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.
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%.
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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.
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