Apple Hospitality REIT, Inc. (NYSE:APLE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Apple Hospitality REIT, Inc. (NYSE:APLE) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.9167.

A number of brokerages recently issued reports on APLE. Barclays initiated coverage on shares of Apple Hospitality REIT in a report on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Finally, Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Tuesday, November 4th.

Insiders Place Their Bets

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $11.91 per share, with a total value of $59,550.00. Following the completion of the acquisition, the chairman owned 710,344 shares of the company’s stock, valued at $8,460,197.04. This trade represents a 0.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 8,000 shares of company stock valued at $95,180. 7.10% of the stock is owned by corporate insiders.

Institutional Trading of Apple Hospitality REIT

A number of hedge funds have recently made changes to their positions in APLE. Private Advisor Group LLC increased its position in shares of Apple Hospitality REIT by 7.9% during the 3rd quarter. Private Advisor Group LLC now owns 13,883 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,022 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Apple Hospitality REIT by 1.4% during the second quarter. MML Investors Services LLC now owns 80,287 shares of the real estate investment trust’s stock worth $937,000 after acquiring an additional 1,100 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Apple Hospitality REIT by 3.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 34,474 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 1,143 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Apple Hospitality REIT by 16.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,316 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Apple Hospitality REIT by 22.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,440 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 1,202 shares during the period. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Up 1.2%

Apple Hospitality REIT stock opened at $11.78 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a market cap of $2.79 billion, a PE ratio of 16.13 and a beta of 0.84. Apple Hospitality REIT has a fifty-two week low of $10.44 and a fifty-two week high of $15.86. The firm’s 50-day simple moving average is $12.05 and its 200 day simple moving average is $12.06.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Apple Hospitality REIT had a return on equity of 5.46% and a net margin of 12.37%.The company had revenue of $373.88 million for the quarter, compared to analysts’ expectations of $371.94 million. Research analysts predict that Apple Hospitality REIT will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be issued a $0.08 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Friday, January 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 131.51%.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.