Two Sigma Advisers LP lifted its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 264.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,800 shares of the real estate investment trust’s stock after buying an additional 40,500 shares during the period. Two Sigma Advisers LP’s holdings in Apple Hospitality REIT were worth $796,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Crestline Management LP increased its stake in Apple Hospitality REIT by 42.7% in the 4th quarter. Crestline Management LP now owns 343,402 shares of the real estate investment trust’s stock worth $4,897,000 after purchasing an additional 102,702 shares during the period. Brinker Capital Inc. purchased a new position in Apple Hospitality REIT in the 4th quarter worth approximately $266,000. Barclays PLC increased its stake in Apple Hospitality REIT by 44.7% in the 4th quarter. Barclays PLC now owns 435,567 shares of the real estate investment trust’s stock worth $6,212,000 after purchasing an additional 134,599 shares during the period. Lido Advisors LLC increased its stake in Apple Hospitality REIT by 7.8% in the 4th quarter. Lido Advisors LLC now owns 27,518 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 2,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in Apple Hospitality REIT by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,552,907 shares of the real estate investment trust’s stock worth $50,663,000 after purchasing an additional 70,176 shares during the period. 57.30% of the stock is currently owned by institutional investors.
Shares of APLE stock opened at $16.47 on Wednesday. The company has a market capitalization of $3.69 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. Apple Hospitality REIT Inc has a fifty-two week low of $13.81 and a fifty-two week high of $19.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27.
The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.29%. Apple Hospitality REIT’s dividend payout ratio is currently 69.77%.
In other Apple Hospitality REIT news, Director Daryl Arthur Nickel acquired 24,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average cost of $16.44 per share, for a total transaction of $394,560.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was acquired at an average price of $16.54 per share, for a total transaction of $82,700.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 30,000 shares of company stock worth $493,640. Corporate insiders own 6.30% of the company’s stock.
APLE has been the topic of a number of analyst reports. TheStreet cut Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research note on Thursday, January 3rd. ValuEngine cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Barclays reaffirmed a “hold” rating and issued a $18.00 price target on shares of Apple Hospitality REIT in a research note on Sunday, February 10th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, B. Riley reaffirmed a “buy” rating on shares of Apple Hospitality REIT in a research note on Tuesday, February 26th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.67.
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.
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