hospitality REIT in the 1st quarter valued at about $40,841,000. Jacobs Levy Equity Management Inc. bought a new position in Apple Hospitality REIT in the first quarter valued at approximately $9,055,000. Victory Capital Management Inc. lifted its stake in Apple Hospitality REIT by 9.4% during the first quarter. Victory Capital Management Inc. now owns 7,401,428 shares of the real estate investment trust’s stock worth $95,552,000 after purchasing an additional 633,688 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Apple Hospitality REIT by 59.3% in the 1st 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 purchasing an additional 540,957 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Apple Hospitality REIT in the 1st quarter valued at $6,254,000. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on APLE. Robert W. Baird dropped their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company increased their target price on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Saturday, September 27th. BMO Capital Markets cut shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research report on Monday, June 9th. Finally, Cantor Fitzgerald started coverage on shares of Apple Hospitality REIT in a research report on Wednesday. They issued an “overweight” rating and a $14.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Apple Hospitality REIT Stock Down 1.0%

Shares of APLE opened at $11.96 on Friday. The stock’s 50-day moving average price is $12.36 and its two-hundred day moving average price is $12.10. Apple Hospitality REIT, Inc. has a 12 month low of $10.44 and a 12 month high of $16.50. The company has a market capitalization of $2.83 billion, a PE ratio of 15.94 and a beta of 1.02. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $384.37 million during the quarter, compared to analysts’ expectations of $381.37 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. On average, analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a oct 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 30th. This represents a dividend yield of 799.0%. Apple Hospitality REIT’s payout ratio is 128.00%.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $12.29 per share, with a total value of $61,450.00. Following the purchase, the chairman owned 705,344 shares in the company, valued at $8,668,677.76. This trade represents a 0.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.10% of the company’s stock.

About Apple Hospitality REIT

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.