Pacer Advisors Inc. lifted its holdings in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 15.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,446 shares of the real estate investment trust’s stock after buying an additional 6,219 shares during the period. Pacer Advisors Inc.’s holdings in Apple Hospitality REIT were worth $897,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of APLE. Macquarie Group Ltd. increased its holdings in Apple Hospitality REIT by 4.4% in the 3rd quarter. Macquarie Group Ltd. now owns 68,700 shares of the real estate investment trust’s stock worth $1,299,000 after purchasing an additional 2,900 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 278.6% in the third quarter. SG Americas Securities LLC now owns 44,567 shares of the real estate investment trust’s stock valued at $843,000 after buying an additional 32,796 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Apple Hospitality REIT by 29.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 197,666 shares of the real estate investment trust’s stock valued at $3,738,000 after buying an additional 45,163 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Apple Hospitality REIT by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 1,529,885 shares of the real estate investment trust’s stock valued at $28,931,000 after buying an additional 143,157 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Apple Hospitality REIT by 510.4% in the third quarter. Teacher Retirement System of Texas now owns 103,815 shares of the real estate investment trust’s stock valued at $1,963,000 after buying an additional 86,806 shares during the period. 50.91% of the stock is owned by institutional investors.
APLE has been the subject of several recent research reports. BidaskClub cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Canaccord Genuity restated a “hold” rating and set a $19.00 target price (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Finally, Robert W. Baird set a $20.00 target price on Apple Hospitality REIT and gave the company a “buy” rating in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.67.
In related news, insider Glade M. Knight acquired 5,000 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the completion of the purchase, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.30% of the company’s stock.
Apple Hospitality REIT Inc (APLE) opened at $19.48 on Tuesday. The stock has a market capitalization of $4,318.46, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT Inc has a fifty-two week low of $17.49 and a fifty-two week high of $20.68.
Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $324.90 million for the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. equities analysts expect that Apple Hospitality REIT Inc will post 1.73 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 118.81%.
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About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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