186,812 Shares in Apple Hospitality REIT, Inc. $APLE Acquired by Capital Fund Management S.A.

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

Several other institutional investors and hedge funds have also recently made changes to their positions in APLE. Versant Capital Management Inc increased its holdings in shares of Apple Hospitality REIT by 569.5% during the first 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 in the last quarter. Quarry LP increased its holdings in shares of Apple Hospitality REIT by 128.1% during the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,751 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Apple Hospitality REIT during the fourth quarter valued at about $64,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Apple Hospitality REIT during the fourth quarter valued at about $92,000. Finally, Blue Trust Inc. increased its holdings in shares of Apple Hospitality REIT by 16.9% during the first quarter. Blue Trust Inc. now owns 9,934 shares of the real estate investment trust's stock valued at $128,000 after acquiring an additional 1,438 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Trading Down 0.0%

Shares of APLE traded down $0.01 during midday trading on Friday, reaching $13.07. The company had a trading volume of 1,313,453 shares, compared to its average volume of 2,850,423. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The stock has a market cap of $3.10 billion, a PE ratio of 17.42 and a beta of 1.08. The firm has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $12.48. 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 issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $384.37 million during the quarter, compared to the consensus estimate of $381.37 million. Apple Hospitality REIT had a return on equity of 5.58% and a net margin of 12.71%. Research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.08 dividend. This represents a dividend yield of 736.0%. The ex-dividend date is Friday, August 29th. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 128.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APLE shares. Wells Fargo & Company increased their price target 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. BMO Capital Markets downgraded shares of Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Apple Hospitality REIT has an average rating of "Moderate Buy" and an average price target of $15.00.

Insider Activity

In related news, Chairman Glade M. Knight acquired 5,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $12.29 per share, for a total transaction of $61,450.00. Following the purchase, the chairman owned 705,344 shares of the company's stock, valued at $8,668,677.76. This represents a 0.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.10% of the company's stock.

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.