Bokf Na Buys New Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Bokf Na purchased a new stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,558 shares of the real estate investment trust’s stock, valued at approximately $270,000.

A number of other hedge funds also recently bought and sold shares of APLE. Principal Securities Inc. purchased a new stake in Apple Hospitality REIT during the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Apple Hospitality REIT by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 131,720 shares of the real estate investment trust’s stock valued at $2,212,000 after buying an additional 5,882 shares during the period. Quadrant Capital Group LLC raised its holdings in Apple Hospitality REIT by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 9,705 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 2,788 shares during the period. Norges Bank bought a new stake in Apple Hospitality REIT in the fourth quarter worth $36,260,000. Finally, PNC Financial Services Group Inc. boosted its stake in Apple Hospitality REIT by 5.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,598 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 1,357 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $14.04 per share, for a total transaction of $70,200.00. Following the acquisition, the chairman now owns 636,990 shares of the company’s stock, valued at $8,943,339.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APLE shares. Wedbush began coverage on shares of Apple Hospitality REIT in a research note on Monday, June 3rd. They issued a “neutral” rating and a $15.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Finally, Oppenheimer decreased their price objective on shares of Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.25.

Apple Hospitality REIT Stock Up 0.3 %

Shares of APLE opened at $14.38 on Wednesday. The firm has a fifty day moving average price of $14.39 and a 200-day moving average price of $14.92. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.48 billion, a P/E ratio of 16.72 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The company had revenue of $390.08 million for the quarter, compared to the consensus estimate of $388.82 million. Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 annualized dividend and a yield of 6.68%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 111.63%.

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 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.