Insider Buying: Apple Hospitality REIT Inc (NYSE:APLE) Insider Purchases 5,000 Shares of Stock

Apple Hospitality REIT Inc (NYSE:APLE) insider Glade M. Knight purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of $15.39 per share, for a total transaction of $76,950.00. Following the completion of the transaction, the insider now owns 10,133,812 shares of the company’s stock, valued at approximately $155,959,366.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of APLE traded up $0.12 during mid-day trading on Tuesday, reaching $15.75. The company had a trading volume of 1,411,866 shares, compared to its average volume of 1,170,681. The business’s 50 day moving average price is $15.60. Apple Hospitality REIT Inc has a 1-year low of $13.81 and a 1-year high of $17.99. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.53 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Apple Hospitality REIT had a net margin of 15.44% and a return on equity of 5.75%. The business had revenue of $341.12 million for the quarter, compared to the consensus estimate of $340.44 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that Apple Hospitality REIT Inc will post 1.65 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, August 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.20 annualized dividend and a yield of 7.62%. Apple Hospitality REIT’s dividend payout ratio is presently 69.77%.

Several equities analysts have commented on APLE shares. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Barclays raised shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Monday. Capital One Financial started coverage on shares of Apple Hospitality REIT in a report on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 target price on the stock. Finally, ValuEngine raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.25.

A number of large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new position in shares of Apple Hospitality REIT in the 1st quarter worth approximately $37,000. AGF Investments LLC increased its stake in shares of Apple Hospitality REIT by 72.9% in the 2nd quarter. AGF Investments LLC now owns 2,471 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,042 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Apple Hospitality REIT by 353.3% in the 1st quarter. Quadrant Capital Group LLC now owns 3,400 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 2,650 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Apple Hospitality REIT by 1,255.2% in the 1st quarter. Enterprise Financial Services Corp now owns 3,930 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 3,640 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake in shares of Apple Hospitality REIT by 116.5% in the 2nd quarter. Altshuler Shaham Ltd now owns 5,705 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 3,070 shares in the last quarter. Institutional investors and hedge funds own 56.90% of the company’s stock.

About Apple Hospitality REIT

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 30,800 guest rooms located in 88 markets throughout 34 states.

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Insider Buying and Selling by Quarter for Apple Hospitality REIT (NYSE:APLE)

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