Apple Hospitality REIT Inc (APLE) Stake Boosted by Macquarie Group Ltd.

Macquarie Group Ltd. lifted its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,700 shares of the real estate investment trust’s stock after acquiring an additional 2,900 shares during the period. Macquarie Group Ltd.’s holdings in Apple Hospitality REIT were worth $1,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group bought a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at approximately $102,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Apple Hospitality REIT by 26.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,393 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Apple Hospitality REIT by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 494 shares during the period. IMS Capital Management purchased a new position in Apple Hospitality REIT during the 2nd quarter worth $140,000. Finally, Ffcm LLC increased its holdings in Apple Hospitality REIT by 353.1% during the 2nd quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 6,526 shares during the period. 50.91% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Glade M. Knight bought 5,000 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now directly owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley reissued a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $19.00 price target (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.67.

Apple Hospitality REIT Inc (APLE) opened at $19.74 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. Apple Hospitality REIT Inc has a 52 week low of $17.49 and a 52 week high of $20.68. The firm has a market capitalization of $4,389.84, a PE ratio of 11.25, a P/E/G ratio of 2.26 and a beta of 0.62.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to analyst estimates of $324.66 million. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. Apple Hospitality REIT’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. research analysts forecast that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s dividend payout ratio is currently 118.81%.

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About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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