AdvisorShares Investments LLC Has $609,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

AdvisorShares Investments LLC lifted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 279.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,657 shares of the real estate investment trust's stock after purchasing an additional 29,210 shares during the quarter. AdvisorShares Investments LLC's holdings in Apple Hospitality REIT were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in Apple Hospitality REIT in the fourth quarter worth $31,000. Quarry LP increased its holdings in shares of Apple Hospitality REIT by 128.1% in the 4th quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,751 shares during the period. Brown Brothers Harriman & Co. bought a new stake in Apple Hospitality REIT in the 4th quarter valued at about $51,000. GAMMA Investing LLC boosted its stake in Apple Hospitality REIT by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 2,193 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Apple Hospitality REIT in the 4th quarter worth about $92,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Price Performance

Apple Hospitality REIT stock remained flat at $11.72 during mid-day trading on Friday. 4,737,965 shares of the company's stock traded hands, compared to its average volume of 2,242,721. The firm has a market capitalization of $2.80 billion, a PE ratio of 13.79 and a beta of 1.07. Apple Hospitality REIT, Inc. has a 12-month low of $10.44 and a 12-month high of $16.50. The firm's fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $14.49. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $327.70 million for the quarter, compared to analysts' expectations of $332.86 million. Equities analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's payout ratio is 121.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on APLE shares. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc NYSE: APLE is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.