NVIDIA launches Jetson Thor robotics computers for physical AI systems
Carolyn Handlon, a director at Apple Hospitality REIT, Inc. (NYSE:APLE), recently purchased 7,250 common shares of the company, according to a filing with the Securities and Exchange Commission. The shares were acquired at an average price of $13.6951 each, amounting to a total investment of $99,289. The purchase comes as InvestingPro data shows the stock trading below its Fair Value, with an attractive dividend yield of 7.68%. Following this transaction, Handlon holds 22,363 shares in the real estate investment trust. The transaction was executed on March 12, 2025, as part of her ongoing investment in the company. This insider purchase aligns with broader management share buybacks, according to InvestingPro analysis, which also reveals the company maintains a GREAT financial health score despite the stock’s recent 10% weekly decline. For deeper insights into APLE’s valuation and 10+ additional ProTips, visit InvestingPro.
In other recent news, Apple Hospitality REIT reported fourth-quarter 2024 earnings that exceeded analyst expectations, with earnings per share reaching $0.12 compared to the projected $0.10. The company also reported revenue of $333 million, surpassing the forecast of $327 million. Despite these positive results, the company’s stock experienced a decline in after-hours trading. The earnings report highlighted a strong recovery in business transient demand and robust leisure travel, contributing to a 42.5% year-over-year increase in comparable hotels’ total revenue to $329 million. Additionally, Apple Hospitality REIT’s adjusted EBITDAre increased by 7% year-over-year to $97 million, while modified funds from operations rose by 6% to $77 million. Looking ahead, the company projects a net income for 2025 between $173 million and $222 million and plans capital expenditures of $80-$90 million. The company also mentioned potential asset sales, with management considering selling 7-10% of the current portfolio, as discussed during the earnings call.
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