Vanderbilt University Grows Position in Apple Hospitality REIT, Inc. $APLE

Vanderbilt University increased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 39.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,643 shares of the real estate investment trust’s stock after purchasing an additional 6,177 shares during the period. Vanderbilt University’s holdings in Apple Hospitality REIT were worth $253,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Apple Hospitality REIT by 295.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,814 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Apple Hospitality REIT by 569.5% during the first quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,386 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Apple Hospitality REIT during the first quarter valued at about $57,000. Security National Bank purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at about $60,000. Finally, Quarry LP grew its position in shares of Apple Hospitality REIT by 64.8% during the first quarter. Quarry LP now owns 5,137 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 2,019 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Insider Buying and Selling at Apple Hospitality REIT

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

Apple Hospitality REIT Price Performance

Shares of APLE opened at $12.10 on Friday. The firm has a market capitalization of $2.87 billion, a PE ratio of 16.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.78 and a quick ratio of 0.78. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The company’s fifty day moving average price is $12.38 and its 200-day moving average price is $12.12.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $384.37 million during the quarter, compared to the consensus estimate of $381.37 million. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. On average, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a oct 25 dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.08 per share. This represents a dividend yield of 799.0%. The ex-dividend date is Tuesday, September 30th. Apple Hospitality REIT’s dividend payout ratio is 128.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APLE shares. Cantor Fitzgerald assumed coverage on Apple Hospitality REIT in a research report on Wednesday. They issued an “overweight” rating and a $14.00 price target for the company. Robert W. Baird set a $13.00 price objective on shares of Apple Hospitality REIT in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Finally, BMO Capital Markets downgraded shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Monday, June 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.50.

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.