Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC boosted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,986 shares of the real estate investment trust’s stock after buying an additional 1,493 shares during the period. Fortis Group Advisors LLC’s holdings in Apple Hospitality REIT were worth $50,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in APLE. Principal Securities Inc. bought a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $26,000. EdgeRock Capital LLC bought a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $41,000. Blue Trust Inc. raised its stake in shares of Apple Hospitality REIT by 11.9% during the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 734 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Apple Hospitality REIT during the fourth quarter valued at about $154,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APLE has been the topic of a number of research analyst reports. Wedbush started coverage on Apple Hospitality REIT in a research note on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price target on the stock. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.83.

Apple Hospitality REIT Stock Performance

Shares of APLE traded down $0.23 on Friday, reaching $14.44. 1,710,194 shares of the stock traded hands, compared to its average volume of 2,454,065. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 16.79 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, Inc. has a 12 month low of $13.96 and a 12 month high of $17.90. The stock’s 50-day moving average price is $14.85 and its 200-day moving average price is $15.91.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share 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 company had revenue of $329.51 million during the quarter, compared to the consensus estimate of $324.68 million. During the same quarter last year, the company earned $0.34 earnings per share. Equities analysts forecast that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date is Friday, May 31st. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $14.78 per share, with a total value of $73,900.00. Following the completion of the purchase, the chairman now directly owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Apple Hospitality REIT 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.