Signaturefd LLC boosted its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 18.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,953 shares of the real estate investment trust’s stock after purchasing an additional 912 shares during the period. Signaturefd LLC’s holdings in Apple Hospitality REIT were worth $94,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APLE. Penserra Capital Management LLC acquired a new stake in Apple Hospitality REIT during the 1st quarter valued at $37,000. AGF Investments LLC grew its holdings in Apple Hospitality REIT by 72.9% during the 2nd quarter. AGF Investments LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,042 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Apple Hospitality REIT by 353.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,400 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,650 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in Apple Hospitality REIT by 1,255.2% during the 1st quarter. Enterprise Financial Services Corp now owns 3,930 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 3,640 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its holdings in Apple Hospitality REIT by 840.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 9,400 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 8,400 shares in the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.
APLE stock traded down $0.01 during mid-day trading on Friday, hitting $16.12. 1,101,005 shares of the company were exchanged, compared to its average volume of 1,141,839. The company has a market capitalization of $3.61 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.05. Apple Hospitality REIT Inc has a twelve month low of $13.81 and a twelve month high of $17.80. The firm has a fifty day simple moving average of $15.60 and a 200 day simple moving average of $16.05.
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend is Friday, August 30th. Apple Hospitality REIT’s dividend payout ratio is currently 69.77%.
In related news, Director Redd Hugh acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was bought at an average cost of $15.88 per share, with a total value of $31,760.00. Following the acquisition, the director now directly owns 92,154 shares in the company, valued at $1,463,405.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $15.39 per share, for a total transaction of $76,950.00. Following the completion of the transaction, the insider now owns 10,133,812 shares in the company, valued at approximately $155,959,366.68. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 9,000 shares of company stock valued at $139,810. 6.50% of the stock is owned by company insiders.
APLE has been the subject of a number of recent analyst reports. Barclays raised shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Monday, August 12th. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Capital One Financial initiated coverage on shares of Apple Hospitality REIT in a report on Tuesday, June 25th. They set an “equal weight” rating and a $17.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Apple Hospitality REIT has an average rating of “Hold” and an average target price of $18.25.
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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