Amundi Sells 18,713 Shares of Apple Hospitality REIT, Inc. $APLE

Amundi decreased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 7.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 220,895 shares of the real estate investment trust’s stock after selling 18,713 shares during the period. Amundi’s holdings in Apple Hospitality REIT were worth $2,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APLE. Cetera Investment Advisers increased its position in Apple Hospitality REIT by 21.7% during the 4th quarter. Cetera Investment Advisers now owns 20,862 shares of the real estate investment trust’s stock valued at $320,000 after purchasing an additional 3,718 shares during the period. Deutsche Bank AG increased its position in Apple Hospitality REIT by 20.9% during the 4th quarter. Deutsche Bank AG now owns 392,123 shares of the real estate investment trust’s stock valued at $6,019,000 after purchasing an additional 67,896 shares during the period. Janus Henderson Group PLC increased its position in Apple Hospitality REIT by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 98,424 shares of the real estate investment trust’s stock valued at $1,510,000 after purchasing an additional 7,700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Apple Hospitality REIT by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,769 shares of the real estate investment trust’s stock valued at $2,007,000 after purchasing an additional 5,018 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in Apple Hospitality REIT by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 34,235 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 1,301 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Apple Hospitality REIT from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. BMO Capital Markets downgraded shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $12.00 in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Apple Hospitality REIT has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Apple Hospitality REIT Stock Up 1.1%

APLE stock opened at $12.67 on Friday. The firm has a 50 day moving average of $12.40 and a 200 day moving average of $12.32. The stock has a market capitalization of $3.00 billion, a PE ratio of 16.89 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $384.37 million during the quarter, compared to analysts’ expectations of $381.37 million. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. Sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 735.0%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 128.00%.

Insider Buying and Selling

In related news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $12.29 per share, for a total transaction of $61,450.00. Following the purchase, the chairman directly owned 705,344 shares of the company’s stock, valued at approximately $8,668,677.76. This trade represents a 0.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.10% of the stock is owned by company insiders.

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.