APG Asset Management N.V. bought a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 297,800 shares of the real estate investment trust’s stock, valued at approximately $5,631,000. APG Asset Management N.V. owned 0.13% of Apple Hospitality REIT at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new position in Apple Hospitality REIT in the second quarter valued at $102,000. Public Employees Retirement Association of Colorado raised its stake in Apple Hospitality REIT by 26.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 1,393 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Apple Hospitality REIT by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 494 shares in the last quarter. IMS Capital Management acquired a new stake in Apple Hospitality REIT in the second quarter valued at $140,000. Finally, Ffcm LLC raised its stake in Apple Hospitality REIT by 353.1% in the second quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 6,526 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Shares of Apple Hospitality REIT, Inc. (APLE) opened at $18.87 on Friday. Apple Hospitality REIT, Inc. has a 52 week low of $17.32 and a 52 week high of $20.68. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4,209.05, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 2.18 and a beta of 0.60.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). Apple Hospitality REIT had a net margin of 14.97% and a return on equity of 5.05%. The business had revenue of $331.70 million during the quarter, compared to analyst estimates of $335.94 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.73 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Thursday, November 2nd. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 150.00%.

In other news, Chairman Glade M. Knight bought 20,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $17.62 per share, for a total transaction of $352,400.00. Following the completion of the transaction, the chairman now owns 10,041,357 shares of the company’s stock, valued at $176,928,710.34. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Redd Hugh bought 5,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were purchased at an average price of $17.83 per share, for a total transaction of $89,150.00. Following the transaction, the director now directly owns 61,495 shares of the company’s stock, valued at approximately $1,096,455.85. The disclosure for this purchase can be found here. Insiders have bought 45,000 shares of company stock worth $794,950 in the last quarter. Insiders own 6.30% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub upgraded Apple Hospitality REIT from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Canaccord Genuity restated a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Apple Hospitality REIT in a research note on Friday, August 11th. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apple Hospitality REIT presently has an average rating of “Hold” and a consensus target price of $19.67.

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Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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