Hsbc Holdings PLC Increases Stake in Apple Hospitality REIT, Inc. $APLE

Hsbc Holdings PLC increased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,968 shares of the real estate investment trust’s stock after purchasing an additional 61,354 shares during the period. Hsbc Holdings PLC’s holdings in Apple Hospitality REIT were worth $4,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of APLE. Centerbridge Partners L.P. lifted its stake in shares of Apple Hospitality REIT by 18.4% during the third quarter. Centerbridge Partners L.P. now owns 2,247,785 shares of the real estate investment trust’s stock worth $26,996,000 after buying an additional 350,000 shares during the period. Waterfall Asset Management LLC increased its position in shares of Apple Hospitality REIT by 82.5% in the 3rd quarter. Waterfall Asset Management LLC now owns 730,000 shares of the real estate investment trust’s stock valued at $8,767,000 after acquiring an additional 330,000 shares during the period. SG Americas Securities LLC increased its position in shares of Apple Hospitality REIT by 91.9% in the 4th quarter. SG Americas Securities LLC now owns 109,512 shares of the real estate investment trust’s stock valued at $1,298,000 after acquiring an additional 52,446 shares during the period. UBS Group AG raised its stake in Apple Hospitality REIT by 60.8% in the 4th quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock worth $55,950,000 after acquiring an additional 1,786,018 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Apple Hospitality REIT in the 4th quarter worth $11,498,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on APLE shares. Barclays lifted their price target on Apple Hospitality REIT from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wells Fargo & Company raised their price objective on Apple Hospitality REIT from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. LADENBURG THALM/SH SH upped their target price on Apple Hospitality REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Cantor Fitzgerald upped their target price on Apple Hospitality REIT from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.94.

Apple Hospitality REIT Stock Up 0.5%

APLE stock opened at $17.02 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 23.31, a P/E/G ratio of 8.32 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. The firm’s fifty day moving average is $14.73 and its 200 day moving average is $13.00. Apple Hospitality REIT, Inc. has a one year low of $10.85 and a one year high of $17.06.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $337.74 million during the quarter, compared to the consensus estimate of $327.81 million. On average, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.58 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.6%. Apple Hospitality REIT’s dividend payout ratio is presently 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.