Shares of Apple Hospitality REIT Inc (NYSE:APLE) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.00.

Several research firms have recently issued reports on APLE. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley set a $20.00 target price on Apple Hospitality REIT and gave the company a “buy” rating in a report on Tuesday, November 6th.

In other news, Director Redd Hugh bought 2,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of $15.65 per share, for a total transaction of $31,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Thursday, November 15th. The stock was purchased at an average price of $15.71 per share, for a total transaction of $78,550.00. The disclosure for this purchase can be found here. Insiders purchased 19,624 shares of company stock worth $313,283 in the last quarter. 6.30% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of APLE. Commonwealth Bank of Australia lifted its stake in shares of Apple Hospitality REIT by 70.2% during the second quarter. Commonwealth Bank of Australia now owns 9,193 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 3,793 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Apple Hospitality REIT during the second quarter worth about $169,000. US Bancorp DE increased its position in shares of Apple Hospitality REIT by 98.9% during the second quarter. US Bancorp DE now owns 9,872 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 4,908 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Apple Hospitality REIT during the second quarter worth about $177,000. Finally, Signition LP purchased a new stake in shares of Apple Hospitality REIT during the third quarter worth about $182,000. Hedge funds and other institutional investors own 56.22% of the company’s stock.

Shares of APLE stock traded down $0.03 during mid-day trading on Monday, hitting $15.63. 917,397 shares of the company’s stock were exchanged, compared to its average volume of 1,645,401. Apple Hospitality REIT has a fifty-two week low of $15.56 and a fifty-two week high of $20.19. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.68.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.21). Apple Hospitality REIT had a return on equity of 4.77% and a net margin of 13.42%. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $340.17 million. During the same quarter last year, the business earned $0.48 EPS. Apple Hospitality REIT’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Hospitality REIT will post 1.7 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Friday, November 30th. Apple Hospitality REIT’s payout ratio is currently 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 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

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