Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management boosted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218,654 shares of the real estate investment trust's stock after buying an additional 20,485 shares during the quarter. Dakota Wealth Management owned approximately 0.09% of Apple Hospitality REIT worth $2,823,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Edgestream Partners L.P. purchased a new position in shares of Apple Hospitality REIT during the 1st quarter worth $2,138,000. MQS Management LLC purchased a new position in shares of Apple Hospitality REIT during the 1st quarter worth $224,000. Isthmus Partners LLC lifted its stake in shares of Apple Hospitality REIT by 0.5% during the 1st quarter. Isthmus Partners LLC now owns 200,823 shares of the real estate investment trust's stock worth $2,593,000 after purchasing an additional 919 shares during the period. Xponance Inc. increased its holdings in shares of Apple Hospitality REIT by 6.4% during the 1st quarter. Xponance Inc. now owns 17,385 shares of the real estate investment trust's stock worth $224,000 after buying an additional 1,044 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Apple Hospitality REIT by 19.2% during the 1st quarter. TD Private Client Wealth LLC now owns 13,020 shares of the real estate investment trust's stock worth $168,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT has an average rating of "Hold" and a consensus price target of $15.75.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 10,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $11.43 per share, with a total value of $114,300.00. Following the completion of the acquisition, the chairman owned 700,344 shares of the company's stock, valued at approximately $8,004,931.92. This trade represents a 1.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 12,000 shares of company stock valued at $137,120 over the last ninety days. Corporate insiders own 7.10% of the company's stock.

Apple Hospitality REIT Stock Down 0.1%

NYSE APLE traded down $0.01 during trading hours on Friday, hitting $12.26. The company had a trading volume of 1,684,659 shares, compared to its average volume of 2,402,624. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 15.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.84 and a quick ratio of 0.84. The firm's 50 day moving average is $11.86 and its 200 day moving average is $13.08.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 5.84% and a net margin of 13.38%. The company had revenue of $327.70 million during the quarter, compared to the consensus estimate of $332.86 million. Sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.08 dividend. Apple Hospitality REIT's dividend payout ratio is currently 121.52%.

Apple Hospitality REIT Company 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.