Campbell & CO Investment Adviser LLC bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,400 shares of the real estate investment trust’s stock, valued at approximately $349,000.
Several other large investors have also recently bought and sold shares of APLE. Valley National Advisers Inc. acquired a new stake in Apple Hospitality REIT during the 1st quarter valued at approximately $51,000. New York State Teachers Retirement System raised its stake in shares of Apple Hospitality REIT by 275.0% in the first quarter. New York State Teachers Retirement System now owns 3,000 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,200 shares during the last quarter. Herald Advisors Inc. purchased a new stake in shares of Apple Hospitality REIT in the 1st quarter valued at $54,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Apple Hospitality REIT by 53.8% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,386 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at $81,000. Hedge funds and other institutional investors own 78.99% of the company’s shares.
A Wall Street analyst weighs in
Several analysts have recently commented on APLE shares. Barclays cut their target price on shares of Apple Hospitality REIT from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. B. Riley upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating in a report on Thursday. Oppenheimer started coverage on shares of Apple Hospitality REIT in a report on Thursday, April 21st. They set an “outperform” rating and a $23 price target on the stock. Finally, TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Thursday. One analyst has rated the stock a “sell”, one has given a “hold” rating and three have given the stock a “buy” rating. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.33, according to MarketBeat.
Insiders place their bets
In related news, Chairman Glade M. Knight purchased 5,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were bought at an average price of $16.21 per share for a total value of $81,050.00. Following the completion of the purchase, the chairman now directly owns 493,093 shares in the company, valued at approximately $7,993,037.53. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed at this hyperlink. Insiders purchased a total of 7,955 shares of company stock valued at $127,393 over the last 90 days. 6.80% of shares belong to company insiders.
Apple Hospitality REIT’s stock performance
NYSE:APLE opened at $17.26 on Monday. The company has a debt-to-equity ratio of 0.46, a gearing ratio of 0.96, and a current ratio of 0.96. The company has a fifty-day moving average of $15.69. US and 200-day moving average $16.69. The stock has a market cap of $3.95 billion, a PE ratio of 30.28, a P/E/G ratio of 0.45 and a beta of 1.11. Apple Hospitality REIT, Inc. has a fifty-two week low of $14.11. US and a 52-week high of $18.69.
Apple Hospitality REIT (NYSE:APLE – Get Rating) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.29 earnings per share for the quarter. USA, which does not meet the consensus forecasts of analysts at $0.45. US at ($0.16). Apple Hospitality REIT had a net margin of 11.40% and a return on equity of 4.05%. During the same quarter last year, the firm posted $0.30 earnings per share. How does a group of analysts predict that Apple Hospitality REIT, Inc. will post 1.55 EPS for the current fiscal year.
Apple Hospitality REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be paid a dividend of $0.05 per share. This translates to a dividend of $0.60 per year and a yield of 3.48%. The ex-dividend date is Monday, August 1. Apple Hospitality REIT (DPR)’s dividend payout ratio is currently 105.27%.
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, room-based hotels in the United States. The Apple Hospitality portfolio consists of 235 hotels with more than 30,000 rooms located in 87 markets in 34 states.
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