Penserra Capital Management LLC lifted its position in Apple Hospitality REIT Inc (NYSE:APLE) by 56.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,664 shares of the real estate investment trust’s stock after purchasing an additional 1,689 shares during the quarter. Penserra Capital Management LLC’s holdings in Apple Hospitality REIT were worth $77,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd boosted its position in Apple Hospitality REIT by 159.6% during the second quarter. Point72 Hong Kong Ltd now owns 2,355 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,448 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Apple Hospitality REIT by 113.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,386 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,267 shares during the last quarter. AGF Investments LLC lifted 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 during the last quarter. Enterprise Financial Services Corp lifted its stake in shares of Apple Hospitality REIT by 180.5% in the 3rd quarter. Enterprise Financial Services Corp now owns 4,011 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 2,581 shares during the last quarter. Finally, Usca Ria LLC purchased a new stake in Apple Hospitality REIT during the 3rd quarter valued at about $67,000. Hedge funds and other institutional investors own 60.18% of the company’s stock.
Several equities analysts recently issued reports on the company. Barclays upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Monday, August 12th. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Apple Hospitality REIT presently has an average rating of “Hold” and a consensus target price of $17.67.
APLE stock opened at $15.99 on Wednesday. The firm’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $15.98. Apple Hospitality REIT Inc has a 12-month low of $13.81 and a 12-month high of $16.90. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.98 and a beta of 0.79. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47.
Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.24). The firm had revenue of $331.72 million for the quarter, compared to analysts’ expectations of $328.85 million. Apple Hospitality REIT had a return on equity of 5.37% and a net margin of 14.20%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. Equities analysts predict that Apple Hospitality REIT Inc will post 1.64 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date of this dividend is Monday, December 2nd. Apple Hospitality REIT’s payout ratio is 69.77%.
Apple Hospitality REIT Company Profile
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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