SG Americas Securities LLC Has $252,000 Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

SG Americas Securities LLC grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 100.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,963 shares of the real estate investment trust’s stock after purchasing an additional 8,485 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APLE. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Apple Hospitality REIT by 13.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 65,000 shares of the real estate investment trust’s stock valued at $1,079,000 after purchasing an additional 7,600 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake 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 valued at $497,000 after purchasing an additional 859 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Apple Hospitality REIT by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,598 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 1,357 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Apple Hospitality REIT by 150.8% in the fourth quarter. Quadrature Capital Ltd now owns 26,726 shares of the real estate investment trust’s stock valued at $444,000 after buying an additional 16,071 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Apple Hospitality REIT by 13.6% in the first quarter. Sound Income Strategies LLC now owns 617,922 shares of the real estate investment trust’s stock valued at $10,122,000 after buying an additional 74,066 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE opened at $15.00 on Tuesday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 17.44 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $17.90. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $14.61 and a two-hundred day moving average price of $14.67.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $0.49 earnings per share. Equities analysts predict that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.40%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Analyst Ratings Changes

A number of research analysts recently issued reports 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 report on Friday, September 13th. Oppenheimer reaffirmed an “outperform” rating and issued 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.25.

Insider Activity

In related news, Chairman Glade M. Knight purchased 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 directly owns 636,990 shares in the company, valued at $8,943,339.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is currently owned by company insiders.

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.