Signature Estate & Investment Advisors LLC cut its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,053 shares of the real estate investment trust’s stock after selling 7,096 shares during the period. Signature Estate & Investment Advisors LLC owned approximately 0.08% of Apple Hospitality REIT worth $3,348,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in APLE. Dimensional Fund Advisors LP grew its holdings in Apple Hospitality REIT by 155.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,540,891 shares of the real estate investment trust’s stock worth $48,531,000 after acquiring an additional 1,547,960 shares during the period. BlackRock Inc. grew its holdings in Apple Hospitality REIT by 10.7% during the second quarter. BlackRock Inc. now owns 13,276,704 shares of the real estate investment trust’s stock worth $248,408,000 after acquiring an additional 1,282,080 shares during the period. Daiwa Securities Group Inc. boosted its position in Apple Hospitality REIT by 5,789.6% during the third quarter. Daiwa Securities Group Inc. now owns 830,431 shares of the real estate investment trust’s stock worth $15,704,000 after purchasing an additional 816,331 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Apple Hospitality REIT during the second quarter worth approximately $10,925,000. Finally, Monarch Partners Asset Management LLC purchased a new position in Apple Hospitality REIT during the second quarter worth approximately $5,870,000. 49.78% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. B. Riley reiterated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. BidaskClub upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday. Canaccord Genuity restated a “hold” rating and issued a $19.00 target price (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Robert W. Baird set a $20.00 target price on Apple Hospitality REIT and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.67.
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In other news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, with a total value of $95,900.00. Following the completion of the purchase, the insider now owns 10,046,357 shares of the company’s stock, valued at approximately $192,689,127.26. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Redd Hugh acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $17.96 per share, with a total value of $35,920.00. Following the completion of the purchase, the director now directly owns 59,495 shares of the company’s stock, valued at approximately $1,068,530.20. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 12,000 shares of company stock valued at $220,970. 6.30% of the stock is owned by insiders.
Apple Hospitality REIT, Inc. (NYSE:APLE) traded down $0.01 during mid-day trading on Tuesday, reaching $19.23. The company’s stock had a trading volume of 350,406 shares, compared to its average volume of 1,033,364. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $4,280.00 and a PE ratio of 10.93. Apple Hospitality REIT, Inc. has a one year low of $17.49 and a one year high of $20.68.
Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. analysts predict that Apple Hospitality REIT, Inc. will post 1.73 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.20 annualized dividend and a yield of 6.24%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 118.81%.
Apple Hospitality REIT Profile
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.
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