Apple Hospitality REIT Inc (NYSE:APLE) Chairman Jirka Rysavy acquired 105,879 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $7.14 per share, with a total value of $755,976.06.

Apple Hospitality REIT stock traded up $0.23 during trading on Monday, hitting $16.35. The company’s stock had a trading volume of 1,200,047 shares, compared to its average volume of 1,172,831. The stock’s fifty day moving average is $15.60 and its 200 day moving average is $16.05. Apple Hospitality REIT Inc has a 1-year low of $13.81 and a 1-year high of $17.80. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 1.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $341.12 million for the quarter, compared to analyst estimates of $340.44 million. Apple Hospitality REIT had a return on equity of 5.75% and a net margin of 15.44%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. On average, research analysts anticipate that Apple Hospitality REIT Inc will post 1.65 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend is Friday, August 30th. Apple Hospitality REIT’s dividend payout ratio is currently 69.77%.

APLE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday. Capital One Financial began coverage on shares of Apple Hospitality REIT in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 target price for the company. Finally, Barclays upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.25.

Several hedge funds have recently made changes to their positions in the company. Atria Investments LLC acquired a new position in Apple Hospitality REIT during the 2nd quarter valued at about $203,000. Royal Bank of Canada boosted its position in shares of Apple Hospitality REIT by 11.2% in the 2nd quarter. Royal Bank of Canada now owns 1,292,772 shares of the real estate investment trust’s stock worth $20,504,000 after purchasing an additional 129,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Apple Hospitality REIT by 2.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,146 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 738 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Apple Hospitality REIT during the second quarter worth $9,845,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Apple Hospitality REIT by 1.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 64,947 shares of the real estate investment trust’s stock valued at $1,030,000 after purchasing an additional 813 shares during the last quarter. Institutional investors and hedge funds own 59.18% of the company’s stock.

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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