Apple Hospitality REIT, Inc. (NYSE:APLE – Get 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
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
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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