Two Sigma Investments LP Invests $1.03 Million in Apple Hospitality REIT (APLE) Stock

Two Sigma Investments LP bought a new position in Apple Hospitality REIT (NYSE:APLE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 52,700 shares of the real estate investment trust’s stock, valued at approximately $1,033,000.

Several other large investors have also added to or reduced their stakes in APLE. PGGM Investments purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter worth about $70,988,000. American Century Companies Inc. grew its position in shares of Apple Hospitality REIT by 342.0% in the 4th quarter. American Century Companies Inc. now owns 1,271,120 shares of the real estate investment trust’s stock worth $24,927,000 after buying an additional 983,516 shares during the period. APG Asset Management N.V. grew its position in shares of Apple Hospitality REIT by 283.1% in the 4th quarter. APG Asset Management N.V. now owns 1,140,900 shares of the real estate investment trust’s stock worth $18,632,000 after buying an additional 843,100 shares during the period. BlackRock Inc. grew its position in shares of Apple Hospitality REIT by 4.6% in the 4th quarter. BlackRock Inc. now owns 15,059,145 shares of the real estate investment trust’s stock worth $295,311,000 after buying an additional 656,597 shares during the period. Finally, First Quadrant L P CA purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter worth about $12,496,000. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of APLE stock opened at $17.51 on Monday. Apple Hospitality REIT has a one year low of $16.72 and a one year high of $20.19. The stock has a market cap of $4,030.88, a P/E ratio of 10.06, a PEG ratio of 2.00 and a beta of 0.64. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 company had revenue of $289.07 million for the quarter, compared to the consensus estimate of $288.75 million. During the same period in the prior year, the firm posted $0.37 EPS. Apple Hospitality REIT’s revenue for the quarter was up 2.4% on a year-over-year basis. analysts forecast that Apple Hospitality REIT will post 1.75 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 3rd will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.85%. The ex-dividend date is Monday, April 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is 68.97%.

A number of analysts have recently weighed in on APLE shares. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, January 12th. Robert W. Baird reissued a “buy” rating and set a $21.00 price objective on shares of Apple Hospitality REIT in a research report on Friday, January 12th. TheStreet downgraded shares of Apple Hospitality REIT from a “b” rating to a “c” rating in a research report on Thursday, February 8th. Barclays initiated coverage on shares of Apple Hospitality REIT in a research report on Wednesday, January 31st. They set an “equal weight” rating and a $21.00 price objective on the stock. Finally, ValuEngine downgraded shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $20.20.

In related news, insider Justin G. Knight purchased 2,800 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average price of $17.38 per share, with a total value of $48,664.00. Following the acquisition, the insider now directly owns 1,109,681 shares in the company, valued at approximately $19,286,255.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Redd Hugh purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $16.89 per share, for a total transaction of $84,450.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 33,504 shares of company stock worth $573,262 over the last three months. 6.30% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Two Sigma Investments LP Invests $1.03 Million in Apple Hospitality REIT (APLE) Stock” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3343324/two-sigma-investments-lp-invests-1-03-million-in-apple-hospitality-reit-aple-stock.html.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Badger Daylighting Ltd  Plans Dividend Increase – $0.05 Per Share
Badger Daylighting Ltd Plans Dividend Increase – $0.05 Per Share
Granite Real Estate  Announces Monthly Dividend of $0.23
Granite Real Estate Announces Monthly Dividend of $0.23
Citizens & Northern Corp  Plans Dividend of $0.27
Citizens & Northern Corp Plans Dividend of $0.27
Brokerages Set Big Yellow Group  PT at $895.00
Brokerages Set Big Yellow Group PT at $895.00
Ambarella  Receives $60.83 Average Price Target from Analysts
Ambarella Receives $60.83 Average Price Target from Analysts
Analysts Set State Bank Financial  PT at $34.00
Analysts Set State Bank Financial PT at $34.00


Leave a Reply

© 2006-2018 Ticker Report. Google+.