Spirit Of America Management Corpny buys $3,837,975 stake in Apple Hospitality REIT Inc (APLE)

Apple Hospitality REIT Inc (APLE) : Spirit Of America Management Corpny scooped up 62,022 additional shares in Apple Hospitality REIT Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 208,699 shares of Apple Hospitality REIT Inc which is valued at $3,837,975.Apple Hospitality REIT Inc makes up approximately 0.51% of Spirit Of America Management Corpny’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in APLE in the latest quarter, The investment management firm added 4,993 additional shares and now holds a total of 7,337 shares of Apple Hospitality REIT Inc which is valued at $135,735.Creative Planning boosted its stake in APLE in the latest quarter, The investment management firm added 3,573 additional shares and now holds a total of 21,266 shares of Apple Hospitality REIT Inc which is valued at $388,742.Legal General Group Plc boosted its stake in APLE in the latest quarter, The investment management firm added 28,475 additional shares and now holds a total of 388,100 shares of Apple Hospitality REIT Inc which is valued at $7,094,468. Apple Hospitality REIT Inc makes up approx 0.01% of Legal General Group Plc’s portfolio. First Mercantile Trust Co sold out all of its stake in APLE during the most recent quarter. The investment firm sold 4,700 shares of APLE which is valued $85,634.Bnp Paribas Arbitrage Sa reduced its stake in APLE by selling 761 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 24,333 shares of APLE which is valued at $442,131.

Apple Hospitality REIT Inc closed down -0.11 points or -0.59% at $18.39 with 6,42,286 shares getting traded on Friday. Post opening the session at $18.48, the shares hit an intraday low of $18.36 and an intraday high of $18.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Apple Hospitality REIT Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.51. The company had revenue of $257.60 million for the quarter, compared to analysts expectations of $254.79 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Apple Hospitality REIT Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale select service hotels in the United States. The Company’s portfolio is diversified across the Hilton and Marriott families of brands with locations in urban suburban and developing markets. The Company operates approximately 177 hotels with approximately 22750 guestrooms under Courtyard by Marriott Fairfield Inn by Marriott Fairfield Inn & Suites by Marriott Marriott Hotels & Resorts Renaissance Hotels Residence Inn by Marriott SpringHill Suites by Marriott TownePlace Suites by Marriott Embassy Suites Hotels Hampton Inn Hampton Inn & Suites Hilton Hilton Garden Inn Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.

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