Axa Has $10.06 Million Stake in Apple Hospitality REIT Inc (APLE)

AXA boosted its holdings in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 533.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 532,155 shares of the real estate investment trust’s stock after purchasing an additional 448,192 shares during the period. AXA owned approximately 0.24% of Apple Hospitality REIT worth $10,063,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in shares of Apple Hospitality REIT by 4.2% during the 2nd quarter. SG Americas Securities LLC now owns 11,771 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 471 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Apple Hospitality REIT by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares during the period. GAM Holding AG boosted its holdings in shares of Apple Hospitality REIT by 2.8% during the 2nd quarter. GAM Holding AG now owns 18,100 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 500 shares during the period. Ken Stern & Associates Inc. boosted its holdings in shares of Apple Hospitality REIT by 5.4% during the 2nd quarter. Ken Stern & Associates Inc. now owns 12,606 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 647 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Apple Hospitality REIT by 4.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 31,119 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 1,338 shares during the period. 50.91% of the stock is owned by institutional investors and hedge funds.

In related news, insider Glade M. Knight acquired 5,000 shares of the stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the transaction, the insider now owns 10,046,357 shares of the company’s stock, valued at approximately $192,689,127.26. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.30% of the company’s stock.

Shares of Apple Hospitality REIT Inc (NYSE APLE) traded down $0.12 during trading on Friday, hitting $19.55. 990,203 shares of the company were exchanged, compared to its average volume of 1,320,000. The firm has a market cap of $4,360.00 and a PE ratio of 19.36. 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 1-year low of $17.49 and a 1-year high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. equities analysts predict that Apple Hospitality REIT Inc will post 1.74 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.14%. The ex-dividend date is Tuesday, January 2nd. Apple Hospitality REIT’s payout ratio is presently 118.81%.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday. KeyCorp began coverage on shares of Apple Hospitality REIT in a report on Friday. They issued a “sector weight” rating for the company. Robert W. Baird reissued a “buy” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a report on Friday. TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Finally, BidaskClub raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.50.

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Apple Hospitality REIT Profile

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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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