Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) Director Redd Hugh purchased 1,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $14.10 per share, for a total transaction of $14,100.00. Following the completion of the acquisition, the director now owns 126,223 shares of the company's stock, valued at $1,779,744.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Apple Hospitality REIT Price Performance
Shares of NYSE APLE opened at $14.51 on Friday. The business's 50 day moving average price is $14.45 and its two-hundred day moving average price is $15.14. The company has a market cap of $3.52 billion, a PE ratio of 16.87 and a beta of 1.11. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $17.90.
Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.13). The business had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. During the same period last year, the firm earned $0.49 EPS. On average, analysts predict that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current year.
Apple Hospitality REIT Dividend Announcement
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The company also recently announced a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Friday, August 30th. Apple Hospitality REIT's payout ratio is 111.63%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Oppenheimer cut their price target on Apple Hospitality REIT from $19.00 to $17.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Wedbush began coverage on Apple Hospitality REIT in a report on Monday, June 3rd. They set a "neutral" rating and a $15.00 target price on the stock. Finally, StockNews.com upgraded Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.00.
Check Out Our Latest Stock Report on Apple Hospitality REIT
Hedge Funds Weigh In On Apple Hospitality REIT
Several institutional investors and hedge funds have recently made changes to their positions in APLE. Cerity Partners LLC grew its position in shares of Apple Hospitality REIT by 24.9% in the fourth quarter. Cerity Partners LLC now owns 12,588 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 2,510 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Apple Hospitality REIT by 14.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,103 shares of the real estate investment trust's stock worth $616,000 after buying an additional 4,694 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Apple Hospitality REIT during the fourth quarter worth approximately $2,081,000. GAMMA Investing LLC acquired a new stake in Apple Hospitality REIT during the fourth quarter worth approximately $41,000. Finally, Wolverine Asset Management LLC acquired a new stake in Apple Hospitality REIT during the fourth quarter worth approximately $1,994,000. Institutional investors and hedge funds own 89.66% of the company's stock.
Apple Hospitality REIT Company Profile
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Get Free Report)
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.
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