Inspire Advisors LLC Has $203,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Inspire Advisors LLC raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 13.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,380 shares of the real estate investment trust’s stock after buying an additional 1,511 shares during the period. Inspire Advisors LLC’s holdings in Apple Hospitality REIT were worth $203,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Apple Hospitality REIT by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock valued at $542,574,000 after purchasing an additional 2,476,241 shares during the last quarter. Norges Bank acquired a new stake in Apple Hospitality REIT during the 4th quarter worth $36,260,000. Goldman Sachs Group Inc. grew its holdings in Apple Hospitality REIT by 47.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,105,783 shares of the real estate investment trust’s stock worth $34,977,000 after acquiring an additional 678,905 shares during the period. Principal Financial Group Inc. raised its position in shares of Apple Hospitality REIT by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 7,298,700 shares of the real estate investment trust’s stock valued at $119,553,000 after acquiring an additional 247,110 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in shares of Apple Hospitality REIT by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 310,624 shares of the real estate investment trust’s stock valued at $5,159,000 after purchasing an additional 150,965 shares during the period. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Trading Up 2.2 %

NYSE:APLE opened at $15.07 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48. Apple Hospitality REIT, Inc. has a twelve month low of $13.95 and a twelve month high of $17.90. The company has a market cap of $3.65 billion, a P/E ratio of 17.52 and a beta of 1.11. The business has a 50 day moving average price of $14.48 and a two-hundred day moving average price of $15.52.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The business had revenue of $329.51 million during the quarter, compared to the consensus estimate of $324.68 million. During the same period last year, the business posted $0.34 EPS. As a group, analysts expect that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.08 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.96 annualized dividend and a dividend yield of 6.37%. Apple Hospitality REIT’s dividend payout ratio is presently 111.63%.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $14.78 per share, for a total transaction of $73,900.00. Following the completion of the acquisition, the chairman now owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wedbush assumed coverage on Apple Hospitality REIT in a report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price target for the company. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and an average price target of $17.40.

Apple Hospitality REIT 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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.