SG Americas Securities LLC Boosts Stake in Apple Hospitality REIT, Inc. $APLE

SG Americas Securities LLC boosted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 549.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 711,315 shares of the real estate investment trust’s stock after acquiring an additional 601,803 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $8,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Apple Hospitality REIT in the fourth quarter worth $40,950,000. Centerbridge Partners L.P. boosted its stake in shares of Apple Hospitality REIT by 88.2% during the fourth quarter. Centerbridge Partners L.P. now owns 4,229,785 shares of the real estate investment trust’s stock valued at $50,123,000 after acquiring an additional 1,982,000 shares during the last quarter. UBS Group AG increased its position in Apple Hospitality REIT by 60.8% during the 4th quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock worth $55,950,000 after purchasing an additional 1,786,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Apple Hospitality REIT during the 4th quarter worth about $13,361,000. Finally, Pacer Advisors Inc. acquired a new position in Apple Hospitality REIT in the 4th quarter valued at about $11,498,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on APLE shares. Wells Fargo & Company upped their target price on shares of Apple Hospitality REIT from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Barclays boosted their price objective on shares of Apple Hospitality REIT from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised shares of Apple Hospitality REIT from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Cantor Fitzgerald raised their target price on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets lifted their target price on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.94.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $13.96 per share, with a total value of $69,800.00. Following the transaction, the chairman owned 747,191 shares of the company’s stock, valued at $10,430,786.36. This represents a 0.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.90% of the stock is currently owned by insiders.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $17.02 on Friday. The business’s 50-day moving average price is $14.73 and its 200 day moving average price is $13.00. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Apple Hospitality REIT, Inc. has a twelve month low of $10.85 and a twelve month high of $17.06. The company has a market capitalization of $4.02 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 8.32 and a beta of 0.89.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Apple Hospitality REIT had a return on equity of 5.43% and a net margin of 12.08%.The company had revenue of $337.74 million during the quarter, compared to analysts’ expectations of $327.81 million. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 1.58 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.6%. Apple Hospitality REIT’s payout ratio is currently 131.51%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.