232,319 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Purchased by Masterton Capital Management LP

Masterton Capital Management LP bought a new stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 232,319 shares of the real estate investment trust’s stock, valued at approximately $3,378,000. Apple Hospitality REIT accounts for 2.4% of Masterton Capital Management LP’s portfolio, making the stock its 15th largest holding. Masterton Capital Management LP owned approximately 0.10% of Apple Hospitality REIT as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Securities Inc. purchased a new stake in Apple Hospitality REIT in the fourth quarter worth approximately $26,000. EdgeRock Capital LLC purchased a new position in shares of Apple Hospitality REIT in the 2nd quarter worth $26,000. YHB Investment Advisors Inc. bought a new stake in shares of Apple Hospitality REIT in the first quarter worth $37,000. Fortis Group Advisors LLC increased its position in Apple Hospitality REIT by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Apple Hospitality REIT by 115.6% in the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,313 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Down 1.1 %

NYSE APLE opened at $15.18 on Tuesday. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.68 billion, a P/E ratio of 17.65 and a beta of 1.12. The stock’s 50-day moving average price is $14.45 and its 200-day moving average price is $14.87.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The firm had revenue of $390.08 million for the quarter, compared to the consensus estimate of $388.82 million. Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. During the same quarter in the previous year, the business posted $0.49 EPS. On average, equities research analysts predict 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 announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Monday, September 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $14.04 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the chairman now directly owns 636,990 shares of the company’s stock, valued at $8,943,339.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APLE shares. Oppenheimer cut their price target on 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. Wedbush began coverage on shares of Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of “Hold” and an average target price of $16.25.

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.