Meeder Asset Management Inc. lifted its position in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 549.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,277 shares of the real estate investment trust’s stock after purchasing an additional 71,296 shares during the quarter. Meeder Asset Management Inc.’s holdings in Apple Hospitality REIT were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in APLE. FMR LLC grew its holdings in shares of Apple Hospitality REIT by 3.0% during the 1st quarter. FMR LLC now owns 1,836,402 shares of the real estate investment trust’s stock worth $29,933,000 after purchasing an additional 53,390 shares in the last quarter. First Trust Advisors LP boosted its stake in Apple Hospitality REIT by 6.9% in the 1st quarter. First Trust Advisors LP now owns 826,874 shares of the real estate investment trust’s stock valued at $13,478,000 after buying an additional 53,069 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Apple Hospitality REIT by 513.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 695,528 shares of the real estate investment trust’s stock valued at $11,336,000 after buying an additional 582,110 shares in the last quarter. Denali Advisors LLC acquired a new stake in Apple Hospitality REIT in the 2nd quarter valued at $1,110,000. Finally, WINTON GROUP Ltd boosted its stake in Apple Hospitality REIT by 273.2% in the 2nd quarter. WINTON GROUP Ltd now owns 57,988 shares of the real estate investment trust’s stock valued at $920,000 after buying an additional 42,452 shares in the last quarter. 59.18% of the stock is currently owned by institutional investors.
Shares of APLE stock opened at $16.28 on Friday. The stock’s fifty day simple moving average is $16.21 and its 200 day simple moving average is $16.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 1.94 and a beta of 0.80. Apple Hospitality REIT Inc has a one year low of $13.81 and a one year high of $16.90.
The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 7.37%. The ex-dividend date was Tuesday, October 1st. Apple Hospitality REIT’s dividend payout ratio is 69.77%.
Several analysts recently commented on APLE shares. Capital One Financial started coverage on Apple Hospitality REIT in a research note on Tuesday, June 25th. They issued an “equal weight” rating and a $17.00 price target on the stock. Barclays raised Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a research note on Monday, August 12th. Finally, Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.25.
In other Apple Hospitality REIT news, Director Redd Hugh acquired 2,000 shares of Apple Hospitality REIT stock in a transaction on Monday, August 12th. The shares were bought at an average price of $15.55 per share, with a total value of $31,100.00. Following the completion of the purchase, the director now owns 95,154 shares in the company, valued at $1,479,644.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $15.39 per share, for a total transaction of $76,950.00. Following the purchase, the insider now owns 10,133,812 shares of the company’s stock, valued at approximately $155,959,366.68. The disclosure for this purchase can be found here. 6.50% of the stock is owned by insiders.
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 30,800 guest rooms located in 88 markets throughout 34 states.
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