Apple Hospitality REIT, Inc. (NYSE:APLE) Announces Monthly Dividend of $0.08

Apple Hospitality REIT, Inc. (NYSE:APLE) declared a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be given a dividend of 0.08 per share by the real estate investment trust on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, February 27th.

Apple Hospitality REIT has decreased its dividend payment by an average of 0.0%per year over the last three years. Apple Hospitality REIT has a dividend payout ratio of 124.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Apple Hospitality REIT to earn $1.62 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 59.3%.

Apple Hospitality REIT Stock Up 0.3%

Shares of NYSE APLE traded up $0.04 during mid-day trading on Tuesday, reaching $12.31. 1,815,932 shares of the company’s stock traded hands, compared to its average volume of 2,363,536. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50-day simple moving average of $12.13 and a 200 day simple moving average of $12.04. The stock has a market cap of $2.91 billion, a P/E ratio of 16.86 and a beta of 0.84. Apple Hospitality REIT has a 1-year low of $10.44 and a 1-year high of $15.44.

Insider Buying and Selling at Apple Hospitality REIT

In related news, Chairman Glade M. Knight purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $11.91 per share, for a total transaction of $59,550.00. Following the purchase, the chairman directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Apple Hospitality REIT

Several institutional investors and hedge funds have recently bought and sold shares of APLE. State Street Corp grew its stake in Apple Hospitality REIT by 0.5% during the fourth quarter. State Street Corp now owns 12,962,856 shares of the real estate investment trust’s stock valued at $154,627,000 after acquiring an additional 68,794 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Apple Hospitality REIT by 1.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 7,107,802 shares of the real estate investment trust’s stock valued at $84,227,000 after purchasing an additional 127,327 shares during the period. UBS Group AG boosted its holdings in Apple Hospitality REIT by 60.8% in the 4th quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock valued at $55,950,000 after purchasing an additional 1,786,018 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Apple Hospitality REIT by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,714,872 shares of the real estate investment trust’s stock valued at $55,871,000 after purchasing an additional 125,759 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Apple Hospitality REIT in the fourth quarter worth $40,950,000. 89.66% of the stock is owned by institutional investors.

About Apple Hospitality REIT

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.