Apple Hospitality REIT, Inc. (APLE) Position Boosted by People s United Financial Inc.
People s United Financial Inc. boosted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,216 shares of the real estate investment trust’s stock after acquiring an additional 4 shares during the quarter. People s United Financial Inc.’s holdings in Apple Hospitality REIT were worth $603,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Schroder Investment Management Group purchased a new position in Apple Hospitality REIT during the 2nd quarter valued at $102,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Apple Hospitality REIT by 26.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 1,393 shares during the period. Mutual of America Capital Management LLC purchased a new stake in shares of Apple Hospitality REIT in the 1st quarter worth $125,000. IMS Capital Management purchased a new stake in shares of Apple Hospitality REIT in the 2nd quarter worth $140,000. Finally, Ffcm LLC lifted its holdings in shares of Apple Hospitality REIT by 353.1% in the 2nd quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 6,526 shares during the period. Institutional investors own 49.18% of the company’s stock.
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Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) opened at 18.92 on Friday. The stock has a market capitalization of $4.22 billion, a PE ratio of 22.96 and a beta of 0.61. The firm has a 50 day moving average price of $18.42 and a 200 day moving average price of $18.67. Apple Hospitality REIT, Inc. has a one year low of $17.32 and a one year 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 EPS 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 firm had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $335.94 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. Analysts predict that Apple Hospitality REIT, Inc. will post $1.03 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.20 annualized dividend and a dividend yield of 6.34%. Apple Hospitality REIT’s dividend payout ratio is currently 150.00%.
Several equities research analysts have weighed in on APLE shares. BidaskClub cut Apple Hospitality REIT from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Robert W. Baird reiterated an “outperform” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $19.00 target price (down from $20.00) on shares of Apple Hospitality REIT in a report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.00.
In related news, insider Justin G. Knight bought 17,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $17.62 per share, for a total transaction of $299,540.00. Following the completion of the acquisition, the insider now owns 1,005,274 shares in the company, valued at approximately $17,712,927.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Redd Hugh bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $17.83 per share, with a total value of $89,150.00. Following the completion of the acquisition, the director now owns 61,495 shares of the company’s stock, valued at approximately $1,096,455.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 45,000 shares of company stock valued at $794,950. Company insiders own 6.30% of the company’s stock.
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 September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.
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