Strs Ohio Cuts Position in Apple Hospitality REIT, Inc. $APLE

Strs Ohio lessened its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 911,734 shares of the real estate investment trust’s stock after selling 86,200 shares during the quarter. Strs Ohio’s holdings in Apple Hospitality REIT were worth $10,494,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APLE. NewEdge Advisors LLC increased its position in shares of Apple Hospitality REIT by 295.9% in the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,814 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Apple Hospitality REIT by 1,375.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,640 shares during the period. Danske Bank A S purchased a new stake in shares of Apple Hospitality REIT in the third quarter worth about $36,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $43,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Apple Hospitality REIT by 97.5% in 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 buying an additional 1,872 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on APLE shares. BMO Capital Markets increased their price objective on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Apple Hospitality REIT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. LADENBURG THALM/SH SH raised their target price on Apple Hospitality REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Barclays raised their price objective on Apple Hospitality REIT from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. assumed coverage on Apple Hospitality REIT in a report on Monday, June 1st. They set a “neutral” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.94.

Insider Buying and Selling at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $13.96 per share, for a total transaction of $69,800.00. Following the transaction, the chairman owned 747,191 shares in the company, valued at $10,430,786.36. This represents a 0.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.90% of the company’s stock.

Apple Hospitality REIT Stock Down 0.1%

Shares of Apple Hospitality REIT stock opened at $16.62 on Monday. The business has a 50-day moving average price of $15.11 and a 200 day moving average price of $13.18. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.85 and a fifty-two week high of $17.06. The firm has a market cap of $3.92 billion, a P/E ratio of 22.76, a P/E/G ratio of 8.13 and a beta of 0.87. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $337.74 million during the quarter, compared to analyst estimates of $327.81 million. Apple Hospitality REIT had a return on equity of 5.43% and a net margin of 12.08%. On average, sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.58 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Apple Hospitality REIT’s dividend payout ratio is 131.51%.

Apple Hospitality REIT Profile

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.