Voya Investment Management LLC Has $2.60 Million Stock Holdings in Apple Hospitality REIT, Inc. $APLE

Key Points

• Voya Investment Management LLC increased its stake in Apple Hospitality REIT by 104.9%, owning 201,432 shares valued at approximately $2.6 million.
• Apple Hospitality REIT's stock is currently rated as a Moderate Buy with an average target price of $15.00.
• The company recently announced a dividend of $0.08 per share, with a significant dividend yield of 758.0%.

Voya Investment Management LLC increased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 104.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,432 shares of the real estate investment trust's stock after purchasing an additional 103,113 shares during the quarter. Voya Investment Management LLC owned 0.08% of Apple Hospitality REIT worth $2,600,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of Apple Hospitality REIT during the 1st quarter worth approximately $4,395,000. Intech Investment Management LLC grew its holdings in shares of Apple Hospitality REIT by 36.8% during the 1st quarter. Intech Investment Management LLC now owns 155,289 shares of the real estate investment trust's stock worth $2,005,000 after purchasing an additional 41,792 shares during the period. Empowered Funds LLC grew its holdings in shares of Apple Hospitality REIT by 10.0% during the 1st quarter. Empowered Funds LLC now owns 24,588 shares of the real estate investment trust's stock worth $317,000 after purchasing an additional 2,238 shares during the period. Kestra Investment Management LLC acquired a new position in Apple Hospitality REIT during the 1st quarter worth about $57,000. Finally, Jones Financial Companies Lllp lifted its stake in Apple Hospitality REIT by 10,235.7% during the 1st quarter. Jones Financial Companies Lllp now owns 21,705 shares of the real estate investment trust's stock worth $280,000 after acquiring an additional 21,495 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 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, with a total value of $61,450.00. Following the completion of the transaction, the chairman directly owned 705,344 shares in the company, valued at approximately $8,668,677.76. This represents a 0.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.10% of the stock is currently owned by company insiders.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock traded up $0.06 on Tuesday, reaching $12.32. 719,897 shares of the company were exchanged, compared to its average volume of 2,819,556. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. The company's 50-day moving average is $12.43 and its two-hundred day moving average is $12.19. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 16.42 and a beta of 1.05. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50.

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

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a oct 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a dividend yield of 758.0%. Apple Hospitality REIT's dividend payout ratio (DPR) is currently 128.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Apple Hospitality REIT from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. BMO Capital Markets lowered Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $14.00 to $12.00 in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of "Moderate Buy" and an average price target of $15.00.

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.