Apple Hospitality REIT, Inc. (NYSE:APLE) Director Howard E. Woolley Acquires 936 Shares

Apple Hospitality REIT, Inc. (NYSE:APLEGet Rating) Director Howard E. Woolley bought 936 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were bought at an average cost of $16.03 per share, with a total value of $15,004.08. Following the purchase, the director now directly owns 5,135 shares of the company’s stock, valued at $82,314.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Apple Hospitality REIT Stock Performance

APLE opened at $16.43 on Tuesday. The firm has a market capitalization of $3.76 billion, a PE ratio of 23.81, a PEG ratio of 0.41 and a beta of 1.16. Apple Hospitality REIT, Inc. has a twelve month low of $13.79 and a twelve month high of $18.69. The firm’s 50-day moving average price is $15.65 and its 200 day moving average price is $15.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, December 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 5.84%. Apple Hospitality REIT’s payout ratio is presently 139.13%.

Analysts Set New Price Targets

A number of research firms have recently commented on APLE. Wells Fargo & Company raised shares of Apple Hospitality REIT from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $16.00 to $17.00 in a research note on Monday, August 29th. StockNews.com began coverage on shares of Apple Hospitality REIT in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Thursday, August 11th. Finally, B. Riley upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating in a research report on Thursday, August 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Hedge Funds Weigh In On Apple Hospitality REIT

Several institutional investors and hedge funds have recently bought and sold shares of APLE. Acadian Asset Management LLC acquired a new position in Apple Hospitality REIT in the 1st quarter valued at about $25,000. Lazard Asset Management LLC acquired a new position in Apple Hospitality REIT in the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in Apple Hospitality REIT in the 1st quarter valued at about $36,000. Ronald Blue Trust Inc. boosted its holdings in Apple Hospitality REIT by 145.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,528 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in Apple Hospitality REIT by 309.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,864 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 2,164 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Company Profile

(Get Rating)

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 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.

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Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

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