Insider Trading Reports: Apple Hospitality REIT (APLE)

Insider Trading Reports: Apple Hospitality REIT (APLE)

Apple Hospitality REIT (APLE)

Executive Chairman adds 5,000 shares.

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  • Glade Knight, Executive Chairman of Apple Hospitality REIT (APLE), added another 5,000 shares to his holdings, shelling out just over $81,000. The latest buy leaves him with over 10,407,000 shares. This adds to other buying from directors earlier in the year.

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  • Insider data for the past three years shows numerous insider buys at the company, with zero sales. Insiders own over 6 percent of the company.

    The real estate trust, which operates 235 high-end hotels with over 30,000 rooms under the Marriott, Hilton, and Hyatt brand, has seen shares barely budge in the past year, despite a massive 7 percent dividend yield.

    The company also trades just above its book value, a conservative measure of the value of all the properties in the REIT at the time they were bought, and may under-represent any properties that have appreciated substantially.

    Action to take: Shares are a buy up to $17.00, where they trade just under 20 times forward earnings. The sizeable insider ownership, and low institutional holding in the shares indicates some great long-term potential ahead, and a 7 percent yield in the hotel industry is a fantastic “buy and hold” play here, along with other names in the hotel space.

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  • While there are some options to trade, high-yielding REIT shares are unlikely to give options traders the speedy moves they need to really profit from a trade. Options traders can look elsewhere in the real estate space.