New insider activity at Apple Hospitality REIT ( (APLE) ) has taken place on March 4, 2025.
Senior Vice President and CFO Redd Hugh has made a significant investment by purchasing 1,000 shares of Apple Hospitality REIT stock, valued at $14,570. Additionally, Trustee Glade Knight has acquired 5,000 shares of the same stock, with a total purchase value of $72,700. These transactions highlight a strong confidence in the company’s future prospects.
Recent Updates on APLE stock
Apple Hospitality REIT recently released its Q4 2024 earnings report, showcasing strong financial performance with a 20.6% increase in net income and a 6.9% rise in Adjusted EBITDAre. The company attributed these results to robust business transient demand, leisure travel, and strategic asset management. Despite challenges in specific markets and rising fixed expenses, the overall sentiment remains positive due to favorable market dynamics and a resilient leisure travel segment. The company also announced strategic acquisitions and sales, along with a share repurchase program, reflecting tactical capital allocation. Looking ahead, Apple Hospitality REIT anticipates continued growth in 2025, supported by favorable supply-demand dynamics and strategic market positioning.
More about Apple Hospitality REIT
YTD Price Performance: -2.50%
Average Trading Volume: 1,850,695
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.55B