Apple Hospitality REIT (NYSE:APLE) Insider Buys $92,600.00 in Stock

Apple Hospitality REIT (NYSE:APLE) insider Glade M. Knight purchased 5,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was bought at an average price of $18.52 per share, for a total transaction of $92,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Apple Hospitality REIT traded up $0.04, reaching $19.01, during midday trading on Thursday, MarketBeat reports. The stock had a trading volume of 3,183 shares, compared to its average volume of 1,177,357. Apple Hospitality REIT has a 12-month low of $16.72 and a 12-month high of $20.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21). Apple Hospitality REIT had a net margin of 15.30% and a return on equity of 5.38%. The firm had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $299.89 million. During the same quarter last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. analysts expect that Apple Hospitality REIT will post 1.75 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 18th. Shareholders of record on Monday, June 4th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date is Friday, June 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 68.97%.

A number of brokerages have recently issued reports on APLE. B. Riley set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “hold” rating in a research report on Tuesday, May 8th. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, May 18th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, May 8th. Barclays began coverage on shares of Apple Hospitality REIT in a research report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 target price on the stock. Finally, Robert W. Baird set a $20.00 price objective on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research report on Monday, February 26th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.00.

A number of institutional investors have recently added to or reduced their stakes in APLE. Nisa Investment Advisors LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth $393,000. Schwab Charles Investment Management Inc. raised its stake in shares of Apple Hospitality REIT by 7.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,327,873 shares of the real estate investment trust’s stock worth $45,650,000 after buying an additional 160,746 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth $298,000. State of Alaska Department of Revenue raised its stake in shares of Apple Hospitality REIT by 11.3% during the 4th quarter. State of Alaska Department of Revenue now owns 128,040 shares of the real estate investment trust’s stock worth $2,509,000 after buying an additional 12,970 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of Apple Hospitality REIT by 3.4% during the 4th quarter. Strs Ohio now owns 273,327 shares of the real estate investment trust’s stock worth $5,359,000 after buying an additional 9,110 shares during the last quarter. 55.83% of the stock is owned by institutional investors.

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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.

Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

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