153,698 Shares in Apple Hospitality REIT, Inc. $APLE Acquired by Caxton Associates LLP

Caxton Associates LLP acquired a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 153,698 shares of the real estate investment trust’s stock, valued at approximately $1,794,000. Caxton Associates LLP owned approximately 0.06% of Apple Hospitality REIT as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Apple Hospitality REIT by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,401,005 shares of the real estate investment trust’s stock worth $82,637,000 after acquiring an additional 80,591 shares during the last quarter. LSV Asset Management increased its position in Apple Hospitality REIT by 8.8% in the second quarter. LSV Asset Management now owns 2,741,253 shares of the real estate investment trust’s stock worth $31,990,000 after purchasing an additional 221,976 shares during the period. Systematic Financial Management LP raised its holdings in Apple Hospitality REIT by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 2,255,552 shares of the real estate investment trust’s stock worth $26,322,000 after purchasing an additional 75,638 shares during the last quarter. Bank of America Corp DE lifted its position in Apple Hospitality REIT by 42.6% during the 2nd quarter. Bank of America Corp DE now owns 1,904,629 shares of the real estate investment trust’s stock valued at $22,227,000 after purchasing an additional 569,109 shares during the period. Finally, Centerbridge Partners L.P. acquired a new position in Apple Hospitality REIT during the 2nd quarter valued at about $22,147,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APLE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Apple Hospitality REIT in a research note on Thursday, October 30th. Cantor Fitzgerald began coverage on shares of Apple Hospitality REIT in a research report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 target price for the company. Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research note on Tuesday, November 4th. Robert W. Baird decreased their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Wells Fargo & Company upgraded Apple Hospitality REIT to a “hold” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus target price of $12.70.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $11.91 per share, with a total value of $59,550.00. Following the purchase, the chairman owned 710,344 shares in the company, valued at $8,460,197.04. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 8,000 shares of company stock valued at $95,180. 7.10% of the stock is currently owned by insiders.

Apple Hospitality REIT Price Performance

Shares of APLE stock opened at $12.13 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 12-month low of $10.44 and a 12-month high of $16.28. The firm has a fifty day moving average of $11.63 and a 200-day moving average of $11.98. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.62 and a beta of 0.83.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Apple Hospitality REIT had a return on equity of 5.46% and a net margin of 12.37%.The business had revenue of $373.88 million for the quarter, compared to the consensus estimate of $371.94 million. On average, equities research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, November 28th. Apple Hospitality REIT’s payout ratio is 131.51%.

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.