Capital Fund Management S.A. Makes New Investment in Apple Hospitality REIT, Inc. $APLE

Key Points

• Capital Fund Management S.A. has acquired a new stake in Apple Hospitality REIT, purchasing 186,812 shares valued at approximately $2.4 million, representing about 0.08% ownership of the company.
• Apple Hospitality REIT's shares have experienced a 4.3% increase recently, with a current market cap of $3.05 billion and a year range between $10.44 and $16.50.
• The company has declared a $0.08 dividend to be paid on September 15, representing a yield of 780.0%, while the dividend payout ratio stands at 128.00%.

Capital Fund Management S.A. purchased a new stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 186,812 shares of the real estate investment trust's stock, valued at approximately $2,412,000. Capital Fund Management S.A. owned 0.08% of Apple Hospitality REIT as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc grew its position in shares of Apple Hospitality REIT by 569.5% during the 1st quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 2,386 shares during the period. Quarry LP grew its holdings in Apple Hospitality REIT by 128.1% in the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,751 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $64,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth approximately $92,000. Finally, Blue Trust Inc. raised its stake in shares of Apple Hospitality REIT by 16.9% during the 1st quarter. Blue Trust Inc. now owns 9,934 shares of the real estate investment trust's stock worth $128,000 after buying an additional 1,438 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday. BMO Capital Markets lowered shares of Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $14.00 to $12.00 in a research note on Monday, June 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Insider Buying and Selling

In related news, Chairman Glade M. Knight purchased 5,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the acquisition, the chairman directly owned 705,344 shares in the company, valued at $8,668,677.76. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by insiders.

Apple Hospitality REIT Trading Down 0.6%

NYSE APLE traded down $0.08 on Friday, reaching $13.07. 3,816,053 shares of the company were exchanged, compared to its average volume of 3,156,125. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The business's fifty day moving average price is $12.22 and its 200 day moving average price is $12.44. The stock has a market capitalization of $3.10 billion, a P/E ratio of 17.42 and a beta of 1.08. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50.

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 for the quarter, meeting 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 business had revenue of $384.37 million during the quarter, compared to analysts' expectations of $381.37 million. Analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

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

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, 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.