Apple Hospitality REIT, Inc. (NYSE:APLE – Get Free Report) Chairman Glade Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $13.96 per share, for a total transaction of $69,800.00. Following the completion of the purchase, the chairman owned 747,191 shares in the company, valued at approximately $10,430,786.36. The trade was a 0.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Apple Hospitality REIT Trading Up 1.6%
NYSE:APLE opened at $14.02 on Friday. The firm’s fifty day moving average is $12.52 and its 200-day moving average is $12.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. Apple Hospitality REIT, Inc. has a 52 week low of $10.85 and a 52 week high of $14.19. The firm has a market cap of $3.31 billion, a P/E ratio of 19.20, a P/E/G ratio of 8.24 and a beta of 0.88.
Apple Hospitality REIT (NYSE:APLE – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Apple Hospitality REIT had a net margin of 12.08% and a return on equity of 5.43%. The company had revenue of $337.74 million for the quarter, compared to analyst estimates of $327.81 million. Equities analysts expect that Apple Hospitality REIT, Inc. will post 1.55 earnings per share for the current year.
Apple Hospitality REIT Announces Dividend
Analysts Set New Price Targets
Several research analysts recently issued reports on APLE shares. Barclays cut their target price on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a report on Wednesday, April 22nd. Wells Fargo & Company reduced their price target on shares of Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, March 24th. Cantor Fitzgerald raised 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. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Apple Hospitality REIT in a report on Thursday, March 26th. They issued a “neutral” rating and a $13.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.93.
Get Our Latest Analysis on APLE
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Apple Hospitality REIT in the first quarter valued at $3,126,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Apple Hospitality REIT by 36.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 329,551 shares of the real estate investment trust’s stock valued at $3,793,000 after purchasing an additional 88,026 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Apple Hospitality REIT by 21.5% in the first quarter. Sei Investments Co. now owns 319,178 shares of the real estate investment trust’s stock valued at $3,674,000 after purchasing an additional 56,493 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Apple Hospitality REIT by 3.0% in the first quarter. Cetera Investment Advisers now owns 54,066 shares of the real estate investment trust’s stock valued at $622,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Apple Hospitality REIT by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,254,332 shares of the real estate investment trust’s stock valued at $37,458,000 after purchasing an additional 56,555 shares during the last quarter. 89.66% of the stock is owned by institutional investors.
Apple Hospitality REIT Company Profile
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.
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