Inspire Advisors LLC Grows Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Inspire Advisors LLC increased its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,365 shares of the real estate investment trust’s stock after purchasing an additional 1,008 shares during the period. Inspire Advisors LLC’s holdings in Apple Hospitality REIT were worth $198,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EdgeRock Capital LLC bought a new position in Apple Hospitality REIT in the 2nd quarter worth about $26,000. Quarry LP boosted its stake in Apple Hospitality REIT by 127.5% in 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. GAMMA Investing LLC lifted its stake in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 780 shares during the period. Covestor Ltd lifted its stake in Apple Hospitality REIT by 115.6% during the 1st quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,313 shares during the period. Finally, Fortis Group Advisors LLC lifted its stake in Apple Hospitality REIT by 45.6% during the 1st quarter. Fortis Group Advisors LLC now owns 4,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,363 shares during the period. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

APLE opened at $15.00 on Monday. 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 company has a market cap of $3.64 billion, a price-to-earnings ratio of 17.44 and a beta of 1.12. The company’s 50 day moving average is $14.59 and its 200 day moving average is $14.68. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90.

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

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.40%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.

Insider Buying and Selling at Apple Hospitality REIT

In other news, Chairman Glade M. Knight purchased 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $14.04 per share, with a total value of $70,200.00. Following the completion of the acquisition, the chairman now directly owns 636,990 shares of the company’s stock, valued at $8,943,339.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Wells Fargo & Company lowered their target price on shares of 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.25.

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.