Apple Hospitality REIT, Inc. (NYSE:APLE) Chairman Buys $73,900.00 in Stock

Apple Hospitality REIT, Inc. (NYSE:APLE) Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $14.78 per share, for a total transaction of $73,900.00. Following the acquisition, the chairman now owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Apple Hospitality REIT Stock Performance

Shares of APLE traded down $0.22 during mid-day trading on Thursday, reaching $14.34. 1,897,712 shares of the company’s stock were exchanged, compared to its average volume of 1,971,719. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $3.47 billion, a PE ratio of 16.66 and a beta of 1.10. The business’s fifty day simple moving average is $15.51 and its 200-day simple moving average is $16.14. Apple Hospitality REIT, Inc. has a 52-week low of $14.22 and a 52-week high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The firm had revenue of $329.51 million during the quarter, compared to analysts’ expectations of $324.68 million. During the same quarter last year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.64 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.70%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.40.

Hedge Funds Weigh In On Apple Hospitality REIT

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at $26,000. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new stake in Apple Hospitality REIT in the first quarter valued at $37,000. GAMMA Investing LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth $41,000. Finally, Fortis Group Advisors LLC raised its stake in shares of Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,493 shares during the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.