Sound Earnings Methods LLC raised its stake in Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 17.7% throughout the 2nd quarter, in accordance with the corporate in its most up-to-date 13F submitting with the SEC. The agency owned 447,754 shares of the actual property funding belief’s inventory after shopping for an extra 67,353 shares throughout the quarter. Sound Earnings Methods LLC owned 0.20% of Apple Hospitality REIT price $6,766,000 on the finish of the latest reporting interval.
A number of different giant buyers have additionally just lately added to or lowered their stakes within the inventory. Acadian Asset Administration LLC acquired a brand new place in shares of Apple Hospitality REIT throughout the 1st quarter price $25,000. Advisory Companies Community LLC elevated its stake in shares of Apple Hospitality REIT by 255.5% throughout the 1st quarter. Advisory Companies Community LLC now owns 2,087 shares of the actual property funding belief’s inventory price $32,000 after buying an extra 1,500 shares over the past quarter. First Manhattan Co. acquired a brand new place in shares of Apple Hospitality REIT throughout the 1st quarter price $99,000. Tower Analysis Capital LLC TRC elevated its stake in shares of Apple Hospitality REIT by 189.8% throughout the 1st quarter. Tower Analysis Capital LLC TRC now owns 5,620 shares of the actual property funding belief’s inventory price $87,000 after buying an extra 3,681 shares over the past quarter. Lastly, Captrust Monetary Advisors acquired a brand new place in shares of Apple Hospitality REIT throughout the 2nd quarter price $84,000. Institutional buyers and hedge funds personal 80.53% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysis analysts have just lately commented on the inventory. StockNews.com assumed protection on shares of Apple Hospitality REIT in a analysis be aware on Thursday, August seventeenth. They set a “maintain” ranking on the inventory. Oppenheimer lowered their goal value on shares of Apple Hospitality REIT from $19.00 to $18.00 and set an “outperform” ranking on the inventory in a analysis be aware on Monday, August seventh. Wells Fargo & Firm raised their goal value on shares of Apple Hospitality REIT from $17.00 to $18.00 in a analysis be aware on Wednesday, July twelfth. Barclays raised their goal value on shares of Apple Hospitality REIT from $19.00 to $20.00 in a analysis be aware on Wednesday, July fifth. Lastly, B. Riley lowered their goal value on shares of Apple Hospitality REIT from $19.00 to $18.00 and set a “purchase” ranking on the inventory in a analysis be aware on Thursday, August tenth. Two analysis analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat, the corporate presently has a mean ranking of “Average Purchase” and a mean value goal of $18.20.
Insider Shopping for and Promoting at Apple Hospitality REIT
In associated information, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT inventory in a transaction on Friday, August eleventh. The inventory was bought at a mean value of $15.07 per share, with a complete worth of $75,350.00. Following the acquisition, the chairman now straight owns 573,109 shares within the firm, valued at $8,636,752.63. The acquisition was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Insiders personal 7.00% of the corporate’s inventory.
Apple Hospitality REIT Inventory Efficiency
Apple Hospitality REIT inventory traded up $0.31 throughout mid-day buying and selling on Friday, reaching $16.18. The corporate had a buying and selling quantity of two,967,293 shares, in comparison with its common quantity of 1,708,810. The corporate has a fast ratio of 0.84, a present ratio of 0.84 and a debt-to-equity ratio of 0.44. Apple Hospitality REIT, Inc. has a 52 week low of $13.66 and a 52 week excessive of $18.22. The corporate has a 50 day transferring common of $15.21 and a 200-day transferring common of $15.24. The agency has a market cap of $3.70 billion, a price-to-earnings ratio of twenty-two.66, a PEG ratio of 4.24 and a beta of 1.16.
Apple Hospitality REIT Dividend Announcement
The enterprise additionally just lately declared a month-to-month dividend, which will probably be paid on Friday, September fifteenth. Shareholders of report on Thursday, August thirty first will probably be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized foundation and a yield of 5.93%. The ex-dividend date is Wednesday, August thirtieth. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 137.14%.
Apple Hospitality REIT Profile
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded actual property funding belief (REIT) that owns one of many largest and most various portfolios of upscale, rooms-focused motels in the USA. Apple Hospitality’s portfolio consists of 220 motels with greater than 28,900 visitor rooms positioned in 87 markets all through 37 states in addition to one property leased to 3rd events.
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