Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) Director Redd Hugh purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average cost of $14.73 per share, with a total value of $14,730.00. Following the completion of the purchase, the director now owns 125,223 shares of the company's stock, valued at $1,844,534.79. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Apple Hospitality REIT Stock Up 1.2 %
Shares of NYSE:APLE opened at $14.79 on Tuesday. The company has a market capitalization of $3.58 billion, a PE ratio of 17.20 and a beta of 1.10. Apple Hospitality REIT, Inc. has a 52 week low of $14.22 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $16.17.
Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The company had revenue of $329.51 million during the quarter, compared to analyst estimates of $324.68 million. Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. During the same quarter last year, the company earned $0.34 EPS. Analysts forecast that Apple Hospitality REIT, Inc. will post 1.64 earnings per share for the current year.
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The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.49%. The ex-dividend date was Monday, April 29th. Apple Hospitality REIT's payout ratio is 111.63%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of "Hold" and an average price target of $18.40.
View Our Latest Analysis on Apple Hospitality REIT
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in Apple Hospitality REIT during the fourth quarter worth $26,000. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new stake in Apple Hospitality REIT in the first quarter valued at $37,000. GAMMA Investing LLC acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at $41,000. Finally, Fortis Group Advisors LLC lifted its stake in Apple Hospitality REIT by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 1,493 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.
About Apple Hospitality REIT
(
Get Free Report)
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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.
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