First Trust Advisors LP Has $11.85 Million Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

First Trust Advisors LP grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 48.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 771,672 shares of the real estate investment trust's stock after acquiring an additional 253,059 shares during the period. First Trust Advisors LP owned 0.32% of Apple Hospitality REIT worth $11,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC raised its position in Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after purchasing an additional 229,293 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Apple Hospitality REIT by 7.0% in the third quarter. Tidal Investments LLC now owns 60,270 shares of the real estate investment trust's stock valued at $895,000 after buying an additional 3,944 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Apple Hospitality REIT by 12.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,032 shares of the real estate investment trust's stock valued at $329,000 after buying an additional 2,422 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Apple Hospitality REIT by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust's stock worth $77,867,000 after buying an additional 18,858 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 worth $75,000 after acquiring an additional 2,193 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Apple Hospitality REIT Trading Down 0.4 %

NYSE APLE traded down $0.05 during trading hours on Friday, hitting $11.68. The company's stock had a trading volume of 1,811,980 shares, compared to its average volume of 2,230,426. The stock has a fifty day moving average of $12.77 and a 200 day moving average of $14.51. 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, Inc. has a twelve month low of $10.44 and a twelve month high of $16.50. The firm has a market capitalization of $2.79 billion, a P/E ratio of 13.74 and a beta of 1.00.

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

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.22%. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 109.09%.

Apple Hospitality REIT Company 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.