Signature Estate & Investment Advisors LLC Reduces Stock Holdings in Apple Hospitality REIT, Inc. $APLE

Signature Estate & Investment Advisors LLC reduced its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,129 shares of the real estate investment trust’s stock after selling 2,040 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $182,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in APLE. Cetera Investment Advisers boosted its holdings in shares of Apple Hospitality REIT by 21.7% in the 4th quarter. Cetera Investment Advisers now owns 20,862 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 3,718 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Apple Hospitality REIT by 20.9% in the 4th quarter. Deutsche Bank AG now owns 392,123 shares of the real estate investment trust’s stock valued at $6,019,000 after acquiring an additional 67,896 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Apple Hospitality REIT by 8.5% in the 4th quarter. Janus Henderson Group PLC now owns 98,424 shares of the real estate investment trust’s stock valued at $1,510,000 after acquiring an additional 7,700 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Apple Hospitality REIT by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,769 shares of the real estate investment trust’s stock valued at $2,007,000 after acquiring an additional 5,018 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Apple Hospitality REIT by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 34,235 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 1,301 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Performance

Shares of NYSE APLE opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $2.97 billion, a PE ratio of 16.73 and a beta of 1.05. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The company’s fifty day moving average price is $12.39 and its 200 day moving average price is $12.33.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $384.37 million for the quarter, compared to the consensus estimate of $381.37 million. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.08 per share. This represents a yield of 735.0%. The ex-dividend date of this dividend is Friday, August 29th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 128.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. BMO Capital Markets downgraded shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $12.29 per share, with a total value of $61,450.00. Following the completion of the acquisition, the chairman directly owned 705,344 shares in the company, valued at approximately $8,668,677.76. This trade represents a 0.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.10% of the stock is currently owned by insiders.

Apple Hospitality REIT Profile

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.