Apple Hospitality REIT Inc (NYSE:APLE) insider Glade M. Knight bought 10,000 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were bought at an average price of $17.63 per share, with a total value of $176,300.00. Following the completion of the purchase, the insider now owns 10,098,933 shares in the company, valued at approximately $178,044,188.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of APLE traded down $0.10 during midday trading on Friday, hitting $17.61. 921,088 shares of the company traded hands, compared to its average volume of 983,718. Apple Hospitality REIT Inc has a 52 week low of $16.72 and a 52 week high of $20.19. The company has a market capitalization of $4.04 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.03 and a beta of 0.64. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). Apple Hospitality REIT had a net margin of 13.55% and a return on equity of 4.80%. The company had revenue of $344.70 million for the quarter, compared to the consensus estimate of $347.27 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts expect that Apple Hospitality REIT Inc will post 1.73 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 17th. Stockholders of record on Tuesday, September 4th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Friday, August 31st. Apple Hospitality REIT’s dividend payout ratio is 68.97%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Apple Hospitality REIT in the 2nd quarter worth about $644,000. Public Employees Retirement System of Ohio raised its position in Apple Hospitality REIT by 2.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 419,021 shares of the real estate investment trust’s stock worth $7,492,000 after purchasing an additional 8,175 shares during the period. Jane Street Group LLC purchased a new stake in Apple Hospitality REIT in the 2nd quarter worth about $284,000. Forsta AP Fonden raised its position in Apple Hospitality REIT by 76.9% in the 2nd quarter. Forsta AP Fonden now owns 46,700 shares of the real estate investment trust’s stock worth $835,000 after purchasing an additional 20,300 shares during the period. Finally, Millennium Management LLC raised its position in Apple Hospitality REIT by 66.5% in the 2nd quarter. Millennium Management LLC now owns 1,980,280 shares of the real estate investment trust’s stock worth $35,407,000 after purchasing an additional 791,220 shares during the period. Hedge funds and other institutional investors own 56.56% of the company’s stock.

APLE has been the subject of a number of research reports. ValuEngine lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. B. Riley raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, August 8th. Finally, Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.25.

About Apple Hospitality REIT

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 30,700 guest rooms located in 88 markets throughout 34 states.

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