Apple Hospitality REIT Inc (APLE) Holdings Raised by Lido Advisors LLC
Lido Advisors LLC raised its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 339.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,517 shares of the real estate investment trust’s stock after acquiring an additional 52,940 shares during the quarter. Lido Advisors LLC’s holdings in Apple Hospitality REIT were worth $1,297,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC purchased a new position in shares of Apple Hospitality REIT in the second quarter valued at $2,145,000. State of Wisconsin Investment Board lifted its stake in shares of Apple Hospitality REIT by 27.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 41,842 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 9,030 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Apple Hospitality REIT in the 2nd quarter valued at about $1,662,000. QS Investors LLC lifted its stake in shares of Apple Hospitality REIT by 383.1% in the 2nd quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 31,093 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Apple Hospitality REIT by 31.1% in the 1st quarter. Morgan Stanley now owns 88,526 shares of the real estate investment trust’s stock valued at $1,692,000 after purchasing an additional 20,987 shares in the last quarter. 50.91% of the stock is owned by institutional investors.
In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by insiders.
Apple Hospitality REIT Inc (APLE) traded up $0.12 during trading on Tuesday, reaching $19.48. The company had a trading volume of 1,420,500 shares, compared to its average volume of 1,030,813. The firm has a market cap of $4,318.46, a price-to-earnings ratio of 11.06, a PEG ratio of 2.23 and a beta of 0.62. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT Inc has a 12-month low of $17.49 and a 12-month high of $20.68.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The company had revenue of $324.90 million for the quarter, compared to the consensus estimate of $324.66 million. During the same period in the previous year, the business earned $0.49 EPS. Apple Hospitality REIT’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts anticipate that Apple Hospitality REIT Inc will post 1.73 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 1st. This represents a $1.20 annualized dividend and a yield of 6.16%. Apple Hospitality REIT’s dividend payout ratio is presently 118.81%.
Several research firms have recently weighed in on APLE. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. B. Riley reaffirmed a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Canaccord Genuity reissued a “hold” rating and set a $19.00 price target (down from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Apple Hospitality REIT presently has a consensus rating of “Hold” and a consensus price target of $19.67.
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Apple Hospitality REIT Profile
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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