Public Employees Retirement System of Ohio Acquires 2,716 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Public Employees Retirement System of Ohio raised its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,724 shares of the real estate investment trust’s stock after buying an additional 2,716 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.15% of Apple Hospitality REIT worth $6,336,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Apple Hospitality REIT by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,820 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 197 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Apple Hospitality REIT by 1.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,277 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 220 shares during the period. Stevens Capital Management LP raised its stake in shares of Apple Hospitality REIT by 0.4% in the first quarter. Stevens Capital Management LP now owns 53,875 shares of the real estate investment trust’s stock worth $1,029,000 after buying an additional 235 shares during the period. National Asset Management Inc. raised its stake in shares of Apple Hospitality REIT by 1.0% in the first quarter. National Asset Management Inc. now owns 35,627 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 348 shares during the period. Finally, Bruderman Asset Management LLC raised its stake in shares of Apple Hospitality REIT by 3.7% in the first quarter. Bruderman Asset Management LLC now owns 10,361 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 47.78% of the company’s stock.

Apple Hospitality REIT, Inc. (NYSE:APLE) traded up 0.49% during trading on Friday, reaching $18.35. 674,072 shares of the company’s stock were exchanged. Apple Hospitality REIT, Inc. has a 52 week low of $17.32 and a 52 week high of $20.68. The company’s 50 day moving average price is $18.80 and its 200-day moving average price is $19.19. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 25.81 and a beta of 0.61.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $292.90 million during the quarter, compared to analysts’ expectations of $291.05 million. Apple Hospitality REIT had a return on equity of 4.38% and a net margin of 13.01%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. On average, equities analysts expect that Apple Hospitality REIT, Inc. will post $0.97 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Thursday, August 3rd will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Tuesday, August 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 166.67%.

ILLEGAL ACTIVITY WARNING: “Public Employees Retirement System of Ohio Acquires 2,716 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/07/30/public-employees-retirement-system-of-ohio-has-6-34-million-stake-in-apple-hospitality-reit-inc-nyseaple-updated-updated-updated.html.

A number of analysts recently issued reports on APLE shares. Robert W. Baird restated an “outperform” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a research report on Thursday, April 6th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Wells Fargo & Company started coverage on shares of Apple Hospitality REIT in a research report on Wednesday, May 3rd. They set a “market perform” rating on the stock. FBR & Co restated a “hold” rating on shares of Apple Hospitality REIT in a research report on Saturday, May 6th. Finally, Canaccord Genuity restated a “hold” rating and set a $20.00 target price on shares of Apple Hospitality REIT in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.40.

In related news, insider Glade M. Knight acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $18.51 per share, with a total value of $55,530.00. Following the completion of the transaction, the insider now owns 10,015,957 shares of the company’s stock, valued at approximately $185,395,364.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glade M. Knight acquired 5,400 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were bought at an average cost of $18.99 per share, for a total transaction of $102,546.00. Following the completion of the transaction, the insider now directly owns 10,021,357 shares of the company’s stock, valued at approximately $190,305,569.43. The disclosure for this purchase can be found here. Over the last three months, insiders bought 13,800 shares of company stock worth $258,732. 6.40% of the stock is currently owned by insiders.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

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

Receive News & Ratings for Apple Hospitality REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply