Signition LP Takes Position in Apple Hospitality REIT Inc (APLE)

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Signition LP bought a new position in shares of Apple Hospitality REIT Inc (NYSE:APLE) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,381 shares of the real estate investment trust’s stock, valued at approximately $182,000.

Several other institutional investors also recently made changes to their positions in the company. Commonwealth Bank of Australia grew its holdings in shares of Apple Hospitality REIT by 70.2% during the second quarter. Commonwealth Bank of Australia now owns 9,193 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 3,793 shares in the last quarter. Howe & Rusling Inc. purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at $168,000. NumerixS Investment Technologies Inc purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at $169,000. US Bancorp DE grew its holdings in shares of Apple Hospitality REIT by 98.9% during the second quarter. US Bancorp DE now owns 9,872 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 4,908 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at $177,000. 57.15% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on APLE shares. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, September 7th. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, B. Riley upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Apple Hospitality REIT has an average rating of “Hold” and an average target price of $20.25.

In related news, Director Blythe J. Mcgarvie purchased 11,500 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $17.32 per share, for a total transaction of $199,180.00. Following the purchase, the director now owns 9,744 shares in the company, valued at approximately $168,766.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin G. Knight purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of $17.65 per share, with a total value of $105,900.00. Following the purchase, the insider now owns 1,109,681 shares in the company, valued at approximately $19,585,869.65. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 33,657 shares of company stock valued at $588,035. 6.30% of the stock is currently owned by corporate insiders.

Shares of NYSE APLE opened at $15.78 on Wednesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.14. Apple Hospitality REIT Inc has a one year low of $15.67 and a one year high of $20.19. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.88 and a beta of 0.69.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.21). The firm had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $340.17 million. Apple Hospitality REIT had a net margin of 13.55% and a return on equity of 4.80%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. On average, equities research analysts anticipate that Apple Hospitality REIT Inc will post 1.71 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, November 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 7.60%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 68.97%.

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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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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