Dupont Capital Management Corp Takes Position in Apple Hospitality REIT Inc (APLE)

Dupont Capital Management Corp acquired a new stake in Apple Hospitality REIT Inc (NYSE:APLE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 86,560 shares of the real estate investment trust’s stock, valued at approximately $1,697,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cohen & Steers Inc. boosted its position in Apple Hospitality REIT by 7.8% in the 3rd quarter. Cohen & Steers Inc. now owns 6,988,766 shares of the real estate investment trust’s stock valued at $132,158,000 after buying an additional 507,598 shares during the period. State Street Corp raised its holdings in shares of Apple Hospitality REIT by 4.8% in the 2nd quarter. State Street Corp now owns 5,687,869 shares of the real estate investment trust’s stock valued at $106,419,000 after purchasing an additional 261,327 shares in the last quarter. PGGM Investments bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at about $70,988,000. Dimensional Fund Advisors LP raised its holdings in shares of Apple Hospitality REIT by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,941,920 shares of the real estate investment trust’s stock valued at $55,632,000 after purchasing an additional 59,310 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Apple Hospitality REIT by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the real estate investment trust’s stock valued at $44,741,000 after purchasing an additional 43,430 shares in the last quarter. 53.28% of the stock is owned by institutional investors.

Shares of Apple Hospitality REIT Inc (NYSE:APLE) opened at $18.17 on Tuesday. Apple Hospitality REIT Inc has a twelve month low of $17.49 and a twelve month high of $20.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $4,177.93, a PE ratio of 17.99, a PEG ratio of 2.12 and a beta of 0.55.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.20 annualized dividend and a dividend yield of 6.60%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 118.81%.

APLE has been the subject of several recent research reports. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a report on Friday, December 8th. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the company a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Friday, January 12th. Barclays initiated coverage on shares of Apple Hospitality REIT in a report on Wednesday, January 31st. They issued an “equal weight” rating and a $21.00 price target for the company. Finally, BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.60.

In other news, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the purchase, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Dupont Capital Management Corp Takes Position in Apple Hospitality REIT Inc (APLE)” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2018/02/06/dupont-capital-management-corp-takes-position-in-apple-hospitality-reit-inc-aple.html.

Apple Hospitality REIT 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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 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