SG Americas Securities LLC Has $252,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

SG Americas Securities LLC grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 100.1% in the third quarter, HoldingsChannel reports. The fund owned 16,963 shares of the real estate investment trust’s stock after acquiring an additional 8,485 shares during the period. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $252,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Apple Hospitality REIT during the 2nd quarter worth approximately $348,000. Aurora Investment Counsel boosted its position in Apple Hospitality REIT by 182.9% during the 2nd quarter. Aurora Investment Counsel now owns 75,802 shares of the real estate investment trust’s stock worth $1,102,000 after acquiring an additional 49,003 shares during the last quarter. Truist Financial Corp boosted its position in Apple Hospitality REIT by 8.2% during the 2nd quarter. Truist Financial Corp now owns 77,165 shares of the real estate investment trust’s stock worth $1,122,000 after acquiring an additional 5,856 shares during the last quarter. Quarry LP raised its stake in shares of Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $337,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

APLE opened at $15.00 on Tuesday. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $17.90. The stock’s fifty day simple moving average is $14.61 and its 200 day simple moving average is $14.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.64 billion, a PE ratio of 17.44 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. The business had revenue of $390.08 million during the quarter, compared to the consensus estimate of $388.82 million. During the same quarter last year, the company posted $0.49 EPS. As a group, research analysts expect that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Wall Street Analyst Weigh In

APLE has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Apple Hospitality REIT currently has a consensus rating of “Hold” and an average target price of $16.25.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $14.04 per share, for a total transaction of $70,200.00. Following the transaction, the chairman now directly owns 636,990 shares of the company’s stock, valued at approximately $8,943,339.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by company insiders.

About Apple Hospitality REIT

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.