MERIAN GLOBAL INVESTORS UK Ltd grew its position in Apple Hospitality REIT Inc (NYSE:APLE) by 601.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,471,366 shares of the real estate investment trust’s stock after acquiring an additional 1,261,586 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Apple Hospitality REIT were worth $25,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APLE. Commonwealth Bank of Australia boosted its position in shares of Apple Hospitality REIT by 70.2% during the second quarter. Commonwealth Bank of Australia now owns 9,193 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 3,793 shares during the last quarter. Howe & Rusling Inc. bought a new position in shares of Apple Hospitality REIT during the second quarter worth $168,000. NumerixS Investment Technologies Inc bought a new position in shares of Apple Hospitality REIT during the second quarter worth $169,000. US Bancorp DE boosted its position in shares of Apple Hospitality REIT by 98.9% during the second quarter. US Bancorp DE now owns 9,872 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 4,908 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Apple Hospitality REIT during the second quarter worth $177,000. Institutional investors and hedge funds own 56.55% of the company’s stock.

In other news, insider Glade M. Knight bought 10,000 shares of Apple Hospitality REIT stock in a transaction dated Monday, August 20th. The shares were acquired at an average price of $17.63 per share, with a total value of $176,300.00. Following the completion of the purchase, the insider now owns 10,098,933 shares in the company, valued at approximately $178,044,188.79. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin G. Knight bought 6,000 shares of Apple Hospitality REIT stock in a transaction dated Thursday, August 23rd. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $105,900.00. Following the purchase, the insider now owns 1,109,681 shares of the company’s stock, valued at approximately $19,585,869.65. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 33,657 shares of company stock worth $588,035. 6.30% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. B. Riley raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, ValuEngine raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.25.

Apple Hospitality REIT stock opened at $16.40 on Friday. The firm has a market cap of $3.82 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.14. Apple Hospitality REIT Inc has a 52-week low of $16.33 and a 52-week high of $20.19.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.22). The business had revenue of $344.70 million for the quarter, compared to analysts’ expectations of $347.27 million. Apple Hospitality REIT had a net margin of 13.55% and a return on equity of 4.80%. Apple Hospitality REIT’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. On average, equities research analysts predict that Apple Hospitality REIT Inc will post 1.71 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Monday, October 15th. Investors of record on Wednesday, October 3rd were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Tuesday, October 2nd. Apple Hospitality REIT’s payout ratio is 68.97%.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

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

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