Apple Hospitality REIT, Inc. $APLE Shares Sold by MYDA Advisors LLC

MYDA Advisors LLC cut its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 66.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,000 shares of the real estate investment trust’s stock after selling 200,000 shares during the period. MYDA Advisors LLC’s holdings in Apple Hospitality REIT were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Isthmus Partners LLC increased its position in Apple Hospitality REIT by 0.5% in the 1st quarter. Isthmus Partners LLC now owns 200,823 shares of the real estate investment trust’s stock valued at $2,593,000 after acquiring an additional 919 shares during the period. Versor Investments LP grew its stake in shares of Apple Hospitality REIT by 3.6% in the first quarter. Versor Investments LP now owns 29,000 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 1,000 shares in the last quarter. Xponance Inc. increased its holdings in shares of Apple Hospitality REIT by 6.4% during the first quarter. Xponance Inc. now owns 17,385 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,044 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Apple Hospitality REIT by 6.2% during the first quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 1,100 shares in the last quarter. Finally, PFG Investments LLC raised its stake in shares of Apple Hospitality REIT by 9.2% during the first quarter. PFG Investments LLC now owns 13,216 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,115 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple Hospitality REIT

In related news, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $12.29 per share, for a total transaction of $61,450.00. Following the acquisition, the chairman owned 705,344 shares in the company, valued at $8,668,677.76. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

APLE has been the topic of a number of recent research reports. BMO Capital Markets cut Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Wells Fargo & Company lifted their price target on Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Apple Hospitality REIT Stock Up 3.6%

APLE stock opened at $13.18 on Thursday. The firm has a market cap of $3.12 billion, a PE ratio of 17.58 and a beta of 1.08. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The company has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $12.49. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

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

Apple Hospitality REIT Dividend Announcement

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