Jane Street Group LLC Acquires Shares of 42,654 Apple Hospitality REIT Inc (NYSE:APLE)

Jane Street Group LLC acquired a new stake in Apple Hospitality REIT Inc (NYSE:APLE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 42,654 shares of the real estate investment trust’s stock, valued at approximately $676,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in Apple Hospitality REIT by 63.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 55,015 shares of the real estate investment trust’s stock worth $872,000 after buying an additional 21,334 shares during the period. First Trust Advisors LP increased its holdings in shares of Apple Hospitality REIT by 16.6% in the 2nd quarter. First Trust Advisors LP now owns 964,097 shares of the real estate investment trust’s stock valued at $15,291,000 after purchasing an additional 137,223 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of Apple Hospitality REIT by 11.5% in the 2nd quarter. National Asset Management Inc. now owns 42,487 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 4,369 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Apple Hospitality REIT by 175.0% in the 2nd quarter. Schroder Investment Management Group now owns 4,771,948 shares of the real estate investment trust’s stock valued at $75,683,000 after purchasing an additional 3,036,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Apple Hospitality REIT by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,246,620 shares of the real estate investment trust’s stock valued at $51,492,000 after purchasing an additional 31,274 shares in the last quarter. 59.23% of the stock is owned by institutional investors.

In other news, Director Redd Hugh bought 2,000 shares of the stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $15.55 per share, with a total value of $31,100.00. Following the acquisition, the director now directly owns 95,154 shares in the company, valued at $1,479,644.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Jirka Rysavy bought 105,879 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average cost of $7.14 per share, with a total value of $755,976.06. In the last ninety days, insiders acquired 112,879 shares of company stock valued at $864,026. Insiders own 6.50% of the company’s stock.

APLE has been the subject of a number of research analyst reports. Capital One Financial initiated coverage on shares of Apple Hospitality REIT in a report on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 price target for the company. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Finally, Barclays upgraded shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.25.

NYSE:APLE opened at $16.14 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $16.06 and a two-hundred day moving average price of $16.03. Apple Hospitality REIT Inc has a twelve month low of $13.81 and a twelve month high of $17.35. The company has a market capitalization of $3.61 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 1.97 and a beta of 0.80.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. Apple Hospitality REIT had a net margin of 15.44% and a return on equity of 5.75%. The firm had revenue of $341.12 million during the quarter, compared to the consensus estimate of $340.44 million. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts predict that Apple Hospitality REIT Inc will post 1.66 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 7.43%. Apple Hospitality REIT’s payout ratio is presently 69.77%.

Apple Hospitality REIT Profile

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 30,800 guest rooms located in 88 markets throughout 34 states.

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

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