Apple Hospitality REIT, Inc. (NYSE:APLE) Position Boosted by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 21.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,716 shares of the real estate investment trust’s stock after purchasing an additional 2,059 shares during the period. Blue Trust Inc.’s holdings in Apple Hospitality REIT were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of Apple Hospitality REIT in the second quarter worth about $26,000. Quarry LP boosted its holdings in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,290 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 780 shares during the period. Covestor Ltd boosted its holdings in shares of 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 worth $71,000 after buying an additional 2,313 shares during the period. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Apple Hospitality REIT by 45.6% in the first quarter. Fortis Group Advisors LLC now owns 4,349 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 1,363 shares during the period. Institutional investors own 89.66% of the company’s stock.

Analysts Set New Price Targets

APLE has been the subject of several recent analyst reports. Wells Fargo & Company decreased 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. Oppenheimer restated an “outperform” rating and set a $17.00 price target on shares of Apple Hospitality REIT in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $16.25.

Apple Hospitality REIT Stock Performance

APLE stock opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $3.61 billion, a P/E ratio of 17.31 and a beta of 1.12. The firm has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $14.65. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). The company had revenue of $390.08 million for the quarter, compared to analyst estimates 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 prior year, the business posted $0.49 earnings per share. Research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.45%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s payout ratio is presently 111.63%.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $14.04 per share, with a total value of $70,200.00. Following the completion of the transaction, the chairman now owns 636,990 shares in the company, valued at $8,943,339.60. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Apple Hospitality REIT 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.