229,012 Shares in Apple Hospitality REIT, Inc. $APLE Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Apple Hospitality REIT, Inc. (NYSE:APLE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 229,012 shares of the real estate investment trust’s stock, valued at approximately $3,701,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APLE. Illinois Municipal Retirement Fund increased its stake in shares of Apple Hospitality REIT by 7.4% in the third quarter. Illinois Municipal Retirement Fund now owns 115,481 shares of the real estate investment trust’s stock worth $1,866,000 after acquiring an additional 7,968 shares during the last quarter. Moneco Advisors LLC acquired a new stake in Apple Hospitality REIT in the third quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC boosted its holdings in Apple Hospitality REIT by 4.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,575 shares of the real estate investment trust’s stock worth $844,000 after purchasing an additional 2,100 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Apple Hospitality REIT by 47.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 110,086 shares of the real estate investment trust’s stock valued at $1,779,000 after acquiring an additional 35,566 shares during the last quarter. Finally, BOKF NA grew its holdings in Apple Hospitality REIT by 3.6% during the third quarter. BOKF NA now owns 20,073 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 690 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday. Bank of America raised their target price on Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Ladenburg Thalmann & Co. Inc. lifted their price target on shares of Apple Hospitality REIT from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Cantor Fitzgerald boosted their price target on shares of Apple Hospitality REIT from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Zacks Research lowered Apple Hospitality REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $18.19.

Apple Hospitality REIT Price Performance

Shares of APLE stock opened at $19.48 on Friday. The firm’s 50 day moving average is $17.02 and its 200-day moving average is $14.95. Apple Hospitality REIT, Inc. has a 1 year low of $11.31 and a 1 year high of $20.25. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.09 and a beta of 0.93.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $398.33 million during the quarter, compared to analysts’ expectations of $384.64 million. Apple Hospitality REIT had a return on equity of 5.88% and a net margin of 12.62%. Sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.63 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.9%. Apple Hospitality REIT’s dividend payout ratio is 121.52%.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc. is a real estate investment trust that owns a portfolio of hotels in the United States. Its properties primarily serve business and leisure travelers and operate in the upscale segment, including select-service and extended-stay formats. The company’s hotels are affiliated with well-known hospitality brands, including Marriott, Hilton and Hyatt. Apple Hospitality REIT owns the real estate and works with hotel operators to manage day-to-day operations. Formed in 2007, the company is headquartered in Richmond, Virginia.