Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average price of $17.53 per share, with a total value of $52,590.00. Following the completion of the acquisition, the director now owns 36,323 shares of the company’s stock, valued at approximately $636,742.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Redd Hugh also recently made the following trade(s):

  • On Tuesday, November 15th, Redd Hugh acquired 7,000 shares of Apple Hospitality REIT stock. The shares were purchased at an average price of $17.91 per share, with a total value of $125,370.00.
  • On Wednesday, September 14th, Redd Hugh acquired 1,000 shares of Apple Hospitality REIT stock. The shares were purchased at an average price of $18.30 per share, with a total value of $18,300.00.
  • On Tuesday, September 13th, Redd Hugh acquired 4,500 shares of Apple Hospitality REIT stock. The shares were purchased at an average price of $18.30 per share, with a total value of $82,350.00.
  • On Friday, September 9th, Redd Hugh acquired 2,500 shares of Apple Hospitality REIT stock. The shares were purchased at an average price of $18.19 per share, with a total value of $45,475.00.
  • On Thursday, September 8th, Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock. The shares were purchased at an average price of $18.51 per share, with a total value of $37,020.00.

Shares of Apple Hospitality REIT Inc. (NYSE:APLE) opened at 17.72 on Thursday. The stock has a 50 day moving average price of $18.09 and a 200 day moving average price of $18.84. Apple Hospitality REIT Inc. has a 12 month low of $16.35 and a 12 month 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.

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

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Wednesday, November 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.77%. Apple Hospitality REIT’s payout ratio is presently 250.01%.

Several hedge funds and other institutional investors have recently made changes to their positions in APLE. LPL Financial LLC boosted its position in shares of Apple Hospitality REIT by 23.5% in the third quarter. LPL Financial LLC now owns 38,618 shares of the company’s stock valued at $706,000 after buying an additional 7,360 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Apple Hospitality REIT by 51.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 370,281 shares of the company’s stock worth $6,853,000 after buying an additional 125,215 shares in the last quarter. Credit Suisse AG boosted its stake in Apple Hospitality REIT by 43.3% in the third quarter. Credit Suisse AG now owns 733,954 shares of the company’s stock worth $13,586,000 after buying an additional 221,934 shares during the last quarter. Gerstein Fisher boosted its stake in Apple Hospitality REIT by 47.8% in the third quarter. Gerstein Fisher now owns 27,702 shares of the company’s stock worth $513,000 after buying an additional 8,965 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its stake in Apple Hospitality REIT by 138.4% in the third quarter. Cetera Advisor Networks LLC now owns 35,368 shares of the company’s stock worth $655,000 after buying an additional 20,534 shares during the last quarter. Hedge funds and other institutional investors own 34.97% of the company’s stock.

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

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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