Apple Hospitality REIT (APLE) Insider Justin G. Knight Purchases 2,800 Shares

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.

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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.

Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

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