Teachers Retirement System of The State of Kentucky Acquires 7,600 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 13.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,000 shares of the real estate investment trust’s stock after acquiring an additional 7,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Apple Hospitality REIT were worth $1,079,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in APLE. Principal Securities Inc. acquired a new position in Apple Hospitality REIT during the fourth quarter valued at approximately $26,000. EdgeRock Capital LLC bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at $27,000. GAMMA Investing LLC bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at $41,000. Blue Trust Inc. raised its stake in Apple Hospitality REIT by 11.9% during the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 734 shares during the period. Finally, Neo Ivy Capital Management bought a new position in Apple Hospitality REIT during the fourth quarter worth about $154,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

APLE has been the subject of several recent analyst reports. Wedbush assumed coverage on Apple Hospitality REIT in a report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price target for the company. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.83.

Insider Activity

In related news, Chairman Glade M. Knight bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $14.78 per share, for a total transaction of $73,900.00. Following the completion of the acquisition, the chairman now owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Apple Hospitality REIT Stock Up 0.3 %

Shares of Apple Hospitality REIT stock opened at $14.59 on Monday. Apple Hospitality REIT, Inc. has a 52-week low of $13.96 and a 52-week high of $17.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50 day simple moving average is $14.71 and its 200 day simple moving average is $15.83. The firm has a market cap of $3.54 billion, a PE ratio of 16.97 and a beta of 1.10.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $329.51 million during the quarter, compared to analyst estimates of $324.68 million. Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. During the same quarter last year, the business earned $0.34 earnings per share. On average, analysts predict that Apple Hospitality REIT, Inc. will post 1.4 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.58%. Apple Hospitality REIT’s dividend payout ratio is 111.63%.

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 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.