Apple Hospitality REIT, Inc. (NYSE:APLE) Director Redd Hugh acquired 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $17.83 per share, with a total value of $89,150.00. Following the transaction, the director now directly owns 61,495 shares in the company, valued at $1,096,455.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Tuesday, August 22nd, Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock. The shares were bought at an average price of $17.96 per share, with a total value of $35,920.00.

Apple Hospitality REIT, Inc. (NYSE:APLE) opened at 17.81 on Wednesday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 21.61 and a beta of 0.60. Apple Hospitality REIT, Inc. has a 12 month low of $17.32 and a 12 month high of $20.68. The firm’s 50-day moving average price is $18.20 and its 200-day moving average price is $18.90.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.74%. Apple Hospitality REIT’s dividend payout ratio is 150.00%.

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Several hedge funds have recently modified their holdings of APLE. Bank of New York Mellon Corp boosted its stake in shares of Apple Hospitality REIT by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 1,278,318 shares of the real estate investment trust’s stock valued at $24,416,000 after buying an additional 83,872 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Apple Hospitality REIT by 38.6% in the first quarter. Daiwa Securities Group Inc. now owns 12,200 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 3,400 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Apple Hospitality REIT by 31.0% in the first quarter. First Trust Advisors LP now owns 191,747 shares of the real estate investment trust’s stock valued at $3,662,000 after buying an additional 45,346 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Apple Hospitality REIT by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 152,503 shares of the real estate investment trust’s stock valued at $2,913,000 after buying an additional 1,443 shares in the last quarter. Finally, Cascade Investment Advisors Inc. boosted its stake in shares of Apple Hospitality REIT by 7.3% in the first quarter. Cascade Investment Advisors Inc. now owns 57,100 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 3,875 shares in the last quarter. 49.18% of the stock is currently owned by institutional investors.

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

Apple Hospitality REIT Company Profile

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)

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