Nomura Asset Management Co. Ltd. boosted its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 0.8% in the second quarter, HoldingsChannel.com reports. The firm owned 136,700 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Apple Hospitality REIT were worth $2,168,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in APLE. Penserra Capital Management LLC acquired a new position in Apple Hospitality REIT in the first quarter valued at approximately $37,000. AGF Investments LLC boosted its holdings in Apple Hospitality REIT by 72.9% in the second quarter. AGF Investments LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,042 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings in Apple Hospitality REIT by 116.5% in the second quarter. Altshuler Shaham Ltd now owns 5,705 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 3,070 shares in the last quarter. Signaturefd LLC boosted its holdings in Apple Hospitality REIT by 18.1% in the second quarter. Signaturefd LLC now owns 5,953 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 912 shares in the last quarter. Finally, NumerixS Investment Technologies Inc boosted its holdings in Apple Hospitality REIT by 840.0% in the first quarter. NumerixS Investment Technologies Inc now owns 9,400 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 8,400 shares in the last quarter. 59.23% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Redd Hugh purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $15.55 per share, for a total transaction of $31,100.00. Following the completion of the purchase, the director now directly owns 95,154 shares of the company’s stock, valued at $1,479,644.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $15.39 per share, with a total value of $76,950.00. Following the purchase, the insider now directly owns 10,133,812 shares of the company’s stock, valued at $155,959,366.68. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 112,879 shares of company stock valued at $864,026. 6.50% of the stock is owned by company insiders.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. Apple Hospitality REIT had a return on equity of 5.75% and a net margin of 15.44%. The company had revenue of $341.12 million during the quarter, compared to analysts’ expectations of $340.44 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that Apple Hospitality REIT Inc will post 1.66 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Friday, August 30th. Apple Hospitality REIT’s dividend payout ratio is currently 69.77%.
APLE has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday. Capital One Financial assumed coverage on Apple Hospitality REIT in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 price objective for the company. Finally, Barclays upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.25.
About Apple Hospitality REIT
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 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.
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