Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Cutler Capital Management LLC

Cutler Capital Management LLC lifted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,063 shares of the real estate investment trust’s stock after purchasing an additional 22,406 shares during the period. Cutler Capital Management LLC owned about 0.06% of Apple Hospitality REIT worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in Apple Hospitality REIT in the 4th quarter valued at about $26,000. EdgeRock Capital LLC acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $41,000. Quantbot Technologies LP acquired a new position in Apple Hospitality REIT during the 3rd quarter worth approximately $72,000. Finally, Blue Trust Inc. increased its position in Apple Hospitality REIT by 11.9% during the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 734 shares during the period. Institutional investors and hedge funds 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 Apple Hospitality REIT stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $14.78 per share, with a total value of $73,900.00. Following the purchase, the chairman now directly owns 631,990 shares in the company, valued at approximately $9,340,812.20. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APLE has been the topic of several recent analyst reports. Wedbush initiated coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 target price on the stock. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and an average price target of $17.83.

View Our Latest Stock Report on APLE

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE traded down $0.17 during trading on Friday, hitting $14.23. 2,592,794 shares of the stock were exchanged, compared to its average volume of 2,439,312. The company has a fifty day moving average price of $15.01 and a two-hundred day moving average price of $15.98. The company has a market cap of $3.45 billion, a PE ratio of 16.53 and a beta of 1.10. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Apple Hospitality REIT, Inc. has a 12-month low of $14.08 and a 12-month high of $17.90.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The company had revenue of $329.51 million during the quarter, compared to analysts’ expectations of $324.68 million. During the same period in the previous year, the company posted $0.34 EPS. On average, analysts forecast that Apple Hospitality REIT, Inc. will post 1.47 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date is Friday, May 31st. Apple Hospitality REIT’s payout ratio is currently 111.63%.

Apple Hospitality REIT Profile

(Free Report)

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.

See Also

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

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