Apple Hospitality REIT Inc. (NYSE:APLE) insider Glade M. Knight purchased 2,825 shares of the stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $49,578.75. Following the completion of the transaction, the insider now owns 10,001,882 shares in the company, valued at approximately $175,533,029.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Apple Hospitality REIT Inc. (NYSE:APLE) opened at 17.72 on Thursday. Apple Hospitality REIT Inc. has a 52-week low of $16.35 and a 52-week high of $20.97. The firm has a market capitalization of $3.96 billion, a P/E ratio of 37.07 and a beta of 0.63. The firm has a 50-day moving average price of $18.09 and a 200 day moving average price of $18.84.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $276.50 million for the quarter, compared to the consensus estimate of $16.75 million. Apple Hospitality REIT had a return on equity of 2.98% and a net margin of 8.78%. Apple Hospitality REIT’s revenue was up 14.9% compared to the same quarter last year. Analysts forecast that Apple Hospitality REIT Inc. will post $1.75 EPS for the current year.

Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

The business also recently declared a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Wednesday, November 2nd were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Monday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 250.01%.

Several brokerages have recently commented on APLE. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price on shares of Apple Hospitality REIT in a report on Thursday, September 8th. Ladenburg Thalmann reaffirmed a “sell” rating and set a $13.00 target price on shares of Apple Hospitality REIT in a report on Sunday, September 4th. Canaccord Genuity reissued a “buy” rating and set a $22.00 price target on shares of Apple Hospitality REIT in a research report on Monday, November 7th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Friday, November 11th. Finally, FBR & Co reissued a “hold” rating and issued a $20.00 target price on shares of Apple Hospitality REIT in a report on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.20.

Several hedge funds and other institutional investors have recently bought and sold shares of APLE. Daiwa Securities Group Inc. increased its stake in shares of Apple Hospitality REIT by 1.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock valued at $105,000 after buying an additional 100 shares during the period. TLP Group LLC bought a new stake in shares of Apple Hospitality REIT during the third quarter valued at about $125,000. Advisor Group Inc. bought a new stake in shares of Apple Hospitality REIT during the second quarter valued at about $127,000. MSI Financial Services Inc increased its stake in shares of Apple Hospitality REIT by 213.0% in the third quarter. MSI Financial Services Inc now owns 7,337 shares of the company’s stock valued at $136,000 after buying an additional 4,993 shares during the period. Finally, Invictus RG bought a new stake in shares of Apple Hospitality REIT during the first quarter valued at about $147,000. 34.97% of the stock is currently owned by 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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