Apple Hospitality REIT, Inc. $APLE Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 22.2% during the third quarter, Holdings Channel reports. The firm owned 359,649 shares of the real estate investment trust’s stock after acquiring an additional 65,438 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Apple Hospitality REIT were worth $4,319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LSV Asset Management raised its position in Apple Hospitality REIT by 8.8% during the 2nd quarter. LSV Asset Management now owns 2,741,253 shares of the real estate investment trust’s stock worth $31,990,000 after buying an additional 221,976 shares during the last quarter. Systematic Financial Management LP lifted its position in Apple Hospitality REIT by 3.5% during the second quarter. Systematic Financial Management LP now owns 2,255,552 shares of the real estate investment trust’s stock valued at $26,322,000 after purchasing an additional 75,638 shares during the period. Bank of America Corp DE boosted its holdings in Apple Hospitality REIT by 42.6% in the second quarter. Bank of America Corp DE now owns 1,904,629 shares of the real estate investment trust’s stock valued at $22,227,000 after purchasing an additional 569,109 shares during the last quarter. Centerbridge Partners L.P. acquired a new stake in Apple Hospitality REIT during the 2nd quarter worth about $22,147,000. Finally, Ameriprise Financial Inc. grew its holdings in Apple Hospitality REIT by 26.7% during the second quarter. Ameriprise Financial Inc. now owns 1,781,420 shares of the real estate investment trust’s stock worth $20,789,000 after acquiring an additional 374,979 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of $11.91 per share, with a total value of $59,550.00. Following the purchase, the chairman directly owned 710,344 shares in the company, valued at approximately $8,460,197.04. This trade represents a 0.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 8,000 shares of company stock valued at $95,180 in the last quarter. 7.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APLE. Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Tuesday, November 4th. Robert W. Baird cut their price objective on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Cantor Fitzgerald initiated coverage on Apple Hospitality REIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Friday, December 26th. Finally, Wells Fargo & Company raised Apple Hospitality REIT to a “hold” rating in a research note on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.92.

Apple Hospitality REIT Stock Down 2.7%

APLE stock opened at $11.89 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $12.04 and a two-hundred day moving average of $12.08. Apple Hospitality REIT, Inc. has a 12 month low of $10.44 and a 12 month high of $16.01. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 16.28 and a beta of 0.85.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $373.88 million during the quarter, compared to analyst estimates of $371.94 million. Apple Hospitality REIT had a return on equity of 5.46% and a net margin of 12.37%. As a group, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 8.1%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 131.51%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.