Teachers Insurance & Annuity Association of America raised its position in Apple Hospitality REIT Inc (NYSE:APLE) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 279,063 shares of the real estate investment trust’s stock after acquiring an additional 3,728 shares during the quarter. Teachers Insurance & Annuity Association of America owned approximately 0.12% of Apple Hospitality REIT worth $4,990,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake 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 worth $57,889,000 after acquiring an additional 1,400,124 shares during the period. Daiwa Securities Group Inc. raised its stake in Apple Hospitality REIT by 14.6% during the first quarter. Daiwa Securities Group Inc. now owns 26,700 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 3,400 shares during the period. Dupont Capital Management Corp raised its stake in Apple Hospitality REIT by 26.2% during the first quarter. Dupont Capital Management Corp now owns 109,242 shares of the real estate investment trust’s stock worth $1,919,000 after acquiring an additional 22,682 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Apple Hospitality REIT by 10.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,366 shares of the real estate investment trust’s stock worth $586,000 after acquiring an additional 3,286 shares during the period. Finally, Twin Capital Management Inc. acquired a new stake in Apple Hospitality REIT during the first quarter worth about $790,000. 56.29% of the stock is currently owned by institutional investors.

In other news, insider Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was purchased at an average price of $17.33 per share, for a total transaction of $86,650.00. Following the transaction, the insider now owns 10,098,533 shares in the company, valued at $175,007,576.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blythe J. Mcgarvie bought 11,500 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $17.32 per share, with a total value of $199,180.00. Following the transaction, the director now owns 9,744 shares in the company, valued at approximately $168,766.08. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 18,189 shares of company stock valued at $315,810. 6.30% of the stock is owned by insiders.

NYSE APLE opened at $17.65 on Friday. Apple Hospitality REIT Inc has a 52 week low of $16.72 and a 52 week high of $20.19. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 1.99 and a beta of 0.66.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 6th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). Apple Hospitality REIT had a return on equity of 4.80% and a net margin of 13.55%. The firm had revenue of $344.70 million during the quarter, compared to the consensus estimate of $347.27 million. During the same quarter last year, the company posted $0.51 EPS. Apple Hospitality REIT’s revenue for the quarter was up 10.6% on a year-over-year basis. equities analysts expect 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. Shareholders of record on Thursday, August 2nd were given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.80%. The ex-dividend date was Wednesday, August 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 68.97%.

Several equities research analysts recently weighed in on APLE shares. ValuEngine upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, May 8th. B. Riley set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “hold” rating in a research report on Tuesday, May 8th. Finally, TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, May 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.25.

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, 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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