Asset Management One Co. Ltd. Boosts Holdings in Apple Hospitality REIT Inc (APLE)

Asset Management One Co. Ltd. raised its stake in Apple Hospitality REIT Inc (NYSE:APLE) by 26.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 548,023 shares of the real estate investment trust’s stock after acquiring an additional 114,952 shares during the quarter. Asset Management One Co. Ltd. owned about 0.25% of Apple Hospitality REIT worth $10,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $2,145,000. State of Wisconsin Investment Board grew its position in shares of Apple Hospitality REIT by 27.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 41,842 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 9,030 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $1,662,000. QS Investors LLC grew its position in shares of Apple Hospitality REIT by 383.1% during the 2nd quarter. QS Investors LLC now owns 39,209 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 31,093 shares during the period. Finally, Morgan Stanley grew its position in shares of Apple Hospitality REIT by 31.1% during the 1st quarter. Morgan Stanley now owns 88,526 shares of the real estate investment trust’s stock worth $1,692,000 after buying an additional 20,987 shares during the period. Hedge funds and other institutional investors own 50.91% of the company’s stock.

In other news, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $19.18 per share, with a total value of $95,900.00. Following the purchase, the insider now directly owns 10,046,357 shares of the company’s stock, valued at $192,689,127.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is owned by company insiders.

Several equities research analysts have recently commented on APLE shares. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday, December 8th. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, B. Riley reiterated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.67.

Apple Hospitality REIT Inc (NYSE:APLE) opened at $19.85 on Friday. Apple Hospitality REIT Inc has a one year low of $17.49 and a one year high of $20.68. The firm has a market cap of $4,426.65, a P/E ratio of 11.34, a P/E/G ratio of 2.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, December 4th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.05%. The ex-dividend date is Friday, December 1st. Apple Hospitality REIT’s payout ratio is 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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