Quantitative Systematic Strategies LLC bought a new position in shares of Apple Hospitality REIT Inc (NYSE:APLE) in the second quarter, HoldingsChannel reports. The firm bought 47,978 shares of the real estate investment trust’s stock, valued at approximately $858,000.

Other large investors also recently modified their holdings of the company. TLP Group LLC lifted its position in Apple Hospitality REIT by 1,074.4% during the first quarter. TLP Group LLC now owns 12,942 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 11,840 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Apple Hospitality REIT by 50.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 242,130 shares of the real estate investment trust’s stock valued at $4,255,000 after purchasing an additional 80,834 shares during the last quarter. Manning & Napier Group LLC bought a new position in Apple Hospitality REIT during the second quarter valued at $3,349,000. Swiss National Bank lifted its position in Apple Hospitality REIT by 2.2% during the first quarter. Swiss National Bank now owns 368,910 shares of the real estate investment trust’s stock valued at $6,482,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Apple Hospitality REIT by 73.9% during the first quarter. Wells Fargo & Company MN now owns 3,294,716 shares of the real estate investment trust’s stock valued at $57,889,000 after purchasing an additional 1,400,124 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Several equities analysts have commented on the stock. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, May 18th. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, June 18th. Finally, B. Riley set a $20.00 target price on shares of Apple Hospitality REIT and gave the company a “hold” rating in a research note on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.25.

In related news, insider Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $175,007,576.89. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Blythe J. Mcgarvie purchased 11,500 shares of Apple Hospitality REIT stock in a transaction that occurred on Monday, August 13th. The stock was bought at an average cost of $17.32 per share, for a total transaction of $199,180.00. Following the purchase, the director now directly owns 9,744 shares in the company, valued at $168,766.08. The disclosure for this purchase can be found here. In the last three months, insiders bought 18,189 shares of company stock worth $315,810. Insiders own 6.30% of the company’s stock.

Shares of APLE opened at $17.65 on Monday. Apple Hospitality REIT Inc has a twelve month low of $16.72 and a twelve month high of $20.19. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.14, a PEG ratio of 1.99 and a beta of 0.66. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.14.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, August 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $344.70 million during the quarter, compared to analysts’ expectations of $347.27 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. equities research analysts predict that Apple Hospitality REIT Inc will post 1.73 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Thursday, August 2nd were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Wednesday, August 1st. Apple Hospitality REIT’s dividend 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 242 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

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

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