Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have earned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.00.

Several equities research analysts have commented on APLE shares. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Robert W. Baird reiterated an “outperform” rating and issued a $21.00 price objective on shares of Apple Hospitality REIT in a research report on Tuesday, July 4th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $19.00 price objective (down from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th.

Apple Hospitality REIT (NYSE APLE) opened at 18.34 on Friday. The firm’s 50-day moving average is $18.08 and its 200 day moving average is $18.76. Apple Hospitality REIT has a 12-month low of $17.32 and a 12-month high of $20.68. The stock has a market capitalization of $4.09 billion, a P/E ratio of 22.26 and a beta of 0.60.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01. The firm had revenue of $331.70 million during the quarter, compared to analyst estimates of $335.94 million. Apple Hospitality REIT had a net margin of 14.97% and a return on equity of 5.05%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities analysts expect that Apple Hospitality REIT will post $0.98 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a $0.10 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. Apple Hospitality REIT’s dividend payout ratio is presently 150.00%.

In other news, Director Redd Hugh bought 2,000 shares of Apple Hospitality REIT stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $17.96 per share, for a total transaction of $35,920.00. Following the acquisition, the director now owns 59,495 shares in the company, valued at $1,068,530.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Glade M. Knight bought 20,000 shares of Apple Hospitality REIT stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $17.62 per share, for a total transaction of $352,400.00. Following the completion of the acquisition, the chairman now owns 10,041,357 shares in the company, valued at approximately $176,928,710.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 45,000 shares of company stock worth $794,950. 6.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Apple Hospitality REIT by 0.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,820 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 197 shares during the last quarter. Stevens Capital Management LP increased its stake in shares of Apple Hospitality REIT by 0.4% during the 1st quarter. Stevens Capital Management LP now owns 53,875 shares of the real estate investment trust’s stock valued at $1,029,000 after acquiring an additional 235 shares during the last quarter. National Asset Management Inc. increased its stake in shares of Apple Hospitality REIT by 1.0% during the 1st quarter. National Asset Management Inc. now owns 35,627 shares of the real estate investment trust’s stock valued at $682,000 after acquiring an additional 348 shares during the last quarter. Bruderman Asset Management LLC increased its stake in shares of Apple Hospitality REIT by 3.7% during the 1st quarter. Bruderman Asset Management LLC now owns 10,361 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 372 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 4.2% during the 2nd quarter. SG Americas Securities LLC now owns 11,771 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 471 shares during the last quarter. 49.18% of the stock is owned by institutional investors.

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About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

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