SG Americas Securities LLC decreased its position in Apple Hospitality REIT, Inc. (NYSE:APLE – Get Rating) by 72.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,429 shares of the real estate investment trust’s stock after selling 121,433 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $653,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its holdings in Apple Hospitality REIT by 6.0% during the second quarter. O Shaughnessy Asset Management LLC now owns 11,609 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 661 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 1.5% during the first quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 786 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Apple Hospitality REIT in the first quarter valued at about $25,000. Mackenzie Financial Corp grew its stake in shares of Apple Hospitality REIT by 11.9% in the first quarter. Mackenzie Financial Corp now owns 13,467 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 1,434 shares in the last quarter. Finally, Xponance Inc. increased its position in Apple Hospitality REIT by 14.4% during the second quarter. Xponance Inc. now owns 11,662 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,466 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.
Insider Transactions at Apple Hospitality REIT
In related news, Chairman Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost of $16.29 per share, for a total transaction of $81,450.00. Following the purchase, the chairman now owns 498,093 shares in the company, valued at approximately $8,113,934.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by insiders.
Analysts Set New Price Targets
Apple Hospitality REIT Stock Up 2.4 %
APLE stock opened at $16.92 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.87 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 0.37 and a beta of 1.14. The business has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $16.03. Apple Hospitality REIT, Inc. has a 52 week low of $13.79 and a 52 week high of $18.69.
Apple Hospitality REIT Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.96 annualized dividend and a dividend yield of 5.67%. Apple Hospitality REIT’s dividend payout ratio is 139.13%.
About Apple Hospitality REIT
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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