Wealth Enhancement Advisory Services LLC Has $360,000 Stake in Apple Hospitality REIT, Inc. $APLE

Wealth Enhancement Advisory Services LLC boosted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 71.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,701 shares of the real estate investment trust’s stock after buying an additional 12,368 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Apple Hospitality REIT were worth $360,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of APLE. Harbor Capital Advisors Inc. grew its stake in Apple Hospitality REIT by 20.0% during the first quarter. Harbor Capital Advisors Inc. now owns 184,016 shares of the real estate investment trust’s stock worth $2,376,000 after buying an additional 30,719 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Apple Hospitality REIT by 12.0% in the 1st quarter. Sound Income Strategies LLC now owns 1,016,816 shares of the real estate investment trust’s stock valued at $13,127,000 after purchasing an additional 108,833 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Apple Hospitality REIT by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 162,231 shares of the real estate investment trust’s stock valued at $2,094,000 after purchasing an additional 4,834 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Apple Hospitality REIT by 16.9% in the 1st quarter. Blue Trust Inc. now owns 9,934 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,438 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of Apple Hospitality REIT by 9.2% in the 1st quarter. PFG Investments LLC now owns 13,216 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,115 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APLE shares. Wells Fargo & Company raised their price target on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note 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. Robert W. Baird reduced their price target on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Cantor Fitzgerald started coverage on shares of Apple Hospitality REIT in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.50.

Apple Hospitality REIT Stock Down 0.5%

Apple Hospitality REIT stock opened at $11.67 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $16.50. The firm has a 50 day moving average price of $12.34 and a two-hundred day moving average price of $12.08. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 15.55 and a beta of 1.02.

Apple Hospitality REIT (NYSE:APLE) last released 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. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The firm had revenue of $384.37 million during the quarter, compared to analyst estimates of $381.37 million. Equities analysts predict 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. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 30th. This represents a yield of 799.0%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 128.00%.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight purchased 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, for a total transaction of $61,450.00. Following the acquisition, the chairman owned 705,344 shares in the company, valued at $8,668,677.76. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.