Nissay Asset Management Corp Japan ADV Buys 1,301 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 34,235 shares of the real estate investment trust’s stock after acquiring an additional 1,301 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Apple Hospitality REIT were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at $21,099,000. Charles Schwab Investment Management Inc. increased its position in shares of Apple Hospitality REIT by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock valued at $70,465,000 after purchasing an additional 133,505 shares during the last quarter. Martingale Asset Management L P increased its holdings in Apple Hospitality REIT by 133.4% in the 4th quarter. Martingale Asset Management L P now owns 95,642 shares of the real estate investment trust’s stock worth $1,468,000 after acquiring an additional 54,661 shares during the last quarter. Barclays PLC raised its stake in Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after acquiring an additional 229,293 shares during the period. Finally, KBC Group NV raised its stake in Apple Hospitality REIT by 37.8% in the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,541 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $11.43 per share, with a total value of $114,300.00. Following the completion of the acquisition, the chairman now owns 700,344 shares of the company’s stock, valued at $8,004,931.92. This trade represents a 1.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 12,000 shares of company stock valued at $137,120 in the last quarter. 7.10% of the stock is currently owned by corporate insiders.

Apple Hospitality REIT Stock Up 1.6%

APLE stock opened at $12.21 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.90 billion, a PE ratio of 14.36 and a beta of 1.07. Apple Hospitality REIT, Inc. has a twelve month low of $10.44 and a twelve month high of $16.50. The stock has a 50-day simple moving average of $12.20 and a two-hundred day simple moving average of $14.26.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $327.70 million during the quarter, compared to analyst estimates of $332.86 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date was Wednesday, April 30th. Apple Hospitality REIT’s payout ratio is presently 121.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on APLE shares. Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT 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.