Apple Hospitality REIT Inc (APLE) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. lessened its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573,724 shares of the real estate investment trust’s stock after selling 10,203 shares during the quarter. Uniplan Investment Counsel Inc. owned 0.26% of Apple Hospitality REIT worth $10,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its position in shares of Apple Hospitality REIT by 10.7% during the second quarter. BlackRock Inc. now owns 13,276,704 shares of the real estate investment trust’s stock worth $248,408,000 after acquiring an additional 1,282,080 shares during the last quarter. State Street Corp increased its position in shares of Apple Hospitality REIT by 4.8% during the second quarter. State Street Corp now owns 5,687,869 shares of the real estate investment trust’s stock worth $106,419,000 after acquiring an additional 261,327 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Apple Hospitality REIT by 2.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,941,920 shares of the real estate investment trust’s stock worth $55,632,000 after acquiring an additional 59,310 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Apple Hospitality REIT by 1.9% during the third quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the real estate investment trust’s stock worth $44,741,000 after acquiring an additional 43,430 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Apple Hospitality REIT by 36.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,167,127 shares of the real estate investment trust’s stock worth $40,981,000 after acquiring an additional 582,794 shares during the last quarter. Institutional investors own 50.91% of the company’s stock.

APLE has been the subject of several research analyst reports. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a report on Wednesday, November 1st. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity reissued a “hold” rating and issued a $19.00 price objective (down from $20.00) on shares of Apple Hospitality REIT in a report on Friday, August 11th. BidaskClub lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the company a “buy” rating in a report on Sunday, October 29th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.67.

Apple Hospitality REIT Inc (APLE) opened at $19.46 on Thursday. The company has a market capitalization of $4,325.15, a P/E ratio of 11.08, a PEG ratio of 2.23 and a beta of 0.62. Apple Hospitality REIT Inc has a fifty-two week low of $17.49 and a fifty-two week high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. sell-side analysts predict that Apple Hospitality REIT Inc will post 1.74 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 1st. This represents a $1.20 annualized dividend and a dividend yield of 6.17%. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the completion of the transaction, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.

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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 October 23, 2017, the Company owned 238 hotels, with more than 30,000 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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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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