Apple Hospitality REIT Inc. (NYSE:APLE) Director Redd Hugh acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average cost of $18.30 per share, with a total value of $82,350.00. Following the acquisition, the director now owns 30,323 shares in the company, valued at $554,910.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was bought at an average cost of $18.30 per share, with a total value of $18,300.00.
  • On Friday, September 9th, Redd Hugh acquired 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 acquired 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 18.36 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 PE ratio of 27.04 and a beta of 0.61. The company has a 50-day moving average price of $19.63 and a 200-day moving average price of $19.22.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $254.79 million. Apple Hospitality REIT had a return on equity of 4.47% and a net margin of 12.67%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. On average, equities analysts predict that Apple Hospitality REIT Inc. will post $1.76 earnings per share for the current 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 dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Wednesday, August 31st. Apple Hospitality REIT’s payout ratio is 176.47%.

Several brokerages have recently issued reports on APLE. Zacks Investment Research cut 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 issued a $13.00 price objective on shares of Apple Hospitality REIT in a report on Sunday, September 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a report on Friday, June 3rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Apple Hospitality REIT in a report on Thursday, September 8th. One equities 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 company. Apple Hospitality REIT currently has an average rating of “Hold” and an average target price of $19.00.

Several institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in shares of Apple Hospitality REIT by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 90,580 shares of the company’s stock valued at $1,809,000 after buying an additional 3,300 shares during the last quarter. Norges Bank purchased a new position in shares of Apple Hospitality REIT during the fourth quarter valued at about $17,128,000. Brookstone Capital Management purchased a new position in shares of Apple Hospitality REIT during the first quarter valued at about $482,000. Spirit of America Management Corp NY raised its position in shares of Apple Hospitality REIT by 20.6% in the first quarter. Spirit of America Management Corp NY now owns 130,777 shares of the company’s stock valued at $2,592,000 after buying an additional 22,377 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in shares of Apple Hospitality REIT during the first quarter valued at about $1,797,000. 42.69% of the stock is currently owned by institutional investors.

About Apple Hospitality REIT

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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