Apple Hospitality REIT Inc (APLE) Insider Acquires $78,550.00 in Stock
Apple Hospitality REIT Inc (NYSE:APLE) insider Glade M. Knight acquired 5,000 shares of the stock in a transaction on Thursday, November 15th. The stock was acquired at an average cost of $15.71 per share, for a total transaction of $78,550.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Shares of APLE opened at $15.68 on Monday. Apple Hospitality REIT Inc has a twelve month low of $15.56 and a twelve month high of $20.19. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.84 and a beta of 0.69.
Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.21). Apple Hospitality REIT had a net margin of 13.42% and a return on equity of 4.77%. The business had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $340.17 million. During the same period in the prior year, the firm posted $0.48 EPS. Apple Hospitality REIT’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Apple Hospitality REIT Inc will post 1.7 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. B. Riley raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, August 8th. Finally, ValuEngine lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.25.
A number of institutional investors and hedge funds have recently made changes to their positions in APLE. Commonwealth Bank of Australia boosted its stake in shares of Apple Hospitality REIT by 70.2% during the 2nd 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 in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $169,000. Howe & Rusling Inc. purchased a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $168,000. US Bancorp DE boosted its stake in shares of Apple Hospitality REIT by 98.9% during the 2nd 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 in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $177,000. 58.09% of the stock is currently owned by institutional investors.
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About Apple Hospitality REIT
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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