Apple Hospitality REIT Inc (NYSE:APLE) insider Glade M. Knight acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average cost of $17.16 per share, for a total transaction of $171,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Apple Hospitality REIT Inc (APLE) opened at $17.38 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. Apple Hospitality REIT Inc has a 1-year low of $16.72 and a 1-year high of $20.19. The stock has a market cap of $4,000.95, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.72.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Apple Hospitality REIT had a net margin of 14.73% and a return on equity of 5.19%. The business had revenue of $289.07 million for the quarter, compared to analyst estimates of $288.75 million. During the same period in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts anticipate that Apple Hospitality REIT Inc will post 1.74 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Apple Hospitality REIT by 132.3% in the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 3,120 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Apple Hospitality REIT by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 494 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Apple Hospitality REIT in the fourth quarter worth $213,000. Public Employees Retirement Association of Colorado grew its holdings in Apple Hospitality REIT by 67.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 4,468 shares during the last quarter. Finally, Evermay Wealth Management LLC purchased a new position in Apple Hospitality REIT in the fourth quarter worth $218,000. 54.51% of the stock is currently owned by institutional investors and hedge funds.
APLE has been the topic of several research reports. TheStreet lowered shares of Apple Hospitality REIT from a “b” rating to a “c” rating in a report on Thursday, February 8th. Barclays initiated coverage on shares of Apple Hospitality REIT in a report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 price objective on the stock. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. B. Riley set a $20.00 price objective on shares of Apple Hospitality REIT and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, Robert W. Baird set a $20.00 price objective on shares of Apple Hospitality REIT and gave the company a “buy” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.20.
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About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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