Spirit of America Management Corp NY Has $419,000 Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Spirit of America Management Corp NY trimmed its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,210 shares of the real estate investment trust’s stock after selling 7,500 shares during the period. Spirit of America Management Corp NY’s holdings in Apple Hospitality REIT were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of APLE. Vanguard Group Inc. boosted its stake in shares of Apple Hospitality REIT by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock valued at $582,400,000 after buying an additional 1,217,142 shares during the period. Masterton Capital Management LP acquired a new stake in Apple Hospitality REIT during the second quarter valued at $3,378,000. Foundry Partners LLC grew its stake in Apple Hospitality REIT by 11.3% in the first quarter. Foundry Partners LLC now owns 347,717 shares of the real estate investment trust’s stock valued at $5,696,000 after purchasing an additional 35,166 shares in the last quarter. Entropy Technologies LP acquired a new position in Apple Hospitality REIT in the 1st quarter worth about $338,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Apple Hospitality REIT by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after purchasing an additional 154,159 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APLE has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Wells Fargo & Company decreased their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.25.

Apple Hospitality REIT Stock Up 1.6 %

Shares of Apple Hospitality REIT stock opened at $14.93 on Friday. The stock has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $14.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.46. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90. The stock has a market capitalization of $3.62 billion, a P/E ratio of 17.36 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last released its 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 company 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 previous year, the company earned $0.49 earnings per share. Equities analysts expect that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors 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 yield of 6.43%. The ex-dividend date is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Insider Buying and Selling

In other news, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of $14.04 per share, for a total transaction of $70,200.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is owned by company insiders.

Apple Hospitality REIT Company 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.