Mackenzie Monetary Corp lowered its place in shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 1.0% within the 2nd quarter, HoldingsChannel reviews. The institutional investor owned 520,439 shares of the true property funding belief’s inventory after promoting 5,186 shares throughout the interval. Mackenzie Monetary Corp’s holdings in Apple Hospitality REIT had been price $7,567,000 on the finish of the newest reporting interval.
Various different hedge funds have additionally just lately purchased and offered shares of the corporate. Vanguard Group Inc. lifted its holdings in Apple Hospitality REIT by 3.5% within the 1st quarter. Vanguard Group Inc. now owns 35,555,550 shares of the true property funding belief’s inventory valued at $582,400,000 after buying a further 1,217,142 shares over the last quarter. Victory Capital Administration Inc. grew its place in Apple Hospitality REIT by 17.2% within the second quarter. Victory Capital Administration Inc. now owns 6,019,115 shares of the true property funding belief’s inventory price $87,518,000 after shopping for a further 881,217 shares over the last quarter. Goldman Sachs Group Inc. elevated its holdings in shares of Apple Hospitality REIT by 47.6% within the fourth quarter. Goldman Sachs Group Inc. now owns 2,105,783 shares of the true property funding belief’s inventory valued at $34,977,000 after shopping for a further 678,905 shares within the final quarter. Edgestream Companions L.P. lifted its place in shares of Apple Hospitality REIT by 400.8% throughout the 2nd quarter. Edgestream Companions L.P. now owns 638,625 shares of the true property funding belief’s inventory valued at $9,286,000 after buying a further 511,100 shares over the last quarter. Lastly, Westwood Holdings Group Inc. boosted its stake in shares of Apple Hospitality REIT by 911.1% throughout the 2nd quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the true property funding belief’s inventory price $5,648,000 after buying a further 350,000 shares within the final quarter. 89.66% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Value Targets
Various brokerages have just lately issued reviews on APLE. Wedbush started protection on Apple Hospitality REIT in a analysis report on Monday, June third. They set a “impartial” ranking and a $15.00 goal worth on the inventory. Wells Fargo & Firm decreased their goal worth on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” ranking for the corporate in a report on Friday, September thirteenth. Lastly, Oppenheimer lower their worth goal on shares of Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” ranking on the inventory in a report on Monday, August twelfth. 4 equities analysis analysts have rated the inventory with a maintain ranking and one has assigned a purchase ranking to the inventory. Based on knowledge from MarketBeat.com, Apple Hospitality REIT presently has a consensus ranking of “Maintain” and a median goal worth of $16.25.
Get Our Newest Evaluation on Apple Hospitality REIT
Apple Hospitality REIT Inventory Down 1.9 %
NYSE:APLE opened at $14.85 on Tuesday. The enterprise’s fifty day shifting common worth is $14.45 and its 200 day shifting common worth is $14.81. The agency has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.26 and a beta of 1.12. The corporate has a present ratio of 0.75, a fast ratio of 0.75 and a debt-to-equity ratio of 0.46. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year excessive of $17.90.
Apple Hospitality REIT (NYSE:APLE – Get Free Report) final issued its earnings outcomes on Monday, August fifth. The actual property funding belief reported $0.31 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.44 by ($0.13). The enterprise had income of $390.08 million throughout the quarter, in comparison with analyst estimates of $388.82 million. Apple Hospitality REIT had a web margin of 14.91% and a return on fairness of 6.30%. Throughout the identical quarter within the prior 12 months, the corporate earned $0.49 EPS. On common, sell-side analysts forecast that Apple Hospitality REIT, Inc. will put up 1.61 earnings per share for the present fiscal 12 months.
Apple Hospitality REIT Dividend Announcement
The enterprise additionally just lately introduced a month-to-month dividend, which shall be paid on Tuesday, October fifteenth. Shareholders of report on Monday, September thirtieth shall be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized foundation and a dividend yield of 6.47%. The ex-dividend date of this dividend is Monday, September thirtieth. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.
Insider Exercise
In different information, Chairman Glade M. Knight acquired 5,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, August eighth. The inventory was acquired at a median value of $14.04 per share, for a complete transaction of $70,200.00. Following the completion of the acquisition, the chairman now owns 636,990 shares within the firm, valued at $8,943,339.60. The transaction was disclosed in a submitting with the Securities & Trade Fee, which may be accessed by this hyperlink. 6.80% of the inventory is presently owned by company insiders.
About Apple Hospitality REIT
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded actual property funding belief (REIT) that owns one of many largest and most various portfolios of upscale, rooms-focused lodges in the US. Apple Hospitality’s portfolio consists of 223 lodges with greater than 29,400 visitor rooms situated in 87 markets all through 37 states in addition to one property leased to 3rd events.
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