Free Trial

Vanguard Group Inc. Sells 1,031,499 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Apple Hospitality REIT logo with Finance background

Vanguard Group Inc. trimmed its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,338,408 shares of the real estate investment trust's stock after selling 1,031,499 shares during the quarter. Vanguard Group Inc. owned approximately 14.22% of Apple Hospitality REIT worth $570,361,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $26,000. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $41,000. Fortis Group Advisors LLC grew its holdings in Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,493 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Apple Hospitality REIT by 11.9% in the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 734 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on APLE shares. Wedbush initiated coverage on shares of Apple Hospitality REIT in a research note on Monday, June 3rd. They issued a "neutral" rating and a $15.00 price objective on the stock. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Tuesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.83.


View Our Latest Stock Report on APLE

Apple Hospitality REIT Trading Down 1.2 %

Shares of APLE traded down $0.17 during trading hours on Tuesday, hitting $14.37. 1,296,052 shares of the stock were exchanged, compared to its average volume of 2,066,919. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.96 and a fifty-two week high of $17.90. The business has a 50-day moving average of $14.67 and a 200-day moving average of $15.79. The firm has a market capitalization of $3.48 billion, a P/E ratio of 16.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The firm had revenue of $329.51 million for the quarter, compared to the consensus estimate of $324.68 million. During the same period last year, the company posted $0.34 EPS. On average, research analysts expect that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.68%. Apple Hospitality REIT's payout ratio is currently 111.63%.

Insiders Place Their Bets

In related news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $14.78 per share, with a total value of $73,900.00. Following the transaction, the chairman now directly owns 631,990 shares in the company, valued at approximately $9,340,812.20. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.

Apple Hospitality REIT Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

→ How did Wall Street get it so wrong? (From Stansberry Research) (Ad)

Should you invest $1,000 in Apple Hospitality REIT right now?

Before you consider Apple Hospitality REIT, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple Hospitality REIT wasn't on the list.

While Apple Hospitality REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Cheap Dividend Stocks Offering Value and Price Upside

7 Cheap Dividend Stocks Offering Value and Price Upside

Explore the potential of cheap dividend stocks trading near 52-week lows for optimal value and price upside. Understand the key metrics to select stocks wisely.

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines