Apple Hospitality REIT, Inc. $APLE Position Increased by Martingale Asset Management L P

Martingale Asset Management L P raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 108.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,961 shares of the real estate investment trust’s stock after buying an additional 103,319 shares during the quarter. Martingale Asset Management L P owned 0.08% of Apple Hospitality REIT worth $2,569,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Apple Hospitality REIT by 569.5% during the first quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,386 shares in the last quarter. Quarry LP lifted its stake in Apple Hospitality REIT by 128.1% during the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,751 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Apple Hospitality REIT during the fourth quarter valued at about $64,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Apple Hospitality REIT during the fourth quarter valued at about $92,000. Finally, Blue Trust Inc. lifted its stake in Apple Hospitality REIT by 16.9% during the first quarter. Blue Trust Inc. now owns 9,934 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 1,438 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the completion of the acquisition, the chairman owned 705,344 shares of the company’s stock, valued at approximately $8,668,677.76. This represents a 0.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $14.00 to $12.00 in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.75.

Apple Hospitality REIT Trading Up 4.3%

NYSE:APLE opened at $12.8550 on Friday. The stock’s 50 day moving average price is $12.07 and its 200 day moving average price is $12.55. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50. The company has a market capitalization of $3.05 billion, a P/E ratio of 17.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%.The firm had revenue of $384.37 million for the quarter, compared to the consensus estimate of $381.37 million. On average, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 780.0%. Apple Hospitality REIT’s dividend payout ratio is currently 128.00%.

Apple Hospitality REIT Company Profile

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.