Apple Hospitality REIT, Inc. $APLE Position Increased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,774 shares of the real estate investment trust’s stock after buying an additional 11,507 shares during the quarter. Penserra Capital Management LLC’s holdings in Apple Hospitality REIT were worth $1,304,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Apple Hospitality REIT during the first quarter valued at approximately $6,254,000. Public Sector Pension Investment Board boosted its stake in Apple Hospitality REIT by 48.8% in the 1st quarter. Public Sector Pension Investment Board now owns 826,924 shares of the real estate investment trust’s stock worth $10,676,000 after purchasing an additional 271,023 shares during the period. Strs Ohio purchased a new position in Apple Hospitality REIT during the 1st quarter worth approximately $4,395,000. Allianz Asset Management GmbH raised its stake in Apple Hospitality REIT by 59.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,452,584 shares of the real estate investment trust’s stock valued at $18,753,000 after purchasing an additional 540,957 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in shares of Apple Hospitality REIT in the first quarter valued at $1,507,000. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $11.85 on Tuesday. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The stock’s 50-day moving average is $11.97 and its two-hundred day moving average is $11.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $2.80 billion, a P/E ratio of 15.80 and a beta of 1.04.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $373.88 million during the quarter, compared to analyst estimates of $371.94 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. Analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, October 31st. Apple Hospitality REIT’s payout ratio is currently 131.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company upgraded Apple Hospitality REIT to a “hold” rating in a report on Friday, October 3rd. Robert W. Baird lowered their target price on Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Apple Hospitality REIT in a research report on Thursday, October 30th. Cantor Fitzgerald assumed coverage on shares of Apple Hospitality REIT in a report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price target for the company. Finally, Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.70.

Insider Buying and Selling at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the acquisition, the chairman owned 705,344 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.10% of the company’s stock.

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.