Virginia Retirement Systems ET AL purchased a new position in Apple Hospitality REIT Inc. (NYSE:APLE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 159,600 shares of the company’s stock, valued at approximately $3,002,000. Virginia Retirement Systems ET AL owned approximately 0.09% of Apple Hospitality REIT as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Apple Hospitality REIT by 4.8% in the first quarter. Geode Capital Management LLC now owns 1,279,417 shares of the company’s stock valued at $25,345,000 after buying an additional 58,631 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Apple Hospitality REIT by 5.7% in the second quarter. California Public Employees Retirement System now owns 346,700 shares of the company’s stock valued at $6,521,000 after buying an additional 18,600 shares during the period. Norges Bank purchased a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $17,128,000. Amica Mutual Insurance Co. purchased a new stake in shares of Apple Hospitality REIT during the second quarter valued at about $245,000. Finally, Virginia Retirement System purchased a new stake in shares of Apple Hospitality REIT during the first quarter valued at about $1,797,000. 33.39% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Inc. (NYSE:APLE) opened at 18.70 on Thursday. The stock has a 50 day moving average price of $19.31 and a 200 day moving average price of $19.18. The stock has a market cap of $3.27 billion, a P/E ratio of 27.54 and a beta of 0.61. Apple Hospitality REIT Inc. has a 12-month low of $16.35 and a 12-month high of $20.97.

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

The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 6.42%. Apple Hospitality REIT’s payout ratio is presently 176.47%.

Several equities research analysts have issued reports on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price target on shares of Apple Hospitality REIT in a research note on Thursday, September 8th. Ladenburg Thalmann reaffirmed a “sell” rating and set a $13.00 price target on shares of Apple Hospitality REIT in a research note on Sunday, September 4th. Zacks Investment Research lowered Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $21.00 price target on shares of Apple Hospitality REIT in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Apple Hospitality REIT currently has an average rating of “Hold” and an average target price of $19.00.

In other Apple Hospitality REIT news, Director Redd Hugh purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $82,350.00. Following the purchase, the director now owns 30,323 shares of the company’s stock, valued at approximately $554,910.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glade M. Knight purchased 5,385 shares of the business’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $18.43 per share, with a total value of $99,245.55. Following the purchase, the insider now directly owns 9,996,232 shares in the company, valued at approximately $184,230,555.76. The disclosure for this purchase can be found here. 6.40% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:APLE

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