Apple Hospitality REIT, Inc. $APLE Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 19.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 218,500 shares of the real estate investment trust’s stock after selling 54,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Apple Hospitality REIT were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of APLE. UBS Group AG increased its holdings in Apple Hospitality REIT by 60.8% in the 4th quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock worth $55,950,000 after buying an additional 1,786,018 shares during the period. Millennium Management LLC increased its holdings in Apple Hospitality REIT by 763.8% in the 3rd quarter. Millennium Management LLC now owns 648,487 shares of the real estate investment trust’s stock worth $7,788,000 after buying an additional 573,410 shares during the period. Bank of America Corp DE increased its holdings in Apple Hospitality REIT by 42.6% in the 2nd quarter. Bank of America Corp DE now owns 1,904,629 shares of the real estate investment trust’s stock worth $22,227,000 after buying an additional 569,109 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Apple Hospitality REIT by 31.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,772,663 shares of the real estate investment trust’s stock worth $21,290,000 after buying an additional 421,876 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Apple Hospitality REIT by 300.9% in the 2nd quarter. AQR Capital Management LLC now owns 545,365 shares of the real estate investment trust’s stock worth $6,364,000 after buying an additional 409,319 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $13.96 per share, for a total transaction of $69,800.00. Following the transaction, the chairman directly owned 747,191 shares of the company’s stock, valued at approximately $10,430,786.36. This represents a 0.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.90% of the stock is owned by company insiders.

Analyst Ratings Changes

APLE has been the topic of several research reports. Cantor Fitzgerald increased their price target on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday. LADENBURG THALM/SH SH assumed coverage on Apple Hospitality REIT in a research report on Thursday, March 26th. They issued a “neutral” rating and a $13.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Wednesday, April 22nd. Barclays lowered their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 24th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $12.93.

View Our Latest Stock Analysis on Apple Hospitality REIT

Apple Hospitality REIT Trading Up 1.6%

Apple Hospitality REIT stock opened at $14.02 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Apple Hospitality REIT, Inc. has a 12 month low of $10.85 and a 12 month high of $14.19. The stock’s 50 day simple moving average is $12.52 and its two-hundred day simple moving average is $12.17. The firm has a market cap of $3.31 billion, a PE ratio of 19.20, a P/E/G ratio of 8.24 and a beta of 0.88.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Apple Hospitality REIT had a return on equity of 5.43% and a net margin of 12.08%.The business had revenue of $337.74 million for the quarter, compared to analyst estimates of $327.81 million. Analysts anticipate that Apple Hospitality REIT, Inc. will post 1.55 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 131.51%.

About Apple Hospitality REIT

(Free Report)

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.

Further Reading

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

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