Apple Hospitality REIT, Inc. $APLE Shares Newly Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 229,012 shares of the real estate investment trust’s stock, valued at approximately $3,701,000. Jefferies Financial Group Inc. owned about 0.10% of Apple Hospitality REIT at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of APLE. Bank of New York Mellon Corp acquired a new stake in Apple Hospitality REIT during the 2nd quarter valued at $26,774,000. Rush Island Management LP purchased a new stake in Apple Hospitality REIT during the first quarter valued at about $17,143,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Apple Hospitality REIT during the 1st quarter worth about $3,126,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Apple Hospitality REIT in the second quarter worth $4,215,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Apple Hospitality REIT in the 2nd quarter valued at $3,952,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 1.6%

Shares of NYSE:APLE opened at $19.48 on Friday. The company has a 50 day moving average of $17.02 and a 200-day moving average of $14.95. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.60 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.09 and a beta of 0.93. Apple Hospitality REIT, Inc. has a twelve month low of $11.31 and a twelve month high of $20.25.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. Apple Hospitality REIT had a return on equity of 5.88% and a net margin of 12.62%. The company had revenue of $398.33 million for the quarter, compared to analysts’ expectations of $384.64 million. As a group, analysts anticipate that Apple Hospitality REIT, Inc. will post 1.63 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.9%. Apple Hospitality REIT’s dividend payout ratio is currently 121.52%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Cantor Fitzgerald boosted their target price on shares of Apple Hospitality REIT from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday. Ladenburg Thalmann & Co. Inc. boosted their target price on shares of Apple Hospitality REIT from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Research lowered Apple Hospitality REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Barclays lifted their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.19.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc. is a real estate investment trust that owns a portfolio of hotels in the United States. Its properties primarily serve business and leisure travelers and operate in the upscale segment, including select-service and extended-stay formats. The company’s hotels are affiliated with well-known hospitality brands, including Marriott, Hilton and Hyatt. Apple Hospitality REIT owns the real estate and works with hotel operators to manage day-to-day operations. Formed in 2007, the company is headquartered in Richmond, Virginia.