NumerixS Investment Technologies Inc increased its stake in Apple Hospitality REIT Inc (NYSE:APLE) by 840.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,400 shares of the real estate investment trust’s stock after purchasing an additional 8,400 shares during the period. NumerixS Investment Technologies Inc’s holdings in Apple Hospitality REIT were worth $156,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Swiss National Bank boosted its stake in Apple Hospitality REIT by 2.4% in the first quarter. Swiss National Bank now owns 396,110 shares of the real estate investment trust’s stock worth $6,457,000 after buying an additional 9,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Apple Hospitality REIT by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,438,723 shares of the real estate investment trust’s stock valued at $56,053,000 after purchasing an additional 44,144 shares during the period. Cigna Investments Inc. New purchased a new stake in shares of Apple Hospitality REIT during the first quarter valued at approximately $730,000. Envestnet Asset Management Inc. boosted its stake in shares of Apple Hospitality REIT by 25.0% during the first quarter. Envestnet Asset Management Inc. now owns 49,951 shares of the real estate investment trust’s stock valued at $814,000 after purchasing an additional 9,979 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Apple Hospitality REIT by 16.7% during the first quarter. Advisor Group Inc. now owns 27,694 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 3,957 shares during the period. Institutional investors own 57.36% of the company’s stock.
NYSE:APLE opened at $15.71 on Thursday. The company has a market cap of $3.56 billion, a PE ratio of 9.13, a P/E/G ratio of 1.92 and a beta of 0.84. Apple Hospitality REIT Inc has a fifty-two week low of $13.81 and a fifty-two week high of $18.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.47.
Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The company had revenue of $303.79 million for the quarter, compared to analysts’ expectations of $303.62 million. Apple Hospitality REIT had a net margin of 15.84% and a return on equity of 5.82%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. Sell-side analysts anticipate that Apple Hospitality REIT Inc will post 1.65 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.64%. Apple Hospitality REIT’s dividend payout ratio is presently 69.77%.
A number of research firms have recently weighed in on APLE. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. B. Riley reissued a “buy” rating on shares of Apple Hospitality REIT in a research note on Tuesday, February 26th. Finally, ValuEngine raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.
In other Apple Hospitality REIT news, Director Redd Hugh bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average price of $15.88 per share, for a total transaction of $31,760.00. Following the completion of the acquisition, the director now directly owns 92,154 shares in the company, valued at $1,463,405.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $16.42 per share, with a total value of $82,100.00. Following the acquisition, the chairman now owns 10,128,812 shares of the company’s stock, valued at $166,315,093.04. The disclosure for this purchase can be found here. 6.50% of the stock is owned by corporate insiders.
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Apple Hospitality REIT Profile
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 30,800 guest rooms located in 88 markets throughout 34 states.
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