Apple Hospitality REIT Inc. (NYSE:aple) declared a dividend on Monday, November 21st. Investors of record on Friday, December 2nd will be given a dividend of 0.10 per share on Thursday, December 15th. The ex-dividend date of this dividend is Wednesday, November 30th.

Apple Hospitality REIT (NYSE:APLE) opened at 17.82 on Tuesday. The company’s 50 day moving average is $18.03 and its 200-day moving average is $18.81. Apple Hospitality REIT has a 1-year low of $16.35 and a 1-year high of $20.97. The stock has a market capitalization of $3.98 billion, a PE ratio of 37.28 and a beta of 0.63.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 8.78% and a return on equity of 2.98%. The firm’s revenue was up 14.9% on a year-over-year basis. Analysts forecast that Apple Hospitality REIT will post $1.75 earnings per share for the current fiscal year.

Dividend History for Apple Hospitality REIT (NYSE:aple)

In other news, Director Redd Hugh acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased 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 owns 40,323 shares in the company, valued at $722,184.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glade M. Knight acquired 5,385 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were purchased at an average price of $18.43 per share, with a total value of $99,245.55. Following the completion of the transaction, the insider now owns 9,996,232 shares of the company’s stock, valued at approximately $184,230,555.76. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new stake in Apple Hospitality REIT during the second quarter valued at about $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Apple Hospitality REIT by 7.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,927 shares of the company’s stock valued at $165,000 after buying an additional 587 shares during the last quarter. Jane Street Group LLC boosted its stake in Apple Hospitality REIT by 29.5% in the third quarter. Jane Street Group LLC now owns 14,073 shares of the company’s stock valued at $260,000 after buying an additional 3,206 shares during the last quarter. Raymond James & Associates boosted its stake in Apple Hospitality REIT by 24.5% in the second quarter. Raymond James & Associates now owns 16,144 shares of the company’s stock valued at $304,000 after buying an additional 3,181 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Apple Hospitality REIT during the second quarter valued at about $327,000. Hedge funds and other institutional investors own 35.96% of the company’s stock.

APLE has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Apple Hospitality REIT in a report on Thursday, September 8th. Ladenburg Thalmann reaffirmed a “sell” rating and set a $13.00 price objective on shares of Apple Hospitality REIT in a report on Sunday, September 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price objective on shares of Apple Hospitality REIT in a report on Monday, November 7th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Finally, FBR & Co reaffirmed a “hold” rating and set a $20.00 price objective on shares of Apple Hospitality REIT in a report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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