Caisse DE Depot ET Placement DU Quebec Makes New $1.82 Million Investment in Apple Hospitality REIT, Inc. $APLE

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 140,600 shares of Apple Hospitality REIT, valued at approximately $1,815,000, representing 0.06% of the company as of the latest reports.
• Apple Hospitality REIT recently declared an upcoming dividend of $0.08 per share, with a record date of August 29 and an ex-dividend date on the same day.
• Analysts have mixed ratings for Apple Hospitality REIT, with a consensus of "Moderate Buy" and an average price target of $15.00 for the stock.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 140,600 shares of the real estate investment trust's stock, valued at approximately $1,815,000. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Apple Hospitality REIT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Apple Hospitality REIT by 2.7% in the first quarter. Principal Financial Group Inc. now owns 1,111,519 shares of the real estate investment trust's stock valued at $14,350,000 after buying an additional 28,778 shares during the period. Deutsche Bank AG boosted its holdings in shares of Apple Hospitality REIT by 20.9% in the fourth quarter. Deutsche Bank AG now owns 392,123 shares of the real estate investment trust's stock valued at $6,019,000 after buying an additional 67,896 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Apple Hospitality REIT by 24.8% in the first quarter. Asset Management One Co. Ltd. now owns 481,341 shares of the real estate investment trust's stock valued at $6,214,000 after buying an additional 95,606 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Apple Hospitality REIT by 12.0% in the first quarter. Sound Income Strategies LLC now owns 1,016,816 shares of the real estate investment trust's stock valued at $13,127,000 after buying an additional 108,833 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Apple Hospitality REIT by 29.9% in the first quarter. KBC Group NV now owns 12,025 shares of the real estate investment trust's stock valued at $155,000 after buying an additional 2,768 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

Apple Hospitality REIT Stock Up 1.1%

APLE traded up $0.15 during trading hours on Thursday, hitting $13.03. 1,905,698 shares of the company's stock were exchanged, compared to its average volume of 2,678,087. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The stock's 50-day moving average is $12.32 and its two-hundred day moving average is $12.40. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 17.37 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The firm had revenue of $384.37 million for the quarter, compared to analyst estimates of $381.37 million. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.08 per share. This represents a yield of 735.0%. The ex-dividend date of this dividend is Friday, August 29th. Apple Hospitality REIT's dividend payout ratio is 128.00%.

Insider Transactions at Apple Hospitality REIT

In other news, Chairman Glade M. Knight purchased 5,000 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $12.29 per share, with a total value of $61,450.00. Following the completion of the transaction, the chairman owned 705,344 shares of the company's stock, valued at $8,668,677.76. The trade was a 0.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APLE shares. BMO Capital Markets cut shares of Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Wells Fargo & Company increased their target price on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

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, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.