Apple Hospitality REIT, Inc. (NYSE:APLE) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also commented on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $21.00 price objective 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. Canaccord Genuity reiterated a “hold” rating and issued a $20.00 price objective on shares of Apple Hospitality REIT in a research report on Monday, May 8th. Wells Fargo & Company started coverage on shares of Apple Hospitality REIT in a research report on Wednesday, May 3rd. They issued a “market perform” rating on the stock. Finally, FBR & Co reiterated a “market perform” rating and issued a $20.00 price objective on shares of Apple Hospitality REIT in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.40.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

Shares of Apple Hospitality REIT (NYSE APLE) traded up 0.16% during midday trading on Friday, hitting $19.37. 1,280,879 shares of the stock were exchanged. Apple Hospitality REIT has a 12-month low of $17.32 and a 12-month high of $20.68. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $19.39. The firm has a market cap of $4.32 billion, a PE ratio of 27.24 and a beta of 0.61.

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

The company also recently announced a monthly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd were issued a $0.10 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.20%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 166.67%.

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In other news, insider Glade M. Knight bought 5,400 shares of Apple Hospitality REIT stock in a transaction 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 acquisition, the insider now owns 10,021,357 shares in the company, valued at $190,305,569.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glade M. Knight bought 3,000 shares of Apple Hospitality REIT stock in a transaction on Friday, May 12th. The stock was purchased at an average price of $18.51 per share, for a total transaction of $55,530.00. Following the completion of the acquisition, the insider now owns 10,015,957 shares in the company, valued at approximately $185,395,364.07. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 13,800 shares of company stock worth $258,732. 6.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLE. BlackRock Inc. raised its position in Apple Hospitality REIT by 3,420.4% in the first quarter. BlackRock Inc. now owns 11,994,624 shares of the real estate investment trust’s stock worth $229,099,000 after buying an additional 11,653,910 shares during the period. Vanguard Group Inc. raised its position in Apple Hospitality REIT by 16.5% in the first quarter. Vanguard Group Inc. now owns 32,734,825 shares of the real estate investment trust’s stock worth $625,236,000 after buying an additional 4,627,374 shares during the period. Norges Bank purchased a new position in Apple Hospitality REIT during the fourth quarter worth about $33,988,000. Dimensional Fund Advisors LP raised its position in Apple Hospitality REIT by 155.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,540,891 shares of the real estate investment trust’s stock worth $48,531,000 after buying an additional 1,547,960 shares during the period. Finally, Wells Fargo & Company MN raised its position in Apple Hospitality REIT by 38.0% in the first quarter. Wells Fargo & Company MN now owns 2,507,835 shares of the real estate investment trust’s stock worth $47,901,000 after buying an additional 690,453 shares during the period. Institutional investors own 47.83% of the company’s stock.

About Apple Hospitality REIT

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.

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