Apple Hospitality REIT Inc (NYSE:APLE) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.33.
A number of analysts have commented on APLE shares. B. Riley set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “buy” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. ValuEngine upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, TheStreet cut shares of Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd.
In related news, insider Bryan Peery acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $15.50 per share, with a total value of $77,500.00. Following the completion of the transaction, the insider now directly owns 335,018 shares of the company’s stock, valued at $5,192,779. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of APLE. Jane Street Group LLC bought a new position in shares of Apple Hospitality REIT in the second quarter valued at about $284,000. Bank of Montreal Can raised its position in shares of Apple Hospitality REIT by 742.3% in the third quarter. Bank of Montreal Can now owns 238,270 shares of the real estate investment trust’s stock valued at $4,168,000 after purchasing an additional 209,983 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new position in Apple Hospitality REIT during the third quarter worth about $192,000. First Hawaiian Bank bought a new position in Apple Hospitality REIT during the third quarter worth about $280,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its position in Apple Hospitality REIT by 601.4% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,471,366 shares of the real estate investment trust’s stock worth $25,734,000 after acquiring an additional 1,261,586 shares during the period. 55.07% of the stock is currently owned by institutional investors.
APLE stock traded up $0.12 during trading hours on Friday, reaching $16.82. The stock had a trading volume of 40,566 shares, compared to its average volume of 1,110,569. The stock has a market cap of $3.82 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.94 and a beta of 0.87. Apple Hospitality REIT has a fifty-two week low of $13.81 and a fifty-two week high of $19.28.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 19th. Stockholders of record on Monday, February 4th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend was Friday, February 1st. Apple Hospitality REIT’s payout ratio is presently 68.97%.
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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
See Also: Mutual Funds
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