Point72 Asset Management L.P. sells shares of Apple Hospitality REIT, Inc. (NYSE:APLE).

March 2, 2023

The most recent Form 13F filing that Point72 Asset Management L.P.

Made with the Securities and Exchange Commission indicates that the company reduced its position in Apple Hospitality REIT, INC (NYSE: APLE) during the third quarter.

According to the disclosure that the company made, this is the case.

The fund wound up with 283,638 shares of the stock in its possession after selling 148,396 shares of the real estate investment trust’s stock throughout the time frame.

Point72 Asset Management L.P. had ownership of Apple Hospitality REIT worth $3,988,000 at the end of the most recent reporting period.

This represents 0.12% of the total company.

Adjustments have also been made to the stakes that several hedge funds currently hold in the company. Vanguard Group INC increased the percentage of Apple Hotel REIT shares it owned by 1.4% during the first three months of the new year.

After making additional purchases totaling 452,722 shares throughout the quarter, Vanguard Group INC has 33,258,207 shares in the real estate investment trust in its possession.

The current price of the stock is calculated to be $597,649,000.

Price T. Rowe Associates INC (M.D.) made a 4.7% increase in the shares of Apple Hotel REIT held at the end of the second quarter.

Price T. Rowe Associates INC (M.D.) now has 15,952,807 shares of the real estate investment trust following purchasing an additional 718,297 shares during the most recent quarter.

The shares have a total value of $234,028,000 due to the total number of shares owned by the company.

During the second quarter, State Street Corporation achieved a 0.5 percentage point increase in the amount of Apple Hotel REIT stock that it owned.

After purchasing an additional 49,411 shares during the most recent quarter, State Street Corp. now owns 10,438.176 shares of the real estate investment trust’s stock, valued at $153,128,000.

This brings the total number of shares owned by State Street Corp.

To 10,438.176. Charles Schwab Investment Management INC increased the amount of Apple Hotel REIT stock owned by 37.2% over the first three months of 2018. Charles Schwab Investment Management INC now has 4,480,292 shares of the real estate investment trust following the purchase of an additional 1,215,575 shares during the most recent quarter.

The shares have a combined value of $80,511,000, making the company’s total holdings worth $80,511,000.

Last but certainly not least, during the second quarter, Deutsche Bank AG increased the proportion of Apple Hotel REIT in which it has invested by 14.4%.

Deutsche Bank AG now has 4,040,823 shares of the real estate investment trust’s shares, which have a value of $59,279,000, after purchasing an additional 507,544 shares during the most recent quarter.

This brings the total number of shares Deutsche Bank AG owns to 4,040,823.

Institutional investors and hedge funds currently control 79.39% of the company’s stock.
On Monday, February 27, Apple Hospitality REIT Chairman Glade M. Knight purchased 5,000 shares of the company’s stock.

This news comes as part of other recent developments about Apple Hospitality REIT.

The total amount paid for the shares, which cost $16.90 each, was $84,500.00, representing the average cost per share.

The price per share was determined by taking the total amount paid for the shares.

The chairman now has 503,093 company shares in his possession, and the value of those shares, according to the current market, is approximately $8,502,271.70.

This is a direct result of the acquisition that took place. When you click this link, you will be taken to a document given to the SEC.

This document contains information about the transaction and the presentation given to the SEC. 6.80 percent of the company’s shares are owned by those working within the company.
As of late, several different brokerages have made the APLE reports they produce available to the public.

Apple Hospitality REIT received a “sell” rating from StockNews.com on Thursday, February 23, after the website had previously assigned the stock a “hold” rating.

Previously, the company had assigned the stock a “hold” rating. Wells Fargo & Company upgraded Apple Hospitality REIT from an “equal weight” rating to an “overweight” rating.

It raised its price objective on the stock from $17.00 to $18.00 in a public research note on Thursday, February 2.

The research note was made available to the public.

There has been one recommendation to hold the stock made by an analyst, three recommendations to sell the stock made by analysts, and three recommendations to purchase the stock made by equity research analysts.

According to information provided by the website Bloomberg.com, the current rating for the company is “hold,” and the consensus regarding the price target is that it should be around $19.75.

Wednesday’s trading on the New York Stock Exchange The price of one share of APLE when it first went public was $16.51 share of APLE when it first went public was $16.51.

The company has a price-to-earnings ratio of 25.80, a price-to-growth ratio of 0.38, and a beta ratio of 1.18.

Each of these metrics is measured by the company’s stock price.

The stock is currently valued at $3.78 billion on the market.

The stock price is currently fluctuating between $16.70 and $16.29, corresponding to its 50-day and 200-day simple moving averages, respectively.

In other words, the price is trading between the two levels.

The debt-to-equity ratio is at 0; the current ratio is at 0; the quick ratio is at 0; and the quick ratio is at 0.03.

Apple Hospitality REIT, INC hit an all-time low of $13.79 during the past year, while the company’s stock reached an all-time high of $18.69 during the same period.

A monthly dividend will be distributed to shareholders of record on March 15, according to an announcement made by the company earlier this month.

The shareholders of record on February 28 will be eligible to receive a $0.08 dividend payment when it is paid out.

The dividend payment will be deducted from accounts on Monday, February 27, the date set.

This translates to a yield of 5.81% and a dividend payment of $0.96 yearly for every shareholder.

The current level of the dividend payout ratio maintained by Apple Hotel REIT is 150.00%.

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