Apple Hospitality REIT Inc (NYSE:APLE) Stock Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in Apple Hospitality REIT Inc (NYSE:APLE) by 66.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,164 shares of the real estate investment trust’s stock after purchasing an additional 41,091 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $1,710,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APLE. Commonwealth Equity Services LLC raised its holdings in shares of Apple Hospitality REIT by 63.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 55,015 shares of the real estate investment trust’s stock worth $872,000 after purchasing an additional 21,334 shares in the last quarter. First Trust Advisors LP raised 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 worth $15,291,000 after purchasing an additional 137,223 shares in the last quarter. National Asset Management Inc. raised 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 worth $674,000 after purchasing an additional 4,369 shares in the last quarter. Schroder Investment Management Group raised 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 worth $75,683,000 after purchasing an additional 3,036,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 worth $51,492,000 after purchasing an additional 31,274 shares in the last quarter. Hedge funds and other institutional investors own 59.13% of the company’s stock.

In related news, insider Glade M. Knight acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $15.39 per share, with a total value of $76,950.00. Following the completion of the transaction, the insider now owns 10,133,812 shares of the company’s stock, valued at approximately $155,959,366.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Redd Hugh acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $15.55 per share, for a total transaction of $31,100.00. Following the completion of the transaction, the director now directly owns 95,154 shares of the company’s stock, valued at approximately $1,479,644.70. The disclosure for this purchase can be found here. Company insiders own 6.50% of the company’s stock.

Several research firms have recently weighed in on APLE. Zacks Investment Research raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Barclays raised shares of Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $18.25.

Shares of Apple Hospitality REIT stock traded down $0.06 during trading on Friday, hitting $16.42. The stock had a trading volume of 159,513 shares, compared to its average volume of 1,128,414. The stock has a 50 day simple moving average of $16.28 and a 200 day simple moving average of $16.01. The company has a market capitalization of $3.73 billion, a PE ratio of 9.55, a P/E/G ratio of 2.01 and a beta of 0.80. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05. Apple Hospitality REIT Inc has a 1 year low of $13.81 and a 1 year high of $16.90.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $341.12 million for the quarter, compared to the consensus estimate of $340.44 million. Apple Hospitality REIT had a net margin of 15.44% and a return on equity of 5.75%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. As a group, equities analysts expect that Apple Hospitality REIT Inc will post 1.66 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Friday, November 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 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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