Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh purchased 7,000 shares of Apple Hospitality REIT stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $125,370.00. Following the transaction, the director now owns 40,323 shares in the company, valued at approximately $722,184.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, November 11th, Redd Hugh bought 3,000 shares of Apple Hospitality REIT stock. The stock was purchased at an average cost of $17.53 per share, for a total transaction of $52,590.00.
  • On Wednesday, September 14th, Redd Hugh bought 1,000 shares of Apple Hospitality REIT stock. The stock was purchased at an average cost of $18.30 per share, for a total transaction of $18,300.00.
  • On Tuesday, September 13th, Redd Hugh bought 4,500 shares of Apple Hospitality REIT stock. The stock was purchased at an average cost of $18.30 per share, for a total transaction of $82,350.00.
  • On Friday, September 9th, Redd Hugh bought 2,500 shares of Apple Hospitality REIT stock. The stock was purchased at an average cost of $18.19 per share, for a total transaction of $45,475.00.
  • On Thursday, September 8th, Redd Hugh bought 2,000 shares of Apple Hospitality REIT stock. The stock was purchased at an average cost of $18.51 per share, for a total transaction of $37,020.00.

Apple Hospitality REIT Inc. (NYSE:APLE) opened at 17.77 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 37.18 and a beta of 0.63. The company’s 50 day moving average is $18.07 and its 200-day moving average is $18.83. Apple Hospitality REIT Inc. has a 52 week low of $16.35 and a 52 week high of $20.97.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $276.50 million for the quarter, compared to analyst estimates of $16.75 million. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities 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 company also recently announced a monthly dividend, which was paid on Tuesday, November 15th. Investors of record on Wednesday, November 2nd were given a dividend of $0.10 per share. The ex-dividend date was Monday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.75%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 250.01%.

Several institutional investors have recently made changes to their positions in the stock. Shinko Asset Management Co. Ltd. raised its position in shares of Apple Hospitality REIT by 20.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 9,308,009 shares of the company’s stock worth $172,291,000 after buying an additional 1,605,432 shares during the period. Vanguard Group Inc. raised its position in shares of Apple Hospitality REIT by 4.0% in the second quarter. Vanguard Group Inc. now owns 25,843,078 shares of the company’s stock worth $486,108,000 after buying an additional 1,005,883 shares during the period. Prudential Financial Inc. raised its position in shares of Apple Hospitality REIT by 515.0% in the third quarter. Prudential Financial Inc. now owns 736,090 shares of the company’s stock worth $13,625,000 after buying an additional 616,408 shares during the period. Martingale Asset Management L P acquired a new position in shares of Apple Hospitality REIT during the second quarter worth approximately $11,592,000. Finally, Emerald Acquisition Ltd. increased its position in shares of Apple Hospitality REIT by 963.5% in the third quarter. Emerald Acquisition Ltd. now owns 546,538 shares of the company’s stock worth $10,120,000 after buying an additional 495,147 shares in the last quarter. Institutional investors own 34.97% of the company’s stock.

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

Apple Hospitality REIT Company Profile

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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