Redd Hugh Purchases 4,500 Shares of Apple Hospitality REIT Inc. (APLE) Stock
Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh acquired 4,500 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $18.30 per share, for a total transaction of $82,350.00. Following the acquisition, the director now owns 30,323 shares of the company’s stock, valued at approximately $554,910.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Redd Hugh also recently made the following trade(s):
- On Wednesday, September 14th, Redd Hugh acquired 1,000 shares of Apple Hospitality REIT stock. The shares were purchased at an average cost of $18.30 per share, for a total transaction of $18,300.00.
- On Friday, September 9th, Redd Hugh acquired 2,500 shares of Apple Hospitality REIT stock. The shares were purchased at an average cost of $18.19 per share, for a total transaction of $45,475.00.
- On Thursday, September 8th, Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock. The shares were purchased at an average cost of $18.51 per share, for a total transaction of $37,020.00.
Shares of Apple Hospitality REIT Inc. (NYSE:APLE) opened at 18.36 on Monday. Apple Hospitality REIT Inc. has a 12 month low of $16.35 and a 12 month high of $20.97. The firm has a market cap of $3.21 billion, a P/E ratio of 27.04 and a beta of 0.61. The company has a 50-day moving average of $19.63 and a 200-day moving average of $19.22.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Apple Hospitality REIT had a net margin of 12.67% and a return on equity of 4.47%. The firm had revenue of $257.60 million for the quarter, compared to analyst estimates of $254.79 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Apple Hospitality REIT Inc. will post $1.76 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.54%. Apple Hospitality REIT’s dividend payout ratio is currently 176.47%.
Several equities analysts have issued reports on APLE shares. Canaccord Genuity reaffirmed a “buy” rating on shares of Apple Hospitality REIT in a report on Thursday, May 26th. Zacks Investment Research lowered Apple Hospitality REIT from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Ladenburg Thalmann reissued a “sell” rating and set a $13.00 price target on shares of Apple Hospitality REIT in a report on Sunday, September 4th. Finally, Robert W. Baird reissued a “neutral” rating and set a $20.00 price target on shares of Apple Hospitality REIT in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
A number of institutional investors have recently modified their holdings of APLE. Daiwa Securities Group Inc. raised its position in shares of 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 in the last quarter. Advisor Group Inc. purchased a new position in shares of Apple Hospitality REIT during the second quarter worth approximately $127,000. Invictus RG bought a new stake in shares of Apple Hospitality REIT during the first quarter worth about $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 period. Finally, BlackRock Japan Co. Ltd raised its stake in shares of 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 period. Hedge funds and other institutional investors own 42.69% of the company’s stock.
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.
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