The dividend, which was recently declared, will be paid on Dec. 15. On Friday, Dec. 2, registered shareholders can receive a dividend payment of $0.08 per share. This results in a dividend payout of $0.96 per year and a dividend yield of 5.84%.
Apple Hospitality REIT, Inc. (NYSE: APLE) had its share price rise before the start of trading on Monday after the company announced that it would pay a dividend. The stock had a starting price of $16.81 and ended the day at $16.47. Apple Hospitality REIT shares closed the most recent trading session at $16.37 per share, with 573 shares changing hands.
Expressed on an annual basis. The ex-dividend date is the first Thursday of December each year. Apple Hospitality REIT was found to have a payout ratio of 139.13%.
The quick and current ratios stand at 0.96, while the debt-to-equity ratio stands at 0.44. The company’s moving average over the past 50 days is $15.65, and its moving average over the past 200 days is $15.88.
The stock has a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 0.41 and a beta of 1.16. The company’s market capitalization is $3.76 billion.
A recent trend has several brokerage firms showing interest in APLE. B. Riley raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating in a report on the company’s performance published on Thursday, Aug. 11.
They decided to maintain their “hold” rating for the company. Wells Fargo & Company upgraded shares of Apple Hospitality REIT from “underweight” to “equal weight.” It also raised its price objective for the stock from $16.00 to $17.00 in a research report published on Monday, August 29.
Last but not least, a research study published on Thursday, August 11 by TheStreet raised shares of Apple Hospitality REIT from a rating of “c” to a rating of “b-.” Two equity research analysts recommend keeping the stock in one’s portfolio, while three suggest buying the stock.
The current average rating for Apple Hospitality REIT is “Moderate Buy,” and the consensus price target is $19.50. This information was obtained from Bloomberg. On Thursday, November 10, Apple Hospitality REIT Chairman Glade M. Knight bought 5,000 shares of the company’s stock. This was another piece of news regarding Apple Hospitality REIT.
The shares were acquired for a total cost of $81,450.00, representing an average price of $16.29 per share. As a result of the transaction, the board chairman now owns 498,093 shares of the company’s stock, worth $8,113,934.97. You can learn more about the transaction via a legal filing filed with the Securities and Exchange Commission, which can be found here. Currently, corporate insiders own 6.80% of the company’s stock.
APPLE has recently changed its holdings in several hedge funds and other institutional investors by increasing or decreasing their respective positions. In the first three months of 2018, Acadian Asset Management LLC invested roughly $25,000 in Apple Hospitality REIT. In addition, Meeder Asset Management Inc. acquired a new position in Apple Hospitality REIT during the first three months of 2018 by paying $36,000. During the second quarter, Lazard Asset Management LLC purchased an additional stake in Apple Hospitality REIT for $29,000.
In addition, Ronald Blue Trust Inc. acquired a 145.0% interest in Apple Hospitality REIT during the third quarter. After acquiring an additional 1,496 shares during the relevant time frame, Ronald Blue Trust Inc.a now owns a total of 2,528 shares of the real estate investment trust’s stock worth $37,000. Last but not least, Valley National Advisers Inc. invested $51,000 in Apple Hospitality REIT during the first quarter. Currently, institutional investors control 81.38% of the company’s stock.
Apple Hospitality REIT, Inc, which is traded under the symbol “APLE” on the New York Stock Exchange, is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of luxury, room-oriented hotels in the country. Apple Hospitality manages nearly 30,000 guest rooms across its 235 properties in 87 different markets and 34 other states.