Teacher Retirement System of Texas raised its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,151 shares of the real estate investment trust’s stock after buying an additional 55,336 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Apple Hospitality REIT worth $3,121,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in APLE. US Bancorp DE raised its stake in shares of Apple Hospitality REIT by 132.3% in the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 3,120 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Apple Hospitality REIT by 7.5% in 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 purchasing an additional 494 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of Apple Hospitality REIT in the third quarter worth $204,000. Public Employees Retirement Association of Colorado raised its stake in shares of Apple Hospitality REIT by 67.7% in 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 purchasing an additional 4,468 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Apple Hospitality REIT in the second quarter worth $243,000. Institutional investors and hedge funds own 54.51% of the company’s stock.
In related news, Chairman Glade M. Knight purchased 5,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $17.10 per share, with a total value of $99,180.00. Following the completion of the acquisition, the chairman now owns 10,052,157 shares of the company’s stock, valued at approximately $171,891,884.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Redd Hugh purchased 5,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were bought at an average cost of $16.89 per share, with a total value of $84,450.00. The disclosure for this purchase can be found here. Insiders have acquired 26,391 shares of company stock valued at $449,768 in the last three months. 6.30% of the stock is currently owned by corporate insiders.
Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $289.07 million during the quarter, compared to analysts’ expectations of $288.75 million. Apple Hospitality REIT had a return on equity of 5.19% and a net margin of 14.73%. Apple Hospitality REIT’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. equities research analysts anticipate that Apple Hospitality REIT Inc will post 1.74 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 1st. Apple Hospitality REIT’s dividend payout ratio is presently 146.34%.
Several research analysts have recently weighed in on APLE shares. Barclays restated an “equal weight” rating and issued a $20.00 price target (down previously from $21.00) on shares of Apple Hospitality REIT in a research note on Tuesday, February 27th. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on Apple Hospitality REIT in a research report on Friday, January 12th. They set a “sector weight” rating for the company. Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, TheStreet upgraded Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.20.
COPYRIGHT VIOLATION WARNING: “Apple Hospitality REIT Inc (APLE) Stake Boosted by Teacher Retirement System of Texas” was published by BBNS and is owned by of BBNS. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://baseballnewssource.com/2018/03/14/teacher-retirement-system-of-texas-boosts-stake-in-apple-hospitality-reit-inc-aple/1890388.html.
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 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.
Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.