Janney Montgomery Scott LLC lowered its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 10.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 23,232 shares of the real estate investment trust’s stock after selling 2,795 shares during the period. Janney Montgomery Scott LLC’s holdings in Apple Hospitality REIT were worth $415,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of APLE. Franklin Resources Inc. purchased a new position in Apple Hospitality REIT in the 1st quarter worth approximately $176,000. Element Capital Management LLC purchased a new position in Apple Hospitality REIT in the 1st quarter worth approximately $222,000. TLP Group LLC grew its stake in Apple Hospitality REIT by 1,074.4% in the 1st quarter. TLP Group LLC now owns 12,942 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 11,840 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Apple Hospitality REIT in the 1st quarter worth approximately $287,000. Finally, Lido Advisors LLC grew its stake in Apple Hospitality REIT by 18.0% in the 1st quarter. Lido Advisors LLC now owns 22,475 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 3,425 shares in the last quarter. 56.29% of the stock is owned by institutional investors.

In other Apple Hospitality REIT news, Director Blythe J. Mcgarvie acquired 11,500 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $17.32 per share, with a total value of $199,180.00. Following the purchase, the director now owns 9,744 shares of the company’s stock, valued at $168,766.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $17.33 per share, with a total value of $86,650.00. Following the purchase, the insider now directly owns 10,098,533 shares in the company, valued at approximately $175,007,576.89. The disclosure for this purchase can be found here. Insiders bought a total of 18,189 shares of company stock valued at $315,810 in the last ninety days. 6.30% of the stock is owned by corporate insiders.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. B. Riley raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, August 8th. TheStreet raised shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, May 18th. Finally, ValuEngine cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $20.25.

Shares of Apple Hospitality REIT stock opened at $17.65 on Friday. Apple Hospitality REIT Inc has a 52-week low of $16.72 and a 52-week high of $20.19. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.06 and a quick ratio of 0.06.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.22). Apple Hospitality REIT had a net margin of 13.55% and a return on equity of 4.80%. The business had revenue of $344.70 million during the quarter, compared to analysts’ expectations of $347.27 million. During the same period last year, the company posted $0.51 EPS. Apple Hospitality REIT’s revenue for the quarter was up 10.6% on a year-over-year basis. equities research analysts forecast that Apple Hospitality REIT Inc will post 1.73 EPS for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Thursday, August 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.80%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 68.97%.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, select-service hotels in the United States. Apple Hospitality's portfolio consists of 242 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

Further Reading: Book Value Per Share – BVPS

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

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