Axa S.A. Invests $630,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

Axa S.A. acquired a new position in 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 (SEC). The firm acquired 43,352 shares of the real estate investment trust’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EdgeRock Capital LLC bought a new position in shares of Apple Hospitality REIT during the 2nd quarter worth about $26,000. YHB Investment Advisors Inc. bought a new position in Apple Hospitality REIT during the first quarter valued at about $37,000. Fortis Group Advisors LLC increased its stake 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 period. Covestor Ltd raised its holdings 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 valued at $71,000 after acquiring an additional 2,313 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of 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 acquiring an additional 5,420 shares during the period. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 0.3 %

Shares of APLE stock opened at $14.80 on Wednesday. The company has a market capitalization of $3.59 billion, a P/E ratio of 17.21 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. 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 firm has a 50-day moving average price of $14.45 and a 200 day moving average price of $14.81.

Apple Hospitality REIT (NYSE:APLE) last posted 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 net margin of 14.91% and a return on equity of 6.30%. The firm had revenue of $390.08 million during the quarter, compared to the consensus estimate of $388.82 million. During the same quarter last year, the firm posted $0.49 EPS. Research analysts forecast that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.49%. The ex-dividend date is Monday, September 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APLE shares. Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Oppenheimer dropped 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.25.

Insider Buying and Selling

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

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.