Apple Hospitality REIT Inc (NYSE:APLE) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $15.46 and last traded at $15.66, with a volume of 67533 shares. The stock had previously closed at $15.66.

Several research analysts have commented on the company. Zacks Investment Research downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. B. Riley raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.25.

The company has a market cap of $3.58 billion, a PE ratio of 9.11, a P/E/G ratio of 1.85 and a beta of 0.68.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.21). Apple Hospitality REIT had a net margin of 13.42% and a return on equity of 4.77%. The firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $340.17 million. During the same period in the prior year, the company earned $0.48 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Hospitality REIT Inc will post 1.7 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, November 30th. Apple Hospitality REIT’s dividend payout ratio is currently 68.97%.

In other news, Director Redd Hugh acquired 4,000 shares of the stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $15.96 per share, with a total value of $63,840.00. Following the completion of the purchase, the director now directly owns 86,154 shares of the company’s stock, valued at approximately $1,375,017.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glade M. Knight acquired 5,000 shares of the stock in a transaction dated Monday, November 12th. The stock was purchased at an average cost of $16.22 per share, with a total value of $81,100.00. The disclosure for this purchase can be found here. Insiders bought 19,624 shares of company stock valued at $313,283 in the last ninety days. 6.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in APLE. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Apple Hospitality REIT by 601.4% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,471,366 shares of the real estate investment trust’s stock valued at $25,734,000 after buying an additional 1,261,586 shares during the period. LSV Asset Management bought a new stake in Apple Hospitality REIT in the second quarter valued at approximately $17,534,000. Millennium Management LLC boosted its holdings in Apple Hospitality REIT by 66.5% in the second quarter. Millennium Management LLC now owns 1,980,280 shares of the real estate investment trust’s stock valued at $35,407,000 after acquiring an additional 791,220 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Apple Hospitality REIT by 47.9% in the third quarter. Renaissance Technologies LLC now owns 2,420,300 shares of the real estate investment trust’s stock valued at $42,331,000 after acquiring an additional 783,900 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Apple Hospitality REIT in the third quarter valued at approximately $8,563,000. 56.22% of the stock is owned by institutional investors.

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About Apple Hospitality REIT (NYSE:APLE)

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

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