Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh acquired 1,000 shares of Apple Hospitality REIT stock in a transaction dated Wednesday, September 14th. The stock was purchased at an average price of $18.30 per share, for a total transaction of $18,300.00. Following the completion of the acquisition, the director now directly owns 35,323 shares in the company, valued at approximately $646,410.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, September 13th, Redd Hugh acquired 4,500 shares of Apple Hospitality REIT stock. The stock was purchased at an average price of $18.30 per share, for a total transaction of $82,350.00.
  • On Friday, September 9th, Redd Hugh acquired 2,500 shares of Apple Hospitality REIT stock. The stock was purchased at an average price of $18.19 per share, for a total transaction of $45,475.00.
  • On Thursday, September 8th, Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock. The stock was purchased at an average price of $18.51 per share, for a total transaction of $37,020.00.

Apple Hospitality REIT Inc. (NYSE:APLE) opened at 18.49 on Tuesday. Apple Hospitality REIT Inc. has a 12 month low of $16.35 and a 12 month high of $20.97. The stock has a market capitalization of $3.23 billion, a P/E ratio of 27.23 and a beta of 0.61. The firm’s 50-day moving average is $19.40 and its 200 day moving average is $19.19.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business earned $257.60 million during the quarter, compared to analyst estimates of $254.79 million. Apple Hospitality REIT had a net margin of 12.67% and a return on equity of 4.47%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, equities analysts anticipate that Apple Hospitality REIT Inc. will post $1.76 earnings per share for the current year.

The business also recently declared a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend was Wednesday, August 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 176.47%.

A number of equities research analysts have recently weighed in on APLE shares. Canaccord Genuity restated a “buy” rating and issued a $21.00 price objective on shares of Apple Hospitality REIT in a report on Friday, June 3rd. Ladenburg Thalmann reaffirmed a “sell” rating and issued a $13.00 target price on shares of Apple Hospitality REIT in a research report on Sunday, September 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Apple Hospitality REIT in a research report on Thursday, September 8th. Finally, Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.00.

Several hedge funds have recently bought and sold shares of APLE. Daiwa Securities Group Inc. raised its stake in Apple Hospitality REIT by 1.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $105,000 after buying an additional 100 shares during the period. Advisor Group Inc. bought a new stake in Apple Hospitality REIT during the second quarter worth about $127,000. Invictus RG bought a new stake in Apple Hospitality REIT during the first quarter worth about $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Apple Hospitality REIT by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,340 shares of the company’s stock worth $157,000 after buying an additional 506 shares during the period. Finally, BlackRock Japan Co. Ltd raised its stake in Apple Hospitality REIT by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 8,249 shares of the company’s stock worth $163,000 after buying an additional 140 shares during the period. 42.69% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

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