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.
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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