Mitsubishi UFJ Trust & Banking Corp Has $585,000 Position in Apple Hospitality REIT Inc (NYSE:APLE)

Eufemia Didonato

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 42.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,520 shares of the real estate investment trust’s stock after purchasing an additional 18,100 shares during the quarter. Mitsubishi UFJ Trust & […]

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 42.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 60,520 shares of the real estate investment trust’s stock after purchasing an additional 18,100 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Apple Hospitality REIT were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in APLE. Tower Research Capital LLC TRC raised its stake in Apple Hospitality REIT by 1,601.3% during the first quarter. Tower Research Capital LLC TRC now owns 6,652 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 6,261 shares in the last quarter. Signaturefd LLC raised its stake in Apple Hospitality REIT by 26.2% during the second quarter. Signaturefd LLC now owns 6,537 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,358 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Apple Hospitality REIT by 79.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,321 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 3,233 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Apple Hospitality REIT during the first quarter worth $84,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Apple Hospitality REIT during the first quarter worth $106,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

In other news, Chairman Glade M. Knight bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $9.68 per share, with a total value of $48,400.00. Following the transaction, the chairman now owns 10,221,968 shares in the company, valued at $98,948,650.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders purchased 8,680 shares of company stock worth $85,283. 6.50% of the stock is owned by insiders.

Several analysts have recently commented on APLE shares. Bank of America started coverage on Apple Hospitality REIT in a report on Monday, June 1st. They set a “buy” rating and a $13.00 target price on the stock. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $14.00 to $9.50 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Barclays raised their price target on Apple Hospitality REIT from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 22nd. Finally, Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $13.08.

NYSE APLE opened at $9.48 on Monday. The firm has a market cap of $2.12 billion, a P/E ratio of -237.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50-day moving average is $10.09 and its 200-day moving average is $9.44. Apple Hospitality REIT Inc has a one year low of $4.48 and a one year high of $16.88.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.27). Apple Hospitality REIT had a negative net margin of 0.99% and a negative return on equity of 0.29%. Equities analysts anticipate that Apple Hospitality REIT Inc will post 0.08 EPS for the current year.

About Apple Hospitality REIT

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.

Read More: Leveraged Buyout (LBO) Explained

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT Inc (NYSE:APLE).

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

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