SG Americas Securities LLC lifted its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 278.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 44,567 shares of the real estate investment trust’s stock after acquiring an additional 32,796 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $843,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 494 shares during the period. GAM Holding AG boosted its stake in Apple Hospitality REIT by 2.8% during the second quarter. GAM Holding AG now owns 18,100 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 500 shares in the last quarter. Ken Stern & Associates Inc. boosted its stake in Apple Hospitality REIT by 5.4% during the second quarter. Ken Stern & Associates Inc. now owns 12,606 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 647 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Apple Hospitality REIT by 4.5% during the second quarter. Rafferty Asset Management LLC now owns 31,119 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Apple Hospitality REIT by 26.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 1,393 shares in the last quarter. 50.91% of the stock is owned by institutional investors.
In other Apple Hospitality REIT news, insider Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $19.18 per share, with a total value of $95,900.00. Following the completion of the acquisition, the insider now owns 10,046,357 shares in the company, valued at $192,689,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.
Shares of Apple Hospitality REIT Inc (NYSE APLE) traded up $0.12 during trading on Tuesday, reaching $19.48. 1,420,500 shares of the company were exchanged, compared to its average volume of 1,030,813. The company has a market capitalization of $4,318.46, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. Apple Hospitality REIT Inc has a 12 month low of $17.49 and a 12 month high of $20.68. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.12.
Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. equities research analysts predict that Apple Hospitality REIT Inc will post 1.73 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 1st. This represents a $1.20 dividend on an annualized basis and a yield of 6.16%. Apple Hospitality REIT’s dividend payout ratio is currently 118.81%.
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About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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