Apple Hospitality REIT (NYSE:APLE) insider Glade M. Knight bought 5,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was purchased at an average price of $18.52 per share, with a total value of $92,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Apple Hospitality REIT opened at $18.39 on Thursday, according to Marketbeat.com. Apple Hospitality REIT has a 1 year low of $18.32 and a 1 year high of $18.42. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.20 billion, a PE ratio of 10.57, a P/E/G ratio of 2.09 and a beta of 0.64.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.21). Apple Hospitality REIT had a return on equity of 5.38% and a net margin of 15.30%. The company had revenue of $298.40 million for the quarter, compared to the consensus estimate of $299.89 million. During the same quarter last year, the business earned $0.39 earnings per share. Apple Hospitality REIT’s revenue was up 1.9% compared to the same quarter last year. research analysts anticipate that Apple Hospitality REIT will post 1.75 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Wednesday, May 2nd were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 6.53%. Apple Hospitality REIT’s payout ratio is currently 68.97%.
APLE has been the subject of a number of analyst reports. Barclays initiated 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 for the company. TheStreet downgraded Apple Hospitality REIT from a “b” rating to a “c” rating in a research report on Thursday, February 8th. B. Riley set a $20.00 price objective on Apple Hospitality REIT and gave the stock a “hold” rating in a research report on Friday, February 23rd. Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $20.00.
Hedge funds have recently modified their holdings of the business. US Bancorp DE increased its holdings in Apple Hospitality REIT by 132.3% in the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 3,120 shares in the last quarter. Franklin Resources Inc. bought a new stake in Apple Hospitality REIT in the first quarter worth approximately $176,000. Cambridge Investment Research Advisors Inc. bought a new stake in Apple Hospitality REIT in the fourth quarter worth approximately $213,000. Public Employees Retirement Association of Colorado increased its holdings in Apple Hospitality REIT by 67.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 4,468 shares in the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in Apple Hospitality REIT in the fourth quarter worth approximately $218,000. Institutional investors and hedge funds own 56.86% of the company’s stock.
About Apple Hospitality REIT
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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