Even if it's not a huge purchase, we think it was good to see that Glade Knight, the Executive Chairman of Apple Hospitality REIT, Inc. (NYSE:APLE) recently shelled out US$57k to buy stock, at US$11.32 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
Apple Hospitality REIT Insider Transactions Over The Last Year
Independent Director Glenn Bunting made the biggest insider purchase in the last 12 months. That single transaction was for US$110k worth of shares at a price of US$11.03 each. That implies that an insider found the current price of US$11.24 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
Apple Hospitality REIT insiders may have bought shares in the last year, but they didn't sell any. They paid about US$13.10 on average. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Apple Hospitality REIT Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Apple Hospitality REIT insiders own about US$168m worth of shares (which is 6.7% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Apple Hospitality REIT Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Apple Hospitality REIT. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Apple Hospitality REIT has 4 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.
Of course Apple Hospitality REIT may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.