QS Investors LLC increased its position in Apple Hospitality REIT Inc (NYSE:APLE) by 13.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,341 shares of the real estate investment trust’s stock after purchasing an additional 13,092 shares during the period. QS Investors LLC’s holdings in Apple Hospitality REIT were worth $2,105,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Apple Hospitality REIT by 4.6% in the fourth quarter. BlackRock Inc. now owns 15,059,145 shares of the real estate investment trust’s stock valued at $295,311,000 after acquiring an additional 656,597 shares during the period. Cohen & Steers Inc. boosted its stake in Apple Hospitality REIT by 7.8% in the third quarter. Cohen & Steers Inc. now owns 6,988,766 shares of the real estate investment trust’s stock valued at $132,158,000 after acquiring an additional 507,598 shares during the period. PGGM Investments acquired a new position in Apple Hospitality REIT in the fourth quarter valued at approximately $70,988,000. Dimensional Fund Advisors LP boosted its stake in Apple Hospitality REIT by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,941,920 shares of the real estate investment trust’s stock valued at $55,632,000 after acquiring an additional 59,310 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Apple Hospitality REIT by 19.0% in the fourth quarter. Geode Capital Management LLC now owns 2,369,947 shares of the real estate investment trust’s stock valued at $46,474,000 after acquiring an additional 378,259 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.
In other Apple Hospitality REIT news, Director Redd Hugh purchased 5,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were bought at an average price of $16.89 per share, with a total value of $84,450.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glade M. Knight purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $17.16 per share, for a total transaction of $171,600.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 33,504 shares of company stock worth $573,262. Corporate insiders own 6.30% of the company’s stock.
A number of brokerages have commented on APLE. Zacks Investment Research downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Barclays restated an “equal weight” rating and issued a $20.00 target price (down from $21.00) on shares of Apple Hospitality REIT in a research note on Tuesday, February 27th. Robert W. Baird set a $20.00 target price on Apple Hospitality REIT and gave the company a “buy” rating in a research note on Monday, February 26th. B. Riley set a $20.00 target price on Apple Hospitality REIT and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, TheStreet downgraded Apple Hospitality REIT from a “b” rating to a “c” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given 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 a consensus target price of $20.20.
Shares of APLE stock opened at $17.33 on Wednesday. The firm has a market capitalization of $4,033.18, a P/E ratio of 21.40, a PEG ratio of 2.01 and a beta of 0.72. 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 Inc has a twelve month low of $16.72 and a twelve month high of $20.19.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company had revenue of $289.07 million for 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. sell-side analysts forecast that Apple Hospitality REIT Inc will post 1.74 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Monday, April 16th. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, April 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.92%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 148.15%.
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About Apple Hospitality REIT
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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