Apple Hospitality REIT, Inc. (NYSE:APLE) Director Redd Hugh bought 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $17.96 per share, for a total transaction of $35,920.00. Following the completion of the acquisition, the director now owns 59,495 shares in the company, valued at $1,068,530.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Apple Hospitality REIT, Inc. (APLE) traded down 0.06% during mid-day trading on Friday, hitting $17.89. 510,527 shares of the stock traded hands. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 21.71 and a beta of 0.60. The stock’s 50 day moving average is $18.20 and its 200-day moving average is $18.90. Apple Hospitality REIT, Inc. has a 12 month low of $17.32 and a 12 month high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. Apple Hospitality REIT had a net margin of 14.97% and a return on equity of 5.05%. The firm had revenue of $331.70 million for the quarter, compared to analyst estimates of $335.94 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Hospitality REIT, Inc. will post $0.98 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Thursday, August 31st. Apple Hospitality REIT’s payout ratio is presently 150.00%.

WARNING: “Insider Buying: Apple Hospitality REIT, Inc. (APLE) Director Purchases $35,920.00 in Stock” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/26/insider-buying-apple-hospitality-reit-inc-aple-director-purchases-35920-00-in-stock.html.

Several research analysts have recently weighed in on the company. FBR & Co restated a “hold” rating on shares of Apple Hospitality REIT in a report on Saturday, May 6th. BidaskClub cut Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Wells Fargo & Company assumed coverage on Apple Hospitality REIT in a report on Wednesday, May 3rd. They set a “market perform” rating on the stock. Canaccord Genuity restated a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Apple Hospitality REIT in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Apple Hospitality REIT by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,820 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 197 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Apple Hospitality REIT by 1.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,277 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 220 shares in the last quarter. Stevens Capital Management LP increased its stake in Apple Hospitality REIT by 0.4% in the first quarter. Stevens Capital Management LP now owns 53,875 shares of the real estate investment trust’s stock valued at $1,029,000 after buying an additional 235 shares in the last quarter. National Asset Management Inc. increased its stake in Apple Hospitality REIT by 1.0% in the first quarter. National Asset Management Inc. now owns 35,627 shares of the real estate investment trust’s stock valued at $682,000 after buying an additional 348 shares in the last quarter. Finally, Bruderman Asset Management LLC increased its stake in Apple Hospitality REIT by 3.7% in the first quarter. Bruderman Asset Management LLC now owns 10,361 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 372 shares in the last quarter. 47.90% of the stock is currently owned by hedge funds and other institutional investors.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

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

Receive News & Stock Ratings for Apple Hospitality REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT Inc. and related stocks with our FREE daily email newsletter.