AlphaMark Advisors LLC Raises Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

AlphaMark Advisors LLC increased its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,664 shares of the real estate investment trust’s stock after acquiring an additional 2,333 shares during the period. AlphaMark Advisors LLC’s holdings in Apple Hospitality REIT were worth $300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $26,000. EdgeRock Capital LLC purchased a new stake in Apple Hospitality REIT during the 4th quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new stake in Apple Hospitality REIT during the 1st quarter worth about $37,000. GAMMA Investing LLC purchased a new stake in Apple Hospitality REIT during the 4th quarter worth about $41,000. Finally, Fortis Group Advisors LLC lifted its holdings in Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,493 shares during the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock traded up $0.01 on Friday, hitting $14.30. The stock had a trading volume of 386,772 shares, compared to its average volume of 2,106,271. Apple Hospitality REIT, Inc. has a 52-week low of $13.60 and a 52-week high of $17.90. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 16.62 and a beta of 1.11. The company’s 50 day moving average price is $14.47 and its 200 day moving average price is $15.23.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $390.08 million during the quarter, compared to analysts’ expectations of $388.82 million. Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.71%. The ex-dividend date was Wednesday, July 31st. Apple Hospitality REIT’s dividend payout ratio is presently 111.63%.

Insider Buying and Selling at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $14.04 per share, with a total value of $70,200.00. Following the purchase, the chairman now directly owns 636,990 shares in the company, valued at $8,943,339.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on APLE shares. Wedbush started coverage on Apple Hospitality REIT in a report on Monday, June 3rd. They set 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 report on Tuesday, May 7th. Finally, Oppenheimer decreased their price target on Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.00.

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.