Commonwealth Equity Services LLC Buys 4,137 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Commonwealth Equity Services LLC raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 23.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,546 shares of the real estate investment trust’s stock after purchasing an additional 4,137 shares during the period. Commonwealth Equity Services LLC’s holdings in Apple Hospitality REIT were worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Apple Hospitality REIT by 70.7% in the second quarter. FMR LLC now owns 2,613 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,082 shares during the period. Penserra Capital Management LLC bought a new stake in Apple Hospitality REIT during the 2nd quarter valued at approximately $61,000. Stifel Financial Corp bought a new stake in Apple Hospitality REIT during the 2nd quarter valued at approximately $169,000. Xponance Inc. bought a new stake in Apple Hospitality REIT during the 2nd quarter valued at approximately $175,000. Finally, M&T Bank Corp boosted its position in Apple Hospitality REIT by 11.5% during the 3rd quarter. M&T Bank Corp now owns 12,797 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 1,319 shares in the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.

Several analysts have weighed in on the company. Zacks Investment Research cut Apple Hospitality REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 7th. Wells Fargo & Company cut Apple Hospitality REIT from an “equal weight” rating to an “underweight” rating in a research report on Monday, October 18th. Finally, TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $17.67.

Shares of APLE opened at $16.79 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $15.89 and its 200-day moving average price is $15.49. Apple Hospitality REIT, Inc. has a 52 week low of $12.31 and a 52 week high of $17.44. The stock has a market cap of $3.83 billion, a P/E ratio of -79.95 and a beta of 1.22.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). Apple Hospitality REIT had a negative net margin of 5.58% and a negative return on equity of 1.49%. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, equities analysts anticipate that Apple Hospitality REIT, Inc. will post 0.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.04 annualized dividend and a yield of 0.24%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently -19.05%.

In other news, Chairman Glade M. Knight bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was bought at an average price of $16.04 per share, with a total value of $80,200.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kristian M. Gathright sold 5,642 shares of the company’s stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $16.75, for a total transaction of $94,503.50. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands.

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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