Apple Hospitality REIT Inc. (NYSE:APLE) has received an average recommendation of “Hold” from the six research firms that are currently covering the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.00.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Ladenburg Thalmann reiterated a “sell” rating and issued a $13.00 price objective on shares of Apple Hospitality REIT in a research report on Sunday, September 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $20.00 price objective on shares of Apple Hospitality REIT in a research report on Thursday, September 8th.

Shares of Apple Hospitality REIT (NYSE:APLE) opened at 18.39 on Friday. Apple Hospitality REIT has a 52-week low of $16.35 and a 52-week high of $20.97. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 27.08 and a beta of 0.62. The firm has a 50 day moving average price of $18.62 and a 200-day moving average price of $19.04.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Apple Hospitality REIT had a return on equity of 4.47% and a net margin of 12.67%. The company had revenue of $257.60 million for the quarter, compared to the consensus estimate of $254.79 million. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Apple Hospitality REIT will post $1.76 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 6.53%. Apple Hospitality REIT’s payout ratio is 176.47%.

In related news, insider Glade M. Knight acquired 5,385 shares of Apple Hospitality REIT stock in a transaction dated Friday, September 9th. The shares were purchased at an average cost of $18.43 per share, with a total value of $99,245.55. Following the completion of the purchase, the insider now owns 9,996,232 shares of the company’s stock, valued at $184,230,555.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock in a transaction dated Thursday, September 8th. The shares were bought at an average cost of $18.51 per share, for a total transaction of $37,020.00. Following the completion of the purchase, the director now directly owns 25,823 shares of the company’s stock, valued at approximately $477,983.73. The disclosure for this purchase can be found here. Company insiders own 6.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in APLE. Legal & General Group Plc boosted its position in shares of Apple Hospitality REIT by 6.0% in the first quarter. Legal & General Group Plc now owns 314,058 shares of the company’s stock worth $6,222,000 after buying an additional 17,719 shares during the period. Invictus RG acquired a new stake in Apple Hospitality REIT during the first quarter valued at about $147,000. AMP Capital Investors Ltd boosted its stake in Apple Hospitality REIT by 24.2% in the first quarter. AMP Capital Investors Ltd now owns 33,050 shares of the company’s stock valued at $652,000 after buying an additional 6,450 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apple Hospitality REIT by 4.8% in the first quarter. Geode Capital Management LLC now owns 1,279,417 shares of the company’s stock valued at $25,345,000 after buying an additional 58,631 shares during the last quarter. Finally, UBS Group AG boosted its stake in Apple Hospitality REIT by 57.1% in the first quarter. UBS Group AG now owns 133,153 shares of the company’s stock valued at $2,638,000 after buying an additional 48,410 shares during the last quarter. 33.39% of the stock is currently owned by hedge funds and other institutional investors.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

5 Day Chart for NYSE:APLE

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