Tudor Investment Corp ET AL Sells 11,595 Shares of Apple Hospitality REIT, Inc. (APLE)

Tudor Investment Corp ET AL reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 28.6% during the first quarter, Holdings Channel reports. The firm owned 28,929 shares of the real estate investment trust’s stock after selling 11,595 shares during the period. Tudor Investment Corp ET AL’s holdings in Apple Hospitality REIT were worth $553,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Apple Hospitality REIT by 273.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 992,931 shares of the real estate investment trust’s stock valued at $19,839,000 after buying an additional 726,727 shares during the period. Renaissance Technologies LLC raised its stake in shares of Apple Hospitality REIT by 1,452.8% in the fourth quarter. Renaissance Technologies LLC now owns 358,700 shares of the real estate investment trust’s stock worth $7,167,000 after buying an additional 335,600 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Apple Hospitality REIT by 1.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,277 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 220 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Apple Hospitality REIT by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 225,887 shares of the real estate investment trust’s stock worth $4,513,000 after buying an additional 3,201 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Apple Hospitality REIT by 14.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,880 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 2,362 shares during the last quarter. 47.80% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT, Inc. (NYSE:APLE) opened at 18.59 on Monday. The stock has a market cap of $4.15 billion, a P/E ratio of 26.15 and a beta of 0.61. The company has a 50-day moving average price of $18.95 and a 200 day moving average price of $19.39. Apple Hospitality REIT, Inc. has a 1-year low of $17.32 and a 1-year high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $292.90 million for the quarter, compared to analysts’ expectations of $291.05 million. Apple Hospitality REIT had a return on equity of 4.38% and a net margin of 13.01%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. Equities analysts expect that Apple Hospitality REIT, Inc. will post $0.97 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, June 29th. Apple Hospitality REIT’s dividend payout ratio is presently 166.67%.

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A number of equities analysts have issued reports on the company. BidaskClub downgraded Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Wells Fargo & Company assumed coverage on Apple Hospitality REIT in a research note on Wednesday, May 3rd. They set a “market perform” rating for the company. FBR & Co reiterated a “hold” rating on shares of Apple Hospitality REIT in a research note on Saturday, May 6th. Robert W. Baird reiterated an “outperform” rating and set a $21.00 price target on shares of Apple Hospitality REIT in a research note on Thursday, April 6th. Finally, Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Apple Hospitality REIT has an average rating of “Hold” and a consensus target price of $19.40.

In related news, insider Justin G. Knight purchased 5,400 shares of Apple Hospitality REIT stock in a transaction on Tuesday, June 6th. The shares were bought at an average cost of $18.64 per share, for a total transaction of $100,656.00. Following the acquisition, the insider now owns 1,005,274 shares in the company, valued at approximately $18,738,307.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glade M. Knight purchased 3,000 shares of Apple Hospitality REIT stock in a transaction on Friday, May 12th. The stock was bought at an average price of $18.51 per share, for a total transaction of $55,530.00. Following the completion of the acquisition, the insider now owns 10,015,957 shares in the company, valued at approximately $185,395,364.07. The disclosure for this purchase can be found here. Insiders have bought a total of 13,800 shares of company stock worth $258,732 in the last quarter. Corporate insiders own 6.40% of the company’s stock.

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.

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT, Inc. (NYSE:APLE).

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

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