Universal Beteiligungs und Servicegesellschaft mbH Purchases 65,438 Shares of Apple Hospitality REIT, Inc. $APLE

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 22.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 359,649 shares of the real estate investment trust’s stock after purchasing an additional 65,438 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Apple Hospitality REIT worth $4,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APLE. Hantz Financial Services Inc. raised its stake in shares of Apple Hospitality REIT by 12,230.0% in the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,446 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Apple Hospitality REIT by 295.9% in the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,814 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Apple Hospitality REIT by 444.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,280 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Apple Hospitality REIT by 1,375.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Apple Hospitality REIT by 97.5% in the second quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,872 shares during the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Trading Down 2.7%

Shares of APLE opened at $11.89 on Wednesday. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.01. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.28 and a beta of 0.85. The company has a 50-day moving average of $12.04 and a 200 day moving average of $12.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.06 and a quick ratio of 0.06.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $373.88 million for the quarter, compared to the consensus estimate of $371.94 million. Apple Hospitality REIT had a net margin of 12.37% and a return on equity of 5.46%. On average, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, January 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 131.51%.

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 dated Thursday, December 11th. The shares were acquired at an average cost of $11.91 per share, with a total value of $59,550.00. Following the completion of the transaction, the chairman owned 710,344 shares in the company, valued at approximately $8,460,197.04. This trade represents a 0.71% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 8,000 shares of company stock worth $95,180 over the last three months. Corporate insiders own 7.10% of the company’s stock.

Analyst Ratings Changes

APLE has been the topic of several recent research reports. Barclays initiated coverage on shares of Apple Hospitality REIT in a research report on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 price target on the stock. Cantor Fitzgerald assumed coverage on Apple Hospitality REIT in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. Robert W. Baird cut their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Wells Fargo & Company raised shares of Apple Hospitality REIT to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus price target of $12.92.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.