Apple Hospitality REIT Inc (NYSE:APLE) Director Redd Hugh purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $16.05 per share, with a total value of $16,050.00. Following the completion of the purchase, the director now owns 95,154 shares in the company, valued at approximately $1,527,221.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE APLE traded down $0.09 on Friday, reaching $16.08. 1,485,040 shares of the stock traded hands, compared to its average volume of 1,189,160. The firm’s fifty day simple moving average is $16.33 and its 200 day simple moving average is $16.01. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 1.95 and a beta of 0.80. Apple Hospitality REIT Inc has a 12 month low of $13.81 and a 12 month high of $16.90.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.24). The firm had revenue of $331.72 million for the quarter, compared to the consensus estimate of $328.85 million. Apple Hospitality REIT had a net margin of 14.20% and a return on equity of 5.37%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, equities research analysts forecast that Apple Hospitality REIT Inc will post 1.65 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend is Friday, November 1st. Apple Hospitality REIT’s payout ratio is currently 69.77%.

A number of brokerages have issued reports on APLE. Barclays raised Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a research note on Monday, August 12th. Wells Fargo & Co increased their price target on Apple Hospitality REIT from $15.00 to $15.50 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $17.13.

A number of hedge funds and other institutional investors have recently modified their holdings of APLE. Point72 Hong Kong Ltd boosted its stake in Apple Hospitality REIT by 159.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,355 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,448 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Apple Hospitality REIT by 113.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,386 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,267 shares in the last quarter. AGF Investments LLC boosted its stake in shares of Apple Hospitality REIT by 72.9% during the 2nd quarter. AGF Investments LLC now owns 2,471 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,042 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Apple Hospitality REIT by 40.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,354 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 968 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in shares of Apple Hospitality REIT by 180.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 4,011 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 2,581 shares in the last quarter. 59.32% of the stock is owned by hedge funds and other institutional investors.

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 30,800 guest rooms located in 88 markets throughout 34 states.

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Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

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