Apple Hospitality REIT, Inc. (NYSE:APLE) Short Interest Up 33.9% in January

Apple Hospitality REIT, Inc. (NYSE:APLE) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 20,263,260 shares, a growth of 33.9% from the January 15th total of 15,135,613 shares. Approximately 9.2% of the company’s stock are short sold. Based on an average daily volume of 3,275,766 shares, the short-interest ratio is currently 6.2 days. Based on an average daily volume of 3,275,766 shares, the short-interest ratio is currently 6.2 days. Approximately 9.2% of the company’s stock are short sold.

Apple Hospitality REIT Stock Performance

NYSE APLE traded up $0.05 on Friday, hitting $12.28. 1,919,184 shares of the stock traded hands, compared to its average volume of 2,499,480. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.06 and a current ratio of 0.06. The business’s fifty day moving average is $12.11 and its two-hundred day moving average is $12.04. Apple Hospitality REIT has a 12 month low of $10.44 and a 12 month high of $15.45. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.82 and a beta of 0.84.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.8%. Apple Hospitality REIT’s dividend payout ratio is presently 131.51%.

Analyst Ratings Changes

APLE has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Barclays began coverage on Apple Hospitality REIT in a research report on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 price objective on the stock. Finally, Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.92.

Insider Buying and Selling

In related news, Chairman Glade M. Knight bought 5,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were bought at an average price of $11.91 per share, for a total transaction of $59,550.00. Following the completion of the acquisition, the chairman directly owned 710,344 shares of the company’s stock, valued at $8,460,197.04. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Apple Hospitality REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLE. Hantz Financial Services Inc. boosted its position in Apple Hospitality REIT by 12,230.0% during the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,446 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Apple Hospitality REIT by 295.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Apple Hospitality REIT by 444.4% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,280 shares during the period. EverSource Wealth Advisors LLC grew its stake in Apple Hospitality REIT by 1,375.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,640 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Apple Hospitality REIT in the 3rd quarter valued at approximately $34,000. 89.66% of the stock is currently owned by institutional investors.

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.