Apple Hospitality REIT (NYSE:APLE) insider Justin G. Knight acquired 2,800 shares of the stock in a transaction on Wednesday, March 14th. The stock was bought at an average price of $17.38 per share, with a total value of $48,664.00. Following the transaction, the insider now directly owns 1,109,681 shares of the company’s stock, valued at approximately $19,286,255.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE APLE opened at $17.51 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT has a 52 week low of $16.72 and a 52 week high of $20.19. The stock has a market capitalization of $4,058.50, a PE ratio of 10.06, a P/E/G ratio of 2.01 and a beta of 0.65.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $289.07 million for the quarter, compared to the consensus estimate of $288.75 million. Apple Hospitality REIT had a return on equity of 5.19% and a net margin of 14.73%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. equities analysts predict that Apple Hospitality REIT will post 1.75 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.85%. The ex-dividend date is Monday, April 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 68.97%.
APLE has been the subject of a number of research reports. TheStreet upgraded Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Robert W. Baird reissued a “buy” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a research note on Friday, January 12th. KeyCorp assumed coverage on Apple Hospitality REIT in a research note on Friday, January 12th. They issued a “sector weight” rating on the stock. Zacks Investment Research raised Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, January 12th. Finally, Barclays began coverage on Apple Hospitality REIT in a research report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Apple Hospitality REIT presently has an average rating of “Hold” and an average target price of $20.20.
A number of institutional investors and hedge funds have recently modified their holdings of APLE. The Manufacturers Life Insurance Company raised its stake in 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 valued at $132,000 after purchasing an additional 494 shares during the period. New York State Teachers Retirement System grew its holdings in Apple Hospitality REIT by 65.2% during the 3rd quarter. New York State Teachers Retirement System now owns 18,500 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 7,300 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Apple Hospitality REIT by 26.6% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,080 shares of the real estate investment trust’s stock valued at $569,000 after buying an additional 6,321 shares in the last quarter. American Century Companies Inc. grew its holdings in Apple Hospitality REIT by 336.8% during the 3rd quarter. American Century Companies Inc. now owns 287,604 shares of the real estate investment trust’s stock valued at $5,439,000 after buying an additional 221,764 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Apple Hospitality REIT by 12.8% during the 3rd quarter. Prudential Financial Inc. now owns 569,587 shares of the real estate investment trust’s stock valued at $10,770,000 after buying an additional 64,568 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors.
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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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.
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