Apple Hospitality REIT Inc (APLE) Shares Bought by Her Majesty the Queen in Right of the Province of

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Apple Hospitality REIT Inc (NYSE:APLE) by 118.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,700 shares of the real estate investment trust’s stock after purchasing an additional 228,300 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.18% of Apple Hospitality REIT worth $7,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Long Pond Capital LP purchased a new stake in shares of Apple Hospitality REIT during the first quarter worth $64,798,000. Prudential Financial Inc. raised its holdings in shares of Apple Hospitality REIT by 160.8% during the first quarter. Prudential Financial Inc. now owns 3,307,448 shares of the real estate investment trust’s stock worth $58,112,000 after acquiring an additional 2,039,311 shares in the last quarter. Northern Trust Corp increased its position in Apple Hospitality REIT by 71.8% during the first quarter. Northern Trust Corp now owns 4,254,934 shares of the real estate investment trust’s stock worth $74,759,000 after buying an additional 1,778,458 shares during the last quarter. Wells Fargo & Company MN increased its position in Apple Hospitality REIT by 73.9% during the first quarter. Wells Fargo & Company MN now owns 3,294,716 shares of the real estate investment trust’s stock worth $57,889,000 after buying an additional 1,400,124 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Apple Hospitality REIT by 510.0% during the first quarter. Nuveen Asset Management LLC now owns 1,283,257 shares of the real estate investment trust’s stock worth $22,547,000 after buying an additional 1,072,898 shares during the last quarter. Institutional investors own 55.73% of the company’s stock.

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Several equities analysts have commented on APLE shares. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. ValuEngine downgraded shares of Apple Hospitality REIT from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. B. Riley set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “hold” rating in a research report on Friday, February 23rd. Robert W. Baird set a $20.00 target price on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Barclays reissued an “equal weight” rating and set a $20.00 target price (down from $21.00) on shares of Apple Hospitality REIT in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.

In other Apple Hospitality REIT news, insider Glade M. Knight purchased 5,000 shares of the stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of $18.52 per share, with a total value of $92,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Apple Hospitality REIT stock opened at $18.39 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.10 and a beta of 0.67. Apple Hospitality REIT Inc has a one year low of $16.72 and a one year high of $20.19.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.21). The business had revenue of $298.40 million for the quarter, compared to analyst estimates of $299.89 million. Apple Hospitality REIT had a return on equity of 5.38% and a net margin of 15.30%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. sell-side analysts predict that Apple Hospitality REIT Inc will post 1.75 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Friday, June 29th. Apple Hospitality REIT’s dividend payout ratio is currently 68.97%.

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 portfolios of upscale, select-service hotels in the United States. The Company's highly diversified portfolio consists of 241 hotels with more than 30,500 guest rooms located in 88 markets throughout 34 states.

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

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