Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was bought at an average cost of $18.30 per share, with a total value of $18,300.00. Following the completion of the acquisition, the director now owns 35,323 shares of the company’s stock, valued at approximately $646,410.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Redd Hugh also recently made the following trade(s):

  • On Tuesday, September 13th, Redd Hugh bought 4,500 shares of Apple Hospitality REIT stock. The stock was bought at an average cost of $18.30 per share, with a total value of $82,350.00.
  • On Friday, September 9th, Redd Hugh bought 2,500 shares of Apple Hospitality REIT stock. The stock was bought at an average cost of $18.19 per share, with a total value of $45,475.00.
  • On Thursday, September 8th, Redd Hugh bought 2,000 shares of Apple Hospitality REIT stock. The stock was bought at an average cost of $18.51 per share, with a total value of $37,020.00.

Apple Hospitality REIT Inc. (NYSE:APLE) opened at 18.51 on Wednesday. Apple Hospitality REIT Inc. has a 52 week low of $16.35 and a 52 week high of $20.97. The stock has a market capitalization of $3.23 billion, a PE ratio of 27.26 and a beta of 0.61. The stock’s 50 day moving average is $19.35 and its 200-day moving average is $19.18.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm earned $257.60 million during the quarter, compared to analyst estimates of $254.79 million. Apple Hospitality REIT had a net margin of 12.67% and a return on equity of 4.47%. Apple Hospitality REIT’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Equities research analysts forecast that Apple Hospitality REIT Inc. will post $1.76 EPS for the current year.

The company also recently announced a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Wednesday, August 31st. Apple Hospitality REIT’s payout ratio is 176.47%.

A number of research analysts have issued reports on APLE shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 target price on shares of Apple Hospitality REIT in a report on Friday, June 3rd. Zacks Investment Research cut shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Robert W. Baird reissued a “neutral” rating and set a $20.00 price objective on shares of Apple Hospitality REIT in a research note on Thursday, September 8th. Finally, Ladenburg Thalmann reissued a “sell” rating and set a $13.00 price objective on shares of Apple Hospitality REIT in a research note on Sunday, September 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of APLE. Daiwa Securities Group Inc. raised its position in Apple Hospitality REIT by 1.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $105,000 after buying an additional 100 shares during the last quarter. Advisor Group Inc. purchased a new position in Apple Hospitality REIT during the second quarter worth about $127,000. Invictus RG purchased a new position in Apple Hospitality REIT during the first quarter worth about $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Apple Hospitality REIT by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,340 shares of the company’s stock worth $157,000 after buying an additional 506 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in Apple Hospitality REIT by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 8,249 shares of the company’s stock worth $163,000 after buying an additional 140 shares during the last quarter. 33.39% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.

5 Day Chart for NYSE:APLE

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