VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Apple Hospitality REIT, Inc. $APLE

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 235,100 shares of the real estate investment trust’s stock, valued at approximately $3,952,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.10% of Apple Hospitality REIT at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APLE. NewEdge Advisors LLC grew its stake in shares of Apple Hospitality REIT by 295.9% during the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,814 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Apple Hospitality REIT by 1,375.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,640 shares in the last quarter. Danske Bank A S acquired a new position in shares of Apple Hospitality REIT in the third quarter worth about $36,000. Godfrey Financial Associates Inc. purchased a new position in Apple Hospitality REIT in the fourth quarter valued at about $43,000. Finally, Inspire Investing LLC grew its stake in Apple Hospitality REIT by 2,965.1% during the 1st quarter. Inspire Investing LLC now owns 3,862 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 3,736 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Ratings Changes

APLE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Barclays reiterated an “equal weight” rating and set a $17.00 price objective (up from $16.00) on shares of Apple Hospitality REIT in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on shares of Apple Hospitality REIT from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Compass Point raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.50 to $18.50 in a research report on Friday, August 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Apple Hospitality REIT in a research report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Stock Up 1.7%

APLE stock opened at $15.53 on Thursday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.92 and a beta of 0.88. Apple Hospitality REIT, Inc. has a 1-year low of $10.85 and a 1-year high of $17.28. The firm has a fifty day moving average price of $16.33 and a two-hundred day moving average price of $14.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.73 and a quick ratio of 0.73.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $402.55 million during the quarter, compared to analyst estimates of $391.88 million. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. Research analysts predict that Apple Hospitality REIT, Inc. will post 1.64 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. Apple Hospitality REIT’s dividend payout ratio is 129.73%.

About Apple Hospitality REIT

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.