Apple Hospitality REIT Inc (NYSE:APLE) Insider Acquires $76,950.00 in Stock

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Apple Hospitality REIT Inc (NYSE:APLE) insider Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $15.39 per share, with a total value of $76,950.00. Following the completion of the acquisition, the insider now owns 10,133,812 shares in the company, valued at approximately $155,959,366.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

APLE opened at $15.47 on Friday. The business has a 50 day moving average price of $15.60 and a 200 day moving average price of $16.09. Apple Hospitality REIT Inc has a twelve month low of $13.81 and a twelve month high of $17.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $3.53 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.91 and a beta of 0.82.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Apple Hospitality REIT had a return on equity of 5.75% and a net margin of 15.44%. The firm had revenue of $341.12 million during the quarter, compared to analyst estimates of $340.44 million. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts anticipate that Apple Hospitality REIT Inc will post 1.65 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, August 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 7.76%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 69.77%.

Several equities research analysts recently weighed in on the company. Capital One Financial assumed coverage on Apple Hospitality REIT in a report on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 target price for the company. Zacks Investment Research lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Barclays upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.25.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new stake in shares of Apple Hospitality REIT during the first quarter valued at approximately $37,000. Point72 Hong Kong Ltd increased its position in shares of Apple Hospitality REIT by 159.6% during the second quarter. Point72 Hong Kong Ltd now owns 2,355 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,448 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Apple Hospitality REIT by 113.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,267 shares during the period. AGF Investments LLC increased its position in shares of Apple Hospitality REIT by 72.9% during the second quarter. AGF Investments LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,042 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Apple Hospitality REIT by 353.3% during the first quarter. Quadrant Capital Group LLC now owns 3,400 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,650 shares during the period. Hedge funds and other institutional investors own 56.90% of the company’s stock.

About Apple Hospitality REIT

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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

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