Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC increased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 279.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,657 shares of the real estate investment trust's stock after buying an additional 29,210 shares during the period. AdvisorShares Investments LLC's holdings in Apple Hospitality REIT were worth $609,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APLE. Price T Rowe Associates Inc. MD increased its holdings in Apple Hospitality REIT by 27.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust's stock worth $126,472,000 after acquiring an additional 1,761,996 shares in the last quarter. Norges Bank acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth about $21,099,000. ExodusPoint Capital Management LP lifted its stake in Apple Hospitality REIT by 126.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 899,842 shares of the real estate investment trust's stock valued at $13,813,000 after buying an additional 503,114 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Apple Hospitality REIT in the 4th quarter worth about $5,451,000. Finally, Advisors Preferred LLC purchased a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $4,651,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Apple Hospitality REIT Stock Performance

Shares of NYSE APLE remained flat at $11.72 during trading on Friday. The stock had a trading volume of 4,737,965 shares, compared to its average volume of 2,243,901. The company's 50-day moving average is $12.72 and its two-hundred day moving average is $14.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 13.79 and a beta of 1.07. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50.

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 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. Research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APLE shares. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.