Dakota Wealth Management Has $3.92 Million Holdings in Apple Hospitality REIT, Inc. $APLE

Dakota Wealth Management lifted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 53.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,255 shares of the real estate investment trust’s stock after purchasing an additional 117,601 shares during the quarter. Dakota Wealth Management owned 0.14% of Apple Hospitality REIT worth $3,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APLE. Victory Capital Management Inc. grew its stake in Apple Hospitality REIT by 9.4% in the 1st quarter. Victory Capital Management Inc. now owns 7,401,428 shares of the real estate investment trust’s stock valued at $95,552,000 after purchasing an additional 633,688 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Apple Hospitality REIT by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,401,005 shares of the real estate investment trust’s stock worth $82,637,000 after purchasing an additional 80,591 shares in the last quarter. Nuveen LLC purchased a new stake in Apple Hospitality REIT during the 1st quarter worth about $40,841,000. LSV Asset Management raised its holdings in shares of Apple Hospitality REIT by 2.1% in the 1st quarter. LSV Asset Management now owns 2,519,277 shares of the real estate investment trust’s stock valued at $32,524,000 after acquiring an additional 52,734 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Apple Hospitality REIT by 0.8% in the 1st quarter. Systematic Financial Management LP now owns 2,179,914 shares of the real estate investment trust’s stock valued at $28,143,000 after acquiring an additional 16,456 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $12.29 per share, with a total value of $61,450.00. Following the completion of the purchase, the chairman directly owned 705,344 shares in the company, valued at $8,668,677.76. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.10% of the stock is currently owned by company insiders.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $11.99 on Friday. The business has a fifty day moving average of $12.42 and a 200 day moving average of $12.17. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $16.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.98 and a beta of 1.05.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $384.37 million during the quarter, compared to analyst estimates of $381.37 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a oct 25 dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a yield of 758.0%. Apple Hospitality REIT’s dividend payout ratio is 128.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets cut Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $14.00 to $12.00 in a report on Monday, June 9th. Wells Fargo & Company lifted their price objective on Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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 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.