Apple Hospitality REIT Inc (APLE) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 107.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,043 shares of the real estate investment trust’s stock after buying an additional 21,293 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Apple Hospitality REIT were worth $776,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new position in shares of Apple Hospitality REIT in the second quarter valued at approximately $2,145,000. State of Wisconsin Investment Board grew its position in shares of Apple Hospitality REIT by 27.5% in the second quarter. State of Wisconsin Investment Board now owns 41,842 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 9,030 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Apple Hospitality REIT in the second quarter valued at approximately $1,662,000. QS Investors LLC grew its position in shares of Apple Hospitality REIT by 383.1% in the second quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 31,093 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Apple Hospitality REIT by 31.1% in the first quarter. Morgan Stanley now owns 88,526 shares of the real estate investment trust’s stock valued at $1,692,000 after purchasing an additional 20,987 shares during the last quarter. Hedge funds and other institutional investors own 50.91% of the company’s stock.

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 shares were purchased at an average price of $19.18 per share, with a total value of $95,900.00. Following the acquisition, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

A number of equities research analysts recently issued reports on the company. TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Finally, Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.67.

Shares of Apple Hospitality REIT Inc (NYSE APLE) opened at $19.65 on Friday. The firm has a market capitalization of $4,360.84, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.25 and a beta of 0.62. Apple Hospitality REIT Inc has a twelve month low of $17.49 and a twelve month high of $20.68. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $324.90 million for the quarter, compared to the consensus estimate of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. equities research analysts expect that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Tuesday, January 2nd. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.com-unik.info/2017/12/23/apple-hospitality-reit-inc-aple-shares-bought-by-ladenburg-thalmann-financial-services-inc.html.

Apple Hospitality REIT Company Profile

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.

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT Inc (NYSE:APLE).

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

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit