Apple Hospitality REIT Inc (APLE) Director Redd Hugh Acquires 10,000 Shares

Apple Hospitality REIT Inc (NYSE:APLE) Director Redd Hugh acquired 10,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was bought at an average cost of $19.11 per share, with a total value of $191,100.00. Following the completion of the purchase, the director now owns 49,425 shares of the company’s stock, valued at $944,511.75. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Apple Hospitality REIT Inc (NYSE:APLE) traded down 0.42% during mid-day trading on Monday, hitting $18.98. The stock had a trading volume of 516,794 shares. The stock’s 50-day moving average price is $19.74 and its 200-day moving average price is $19.10. The firm has a market cap of $4.23 billion, a PE ratio of 25.04 and a beta of 0.67. Apple Hospitality REIT Inc has a 52-week low of $17.32 and a 52-week high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.18. The business had revenue of $282.43 million for the quarter, compared to analysts’ expectations of $269.59 million. Apple Hospitality REIT had a return on equity of 2.98% and a net margin of 8.78%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts anticipate that Apple Hospitality REIT Inc will post $0.96 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Friday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.20 annualized dividend and a yield of 6.30%. Apple Hospitality REIT’s payout ratio is 250.01%.

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Several brokerages have recently commented on APLE. Canaccord Genuity downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $21.00 in a research note on Friday, March 3rd. FBR & Co reissued a “market perform” rating and issued a $20.00 price objective on shares of Apple Hospitality REIT in a research note on Tuesday, February 28th. Zacks Investment Research downgraded Apple Hospitality REIT from a “buy” rating to a “sell” rating in a research note on Tuesday, February 14th. Finally, Robert W. Baird raised Apple Hospitality REIT from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $20.00 in a research note on Tuesday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $19.40.

Hedge funds have recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in Apple Hospitality REIT by 68.1% in the third quarter. Aperio Group LLC now owns 52,723 shares of the company’s stock valued at $976,000 after buying an additional 21,368 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in Apple Hospitality REIT by 29.1% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 38,847 shares of the company’s stock valued at $719,000 after buying an additional 8,762 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Apple Hospitality REIT by 48.4% in the third quarter. Wells Fargo & Company MN now owns 66,431 shares of the company’s stock valued at $1,229,000 after buying an additional 21,654 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in Apple Hospitality REIT by 18.5% in the third quarter. Virginia Retirement Systems ET AL now owns 189,100 shares of the company’s stock valued at $3,500,000 after buying an additional 29,500 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its stake in Apple Hospitality REIT by 20.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 9,308,009 shares of the company’s stock valued at $172,291,000 after buying an additional 1,605,432 shares during the last quarter. 41.75% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company has REIT subsidiaries, which lease all of its hotels from qualified REIT subsidiaries.

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