Apple Hospitality REIT Inc (NYSE:APLE) Holdings Lifted by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its stake in Apple Hospitality REIT Inc (NYSE:APLE) by 55.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 351,300 shares of the real estate investment trust’s stock after purchasing an additional 124,700 shares during the quarter. Alberta Investment Management Corp owned 0.16% of Apple Hospitality REIT worth $3,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in APLE. Norges Bank acquired a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $42,307,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Apple Hospitality REIT by 319.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,612,331 shares of the real estate investment trust’s stock valued at $23,955,000 after purchasing an additional 1,988,930 shares during the period. Bessemer Group Inc. boosted its position in shares of Apple Hospitality REIT by 376,799.6% in the 1st quarter. Bessemer Group Inc. now owns 953,556 shares of the real estate investment trust’s stock valued at $8,744,000 after purchasing an additional 953,303 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Apple Hospitality REIT by 63.5% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,683,778 shares of the real estate investment trust’s stock valued at $15,440,000 after purchasing an additional 654,196 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Apple Hospitality REIT by 513.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 695,528 shares of the real estate investment trust’s stock valued at $11,336,000 after purchasing an additional 582,110 shares during the period. Institutional investors and hedge funds own 60.08% of the company’s stock.

APLE opened at $9.15 on Friday. Apple Hospitality REIT Inc has a fifty-two week low of $4.48 and a fifty-two week high of $16.88. The business has a 50-day moving average of $8.53 and a 200-day moving average of $12.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.37 and a quick ratio of 0.24. The company has a market capitalization of $2.14 billion, a PE ratio of 6.71 and a beta of 1.02.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, May 18th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). Apple Hospitality REIT had a return on equity of 3.98% and a net margin of 10.91%. The firm had revenue of $238.01 million for the quarter, compared to analysts’ expectations of $245.39 million. On average, equities research analysts expect that Apple Hospitality REIT Inc will post 0.31 earnings per share for the current fiscal year.

In other news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of $11.90 per share, with a total value of $59,500.00. Following the purchase, the chairman now directly owns 10,211,968 shares of the company’s stock, valued at $121,522,419.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.50% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. Capital One Financial raised Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $17.00 to $14.00 in a research note on Monday, March 9th. Barclays downgraded Apple Hospitality REIT from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective for the company. in a research note on Tuesday, March 17th. KeyCorp reissued a “hold” rating on shares of Apple Hospitality REIT in a research note on Tuesday. ValuEngine downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Finally, B. Riley reduced their price objective on Apple Hospitality REIT from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Apple Hospitality REIT has a consensus rating of “Hold” and a consensus target price of $14.40.

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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

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