The Vanguard Group, Inc. has recently announced that it has increased stake in Apple Hospitality REIT Inc (NYSE:APLE) by 7.65%. After grabbing 34.81 million shares, the institutional investor is now in possession of 2.47 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 15.21% having worth around $545.78 million. Moreover, BlackRock Fund Advisors increased its share by 16.78 million to have a control over 33.8 million shares. And SSgA Funds Management, Inc. raised its holdings to 3.28 million shares by acquiring 13.98 million shares or 6.11% of the stake.
Apple Hospitality REIT Inc (APLE) concluded trading on 12/14/23 at a closing price of $17.41, with 5.85 million shares of worth about $101.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.22% during that period and on Thursday the price saw a gain of about 1.46%. Currently the company’s common shares owned by public are about 228.64M shares, out of which, 213.27M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 49 times over the past 12 months. They bought 558,943 shares in 39 of the transactions. In 10 selling transactions, insiders dumped 215,611 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Capitol Series Trust – Fuller & T are the top 3 mutual funds which are holding stakes in Apple Hospitality REIT Inc iShares Core S&P Small Cap ETF is currently holding 14.32 million shares of worth totaling $224.47 million. The company recently came selling 43735.0 shares which brought its stake up to 6.26% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 58440.0 shares, after which its hold over company’s outstanding shares shrunk to 3.92%, leaving 8.97 million shares with the mutual fund that have a worth of about $140.64 million. Capitol Series Trust – Fuller & T, after buying 6.81 million shares, have now control over 2.98% of the stake in the company. It holds 0.0 shares of worth $106.79 million.
Stock saw a price change of 2.96% in past 5 days and over the past one month there was a price change of 4.06%. Year-to-date (YTD), APLE shares are showing a performance of 10.33% which increased to 2.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.66 but also hit the highest price of $18.22 during that period. The average intraday trading volume for Apple Hospitality REIT Inc shares is 2.86 million. The stock is currently trading 4.41% above its 20-day simple moving average (SMA20), while that difference is up 8.01% for SMA50 and it goes to 12.55% higher than SMA200.
The Vanguard Group, Inc. acquired 34.81 million shares of Apple Hospitality REIT Inc having value of about $545.78 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.47 million shares in the company valued at close to $43083795.78, or have control over 7.65% stake in the company. Apple Hospitality REIT Inc (NYSE: APLE) currently have 228.64M outstanding shares and institutions hold larger chunk of about 91.77% of that. Holding of mutual funds in the company is about 63.47% while other institutional holders and individual stake holders have control over 7.32% and 30.49% of the stake respectively.
The stock has a current market capitalization of $3.98B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 25.08, while it has posted earnings per share of $0.69 in the same period. It has a debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APLE, volatility over the week remained 2.19% while standing at 2.09% over the month.
Analysts are in expectations that Apple Hospitality REIT Inc (APLE) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.60% while it is estimated to increase by 5.73% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 08, 2023 offering an Equal weight rating for the stock and assigned a target price range of between $18 and $17 to it.
