Zacks Investment Research upgraded shares of Apple Hospitality REIT Inc. (NYSE:APLE) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Apple Hospitality REIT, Inc. is a real estate investment trust. Its portfolio consists of hotels, guest rooms and resorts. The company operates primarily in the United States. Apple Hospitality REIT, Inc. is headquarted in Richmond, VA. “

A number of other equities analysts have also weighed in on the company. Robert W. Baird restated a neutral rating and issued a $20.00 target price on shares of Apple Hospitality REIT in a research note on Thursday, September 8th. Ladenburg Thalmann reiterated a sell rating and set a $13.00 price objective on shares of Apple Hospitality REIT in a research report on Sunday, September 4th. Canaccord Genuity reiterated a buy rating and set a $22.00 price objective on shares of Apple Hospitality REIT in a research report on Monday, November 7th. Finally, FBR & Co reiterated a hold rating and set a $20.00 price objective on shares of Apple Hospitality REIT in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Apple Hospitality REIT currently has a consensus rating of Hold and an average target price of $19.20.

Apple Hospitality REIT (NYSE:APLE) traded down 0.028% on Thursday, reaching $17.765. The company’s stock had a trading volume of 113,311 shares. Apple Hospitality REIT has a 52-week low of $16.35 and a 52-week high of $20.97. The stock’s 50 day moving average price is $18.07 and its 200 day moving average price is $18.83. The firm has a market cap of $3.97 billion, a PE ratio of 37.165 and a beta of 0.63.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Wednesday, November 2nd were issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Monday, October 31st. Apple Hospitality REIT’s payout ratio is 250.01%.

In other Apple Hospitality REIT news, Director Redd Hugh acquired 7,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were acquired at an average cost of $17.91 per share, for a total transaction of $125,370.00. Following the completion of the transaction, the director now directly owns 40,323 shares of the company’s stock, valued at $722,184.93. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Glade M. Knight acquired 2,825 shares of the stock in a transaction dated Friday, November 11th. The stock was acquired 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 directly owns 10,001,882 shares of the company’s stock, valued at $175,533,029.10. The disclosure for this purchase can be found here. 6.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased 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 worth $25,345,000 after buying an additional 58,631 shares in the last quarter. AMP Capital Investors Ltd increased 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 worth $652,000 after buying an additional 6,450 shares in the last quarter. Legal & General Group Plc increased its stake in 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 in the last quarter. LPL Financial LLC increased its stake in Apple Hospitality REIT by 3.7% in the first quarter. LPL Financial LLC now owns 70,962 shares of the company’s stock worth $1,368,000 after buying an additional 2,508 shares in the last quarter. Finally, Barclays PLC increased its stake in Apple Hospitality REIT by 41.3% in the first quarter. Barclays PLC now owns 165,850 shares of the company’s stock worth $3,150,000 after buying an additional 48,447 shares in the last quarter. Institutional investors own 34.97% of the company’s stock.

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.

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