PFG Investments LLC lessened its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 5.7% within the 2nd quarter, in accordance with its most up-to-date Type 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 12,050 shares of the actual property funding belief’s inventory after promoting 725 shares through the quarter. PFG Investments LLC’s holdings in Apple Hospitality REIT had been price $175,000 on the finish of the latest quarter.
Different hedge funds have additionally lately modified their holdings of the corporate. B. Riley Wealth Advisors Inc. elevated its place in Apple Hospitality REIT by 3.0% through the 4th quarter. B. Riley Wealth Advisors Inc. now owns 29,662 shares of the actual property funding belief’s inventory price $497,000 after buying a further 859 shares through the interval. State Board of Administration of Florida Retirement System raised its place in Apple Hospitality REIT by 1.7% within the first quarter. State Board of Administration of Florida Retirement System now owns 63,506 shares of the actual property funding belief’s inventory price $986,000 after buying a further 1,050 shares within the final quarter. Aurora Funding Counsel raised its place in Apple Hospitality REIT by 4.5% within the first quarter. Aurora Funding Counsel now owns 26,799 shares of the actual property funding belief’s inventory price $439,000 after buying a further 1,156 shares within the final quarter. Blue Belief Inc. grew its holdings in Apple Hospitality REIT by 15.5% within the second quarter. Blue Belief Inc. now owns 9,657 shares of the actual property funding belief’s inventory valued at $140,000 after buying a further 1,299 shares over the last quarter. Lastly, PNC Monetary Providers Group Inc. boosted its place in shares of Apple Hospitality REIT by 5.4% within the 4th quarter. PNC Monetary Providers Group Inc. now owns 26,598 shares of the actual property funding belief’s inventory price $442,000 after shopping for a further 1,357 shares within the final quarter. 89.66% of the inventory is owned by institutional traders and hedge funds.
Apple Hospitality REIT Value Efficiency
APLE inventory opened at $14.28 on Friday. The corporate has a market cap of $3.46 billion, a PE ratio of 16.60 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month excessive of $17.90. The corporate has a present ratio of 0.75, a fast ratio of 0.75 and a debt-to-equity ratio of 0.46. The inventory has a 50-day shifting common value of $14.39 and a two-hundred day shifting common value of $14.94.
Apple Hospitality REIT (NYSE:APLE – Get Free Report) final issued its quarterly earnings information on Monday, August fifth. The true property funding belief reported $0.31 EPS for the quarter, lacking analysts’ consensus estimates of $0.44 by ($0.13). The agency had income of $390.08 million through the quarter, in comparison with analyst estimates of $388.82 million. Apple Hospitality REIT had a return on fairness of 6.30% and a web margin of 14.91%. Throughout the identical quarter within the prior yr, the agency earned $0.49 EPS. As a gaggle, analysis analysts predict that Apple Hospitality REIT, Inc. will publish 1.61 EPS for the present yr.
Apple Hospitality REIT Broadcasts Dividend
The enterprise additionally lately declared a month-to-month dividend, which shall be paid on Monday, September sixteenth. Stockholders of report on Friday, August thirtieth shall be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized foundation and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, August thirtieth. Apple Hospitality REIT’s payout ratio is 111.63%.
Analyst Scores Adjustments
A number of analysts have issued experiences on the inventory. Wedbush began protection on shares of Apple Hospitality REIT in a report on Monday, June third. They issued a “impartial” ranking and a $15.00 value goal on the inventory. Wells Fargo & Firm dropped their value goal on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” ranking for the corporate in a analysis report on Friday. Lastly, Oppenheimer diminished their value goal on Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” ranking on the inventory in a analysis report on Monday, August twelfth. 5 funding analysts have rated the inventory with a maintain ranking and one has assigned a purchase ranking to the corporate. In line with MarketBeat.com, the inventory presently has a median ranking of “Maintain” and a median value goal of $16.25.
View Our Newest Inventory Report on Apple Hospitality REIT
Insider Shopping for and Promoting at Apple Hospitality REIT
In associated information, Chairman Glade M. Knight acquired 5,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, August eighth. The shares had been 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 straight owns 636,990 shares within the firm, valued at $8,943,339.60. The acquisition was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. 6.80% of the inventory is at present owned by firm 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 inns in the US. Apple Hospitality’s portfolio consists of 223 inns 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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