Apple Hospitality REIT Inc (NYSE:APLE) Director Redd Hugh purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was purchased at an average price of $16.89 per share, with a total value of $84,450.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Redd Hugh also recently made the following trade(s):
- On Tuesday, March 6th, Redd Hugh purchased 5,000 shares of Apple Hospitality REIT stock. The stock was purchased at an average price of $16.91 per share, with a total value of $84,550.00.
Apple Hospitality REIT Inc (NYSE:APLE) traded up $0.01 during trading on Wednesday, reaching $17.39. The company had a trading volume of 1,016,959 shares, compared to its average volume of 1,760,000. The stock has a market cap of $3,880.00 and a PE ratio of 21.21. Apple Hospitality REIT Inc has a 1 year low of $16.72 and a 1 year high of $20.19. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $289.07 million during the quarter, compared to analysts’ expectations of $288.75 million. Apple Hospitality REIT had a return on equity of 5.19% and a net margin of 14.73%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. equities research analysts predict that Apple Hospitality REIT Inc will post 1.74 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 1st. Apple Hospitality REIT’s dividend payout ratio is presently 146.34%.
A number of institutional investors have recently bought and sold shares of APLE. Ameriprise Financial Inc. increased its position in Apple Hospitality REIT by 262.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,192 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 29,089 shares in the last quarter. Royal Bank of Canada boosted its stake in Apple Hospitality REIT by 153.4% in the 2nd quarter. Royal Bank of Canada now owns 35,565 shares of the real estate investment trust’s stock worth $666,000 after buying an additional 21,532 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Apple Hospitality REIT by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares during the last quarter. APG Asset Management N.V. acquired a new stake in Apple Hospitality REIT in the 3rd quarter worth about $5,631,000. Finally, Aperio Group LLC boosted its stake in Apple Hospitality REIT by 96.2% in the 3rd quarter. Aperio Group LLC now owns 122,876 shares of the real estate investment trust’s stock worth $2,324,000 after buying an additional 60,234 shares during the last quarter. Hedge funds and other institutional investors own 54.51% of the company’s stock.
A number of research analysts have recently weighed in on APLE shares. TheStreet cut Apple Hospitality REIT from a “b” rating to a “c” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Robert W. Baird restated a “buy” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a research report on Friday, January 12th. KeyCorp started coverage on Apple Hospitality REIT in a research report on Friday, January 12th. They issued a “sector weight” rating for the company. Finally, Barclays started coverage on Apple Hospitality REIT in a research report on Wednesday, January 31st. They issued an “equal weight” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.20.
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Apple Hospitality REIT Company 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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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