Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,441 shares of the real estate investment trust’s stock after selling 5,586 shares during the period. Nisa Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in shares of Apple Hospitality REIT during the second quarter valued at $26,000. Quarry LP grew its stake in Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,290 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 780 shares during the period. Covestor Ltd raised its stake in shares of Apple Hospitality REIT by 115.6% in the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,313 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 5,420 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Insider Activity at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $14.04 per share, for a total transaction of $70,200.00. Following the completion of the transaction, the chairman now owns 636,990 shares of the company’s stock, valued at $8,943,339.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APLE has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Apple Hospitality REIT in a research report on Friday, October 4th. StockNews.com downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company cut their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Apple Hospitality REIT has a consensus rating of “Hold” and an average target price of $16.25.

Apple Hospitality REIT Price Performance

Shares of NYSE APLE opened at $14.68 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 16.68 and a beta of 1.11. The firm’s 50 day simple moving average is $14.74 and its 200-day simple moving average is $14.62. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). The firm had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. During the same quarter in the prior year, the business posted $0.49 EPS. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

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.