Sei Investments Co. Buys 56,493 Shares of Apple Hospitality REIT, Inc. $APLE

Sei Investments Co. lifted its stake in Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,178 shares of the real estate investment trust’s stock after buying an additional 56,493 shares during the period. Sei Investments Co. owned about 0.14% of Apple Hospitality REIT worth $3,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of APLE. Royal Bank of Canada raised its stake in Apple Hospitality REIT by 2.8% during the first quarter. Royal Bank of Canada now owns 170,862 shares of the real estate investment trust’s stock worth $2,205,000 after acquiring an additional 4,712 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Apple Hospitality REIT by 114.3% in the 1st quarter. AQR Capital Management LLC now owns 136,046 shares of the real estate investment trust’s stock worth $1,732,000 after purchasing an additional 72,553 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Apple Hospitality REIT by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 137,557 shares of the real estate investment trust’s stock worth $1,776,000 after purchasing an additional 6,788 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Apple Hospitality REIT by 295.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,814 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Apple Hospitality REIT by 10,235.7% during the 1st quarter. Jones Financial Companies Lllp now owns 21,705 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 21,495 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Down 3.0%

Shares of NYSE:APLE opened at $16.05 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.79 billion, a P/E ratio of 21.69, a P/E/G ratio of 3.24 and a beta of 0.88. Apple Hospitality REIT, Inc. has a 12 month low of $10.85 and a 12 month high of $17.28. The company’s 50-day moving average price is $16.37 and its two-hundred day moving average price is $13.93.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. The company had revenue of $402.55 million during the quarter, compared to the consensus estimate of $391.88 million. As a group, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, July 31st. Apple Hospitality REIT’s payout ratio is 131.51%.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $13.96 per share, with a total value of $69,800.00. Following the acquisition, the chairman owned 747,191 shares in the company, valued at $10,430,786.36. This represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.90% of the company’s stock.

Wall Street Analyst Weigh In

APLE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Apple Hospitality REIT from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Barclays reaffirmed an “equal weight” rating and set a $17.00 price objective (up from $16.00) on shares of Apple Hospitality REIT in a report on Tuesday, July 21st. BMO Capital Markets lifted their target price on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, June 12th. Weiss Ratings raised Apple Hospitality REIT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded Apple Hospitality REIT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus target price of $16.00.

View Our Latest Stock Analysis on Apple Hospitality REIT

Apple Hospitality REIT Profile

(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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