Apple Hospitality REIT Inc (NYSE:APLE) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.33.
A number of equities analysts have recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research note on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a research note on Friday, January 12th. Zacks Investment Research raised Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, January 12th. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, TheStreet raised Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th.
Shares of Apple Hospitality REIT (NYSE:APLE) opened at $18.17 on Tuesday. Apple Hospitality REIT has a 1 year low of $17.49 and a 1 year high of $20.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $4,177.93, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.12 and a beta of 0.55.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Friday, February 2nd will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Thursday, February 1st. Apple Hospitality REIT’s payout ratio is currently 118.81%.
In other news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now directly owns 10,046,357 shares of the company’s stock, valued at approximately $192,689,127.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Apple Hospitality REIT by 132.3% in the 4th quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 3,120 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares in the last quarter. Parametrica Management Ltd purchased a new position in Apple Hospitality REIT during the third quarter worth $204,000. Advisor Group Inc. increased its position in Apple Hospitality REIT by 18.2% during the second quarter. Advisor Group Inc. now owns 11,040 shares of the real estate investment trust’s stock worth $206,000 after buying an additional 1,698 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Apple Hospitality REIT by 67.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,071 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 4,468 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.
Apple Hospitality REIT Company Profile
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 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.
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