Sei Investments Co. Has $700,000 Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Sei Investments Co. decreased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 79.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,159 shares of the real estate investment trust’s stock after selling 182,492 shares during the quarter. Sei Investments Co.’s holdings in Apple Hospitality REIT were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of APLE. EdgeRock Capital LLC acquired a new stake in shares of Apple Hospitality REIT during the 2nd quarter valued at $26,000. YHB Investment Advisors Inc. acquired a new stake in Apple Hospitality REIT during the first quarter valued at $37,000. Fortis Group Advisors LLC grew its stake in Apple Hospitality REIT by 100.0% in 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 purchasing an additional 1,493 shares in the last quarter. Covestor Ltd increased its position in Apple Hospitality REIT by 115.6% in the 1st quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,313 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 5,420 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.04 per share, with a total value of $70,200.00. Following the transaction, the chairman now directly owns 636,990 shares in the company, valued at approximately $8,943,339.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on 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. Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus target price of $16.25.

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE opened at $15.18 on Wednesday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 17.65 and a beta of 1.12. The business has a 50-day moving average of $14.45 and a two-hundred day moving average of $14.75. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75.

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

Apple Hospitality REIT Announces Dividend

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 $0.08 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.33%. Apple Hospitality REIT’s payout ratio is presently 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.