VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Stake in Apple Hospitality REIT, Inc. $APLE

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,500 shares of the real estate investment trust’s stock after selling 54,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.09% of Apple Hospitality REIT worth $2,589,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Apple Hospitality REIT by 295.9% during the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,814 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Apple Hospitality REIT by 1,375.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,640 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Apple Hospitality REIT during the third quarter valued at $34,000. Danske Bank A S purchased a new stake in shares of Apple Hospitality REIT during the third quarter valued at $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Apple Hospitality REIT by 97.5% during the second quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,872 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $13.96 per share, for a total transaction of $69,800.00. Following the acquisition, the chairman owned 747,191 shares in the company, valued at $10,430,786.36. This represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.90% of the stock is currently owned by company insiders.

Apple Hospitality REIT Stock Performance

APLE opened at $14.02 on Friday. Apple Hospitality REIT, Inc. has a 52-week low of $10.85 and a 52-week high of $14.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.31 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 8.24 and a beta of 0.88. The firm’s 50-day moving average price is $12.52 and its 200-day moving average price is $12.17.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Apple Hospitality REIT had a net margin of 12.08% and a return on equity of 5.43%. The firm had revenue of $337.74 million for the quarter, compared to the consensus estimate of $327.81 million. As a group, equities analysts anticipate that Apple Hospitality REIT, Inc. will post 1.55 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.8%. Apple Hospitality REIT’s dividend payout ratio is 131.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APLE shares. Cantor Fitzgerald boosted their target price on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday. LADENBURG THALM/SH SH started coverage on shares of Apple Hospitality REIT in a research note on Thursday, March 26th. They issued a “neutral” rating and a $13.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Wednesday, April 22nd. Finally, Barclays lowered their price objective on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.93.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.