SG Americas Securities LLC raised its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,372 shares of the real estate investment trust’s stock after acquiring an additional 5,477 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $1,008,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Greenwood Capital Associates LLC acquired a new position in shares of Apple Hospitality REIT during the second quarter worth $256,000. Strs Ohio increased its holdings in shares of Apple Hospitality REIT by 13.8% during the second quarter. Strs Ohio now owns 348,192 shares of the real estate investment trust’s stock worth $6,225,000 after buying an additional 42,237 shares in the last quarter. Mackay Shields LLC increased its holdings in shares of Apple Hospitality REIT by 1.8% during the second quarter. Mackay Shields LLC now owns 499,107 shares of the real estate investment trust’s stock worth $8,924,000 after buying an additional 8,821 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Apple Hospitality REIT by 193.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,255 shares of the real estate investment trust’s stock worth $1,059,000 after buying an additional 39,094 shares in the last quarter. Finally, Dean Capital Investments Management LLC acquired a new position in shares of Apple Hospitality REIT during the second quarter worth $544,000. Institutional investors and hedge funds own 56.54% of the company’s stock.
Shares of Apple Hospitality REIT stock opened at $17.53 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.14. Apple Hospitality REIT Inc has a twelve month low of $16.72 and a twelve month high of $20.19. The firm has a market capitalization of $4.06 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). Apple Hospitality REIT had a return on equity of 4.80% and a net margin of 13.55%. The business had revenue of $344.70 million during the quarter, compared to the consensus estimate of $347.27 million. During the same period in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. sell-side analysts predict that Apple Hospitality REIT Inc will post 1.73 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 17th. Investors of record on Tuesday, September 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.85%. Apple Hospitality REIT’s dividend payout ratio is 68.97%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. B. Riley upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, August 8th. ValuEngine cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, May 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.25.
In other news, insider Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were acquired at an average price of $17.33 per share, with a total value of $86,650.00. Following the completion of the transaction, the insider now owns 10,098,533 shares of the company’s stock, valued at approximately $175,007,576.89. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin G. Knight purchased 6,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $17.65 per share, for a total transaction of $105,900.00. Following the transaction, the insider now directly owns 1,109,681 shares of the company’s stock, valued at approximately $19,585,869.65. The disclosure for this purchase can be found here. In the last three months, insiders purchased 34,189 shares of company stock worth $598,010. 6.30% of the stock is currently owned by insiders.
Apple Hospitality REIT Company Profile
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 30,700 guest rooms located in 88 markets throughout 34 states.
See Also: Dividend
Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT Inc (NYSE:APLE).
Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.