Glade M. Knight Acquires 5,000 Shares of Apple Hospitality REIT (APLE) Stock

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.

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

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