GAMMA Investing LLC Boosts Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

GAMMA Investing LLC lifted its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 40.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,712 shares of the real estate investment trust’s stock after buying an additional 780 shares during the period. GAMMA Investing LLC’s holdings in Apple Hospitality REIT were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Amalgamated Bank raised its position in Apple Hospitality REIT by 1.2% in the second quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 813 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Apple Hospitality REIT by 3.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 29,662 shares of the real estate investment trust’s stock worth $497,000 after purchasing an additional 859 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Apple Hospitality REIT by 1.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 63,506 shares of the real estate investment trust’s stock valued at $986,000 after purchasing an additional 1,050 shares during the last quarter. United Services Automobile Association grew its holdings in Apple Hospitality REIT by 7.6% during the second quarter. United Services Automobile Association now owns 15,408 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,094 shares during the period. Finally, Aurora Investment Counsel increased its position in Apple Hospitality REIT by 4.5% in the first quarter. Aurora Investment Counsel now owns 26,799 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 1,156 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Apple Hospitality REIT in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.25.

Apple Hospitality REIT Price Performance

Apple Hospitality REIT stock opened at $15.23 on Friday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 17.70 and a beta of 1.12. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year 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. The business has a fifty day moving average price of $14.54 and a 200-day moving average price of $14.71.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data 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). The business had revenue of $390.08 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.49 EPS. As a group, equities research analysts forecast that Apple Hospitality REIT, Inc. will post 1.61 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.31%. Apple Hospitality REIT’s payout ratio is 111.63%.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired 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 of the company’s stock, valued at approximately $8,943,339.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by insiders.

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.