Apple Hospitality REIT Inc (NYSE:APLE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 53.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,151 shares of the real estate investment trust’s stock after acquiring an additional 55,336 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Apple Hospitality REIT worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Apple Hospitality REIT by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 494 shares during the period. Macquarie Group Ltd. increased its position in shares of Apple Hospitality REIT by 4.4% during the third quarter. Macquarie Group Ltd. now owns 68,700 shares of the real estate investment trust’s stock worth $1,299,000 after acquiring an additional 2,900 shares during the period. Independent Advisor Alliance increased its position in shares of Apple Hospitality REIT by 5.3% during the third quarter. Independent Advisor Alliance now owns 58,592 shares of the real estate investment trust’s stock worth $1,106,000 after acquiring an additional 2,956 shares during the period. US Bancorp DE increased its position in shares of Apple Hospitality REIT by 132.3% during the fourth quarter. US Bancorp DE now owns 5,479 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 3,120 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Apple Hospitality REIT by 20.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,566 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 3,147 shares during the period. 54.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apple Hospitality REIT Inc (NYSE:APLE) traded up $0.01 during mid-day trading on Wednesday, hitting $17.39. 1,020,000 shares of the company were exchanged, compared to its average volume of 1,760,000. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. Apple Hospitality REIT Inc has a 12-month low of $16.72 and a 12-month high of $20.19. The firm has a market capitalization of $3,880.00 and a P/E ratio of 21.21.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Apple Hospitality REIT had a net margin of 14.73% and a return on equity of 5.19%. The company had revenue of $289.07 million during the quarter, compared to the consensus estimate of $288.75 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Apple Hospitality REIT’s revenue for the quarter was up 2.4% on a year-over-year basis. equities analysts expect that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.20 annualized dividend and a yield of 6.90%. Apple Hospitality REIT’s dividend payout ratio is presently 146.34%.

In related news, insider Glade M. Knight acquired 10,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was bought at an average price of $17.16 per share, for a total transaction of $171,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Glade M. Knight acquired 5,800 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $17.10 per share, with a total value of $99,180.00. Following the purchase, the chairman now directly owns 10,052,157 shares of the company’s stock, valued at $171,891,884.70. The disclosure for this purchase can be found here. Insiders acquired 26,391 shares of company stock valued at $449,768 in the last 90 days. 6.30% of the stock is currently owned by insiders.

APLE has been the subject of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a $20.00 target price (down previously from $21.00) on shares of Apple Hospitality REIT in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on shares of Apple Hospitality REIT in a research note on Friday, January 12th. They set a “sector weight” rating for the company. 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 note on Monday, February 26th. Finally, TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.20.

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Apple Hospitality REIT 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 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

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

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