Guggenheim Capital LLC Cuts Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Guggenheim Capital LLC lowered its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 96.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,495 shares of the real estate investment trust's stock after selling 708,962 shares during the quarter. Guggenheim Capital LLC's holdings in Apple Hospitality REIT were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Investment Advisors Inc. lifted its stake in Apple Hospitality REIT by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 755 shares during the last quarter. Quadrant Capital Group LLC grew its position in Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock worth $104,000 after acquiring an additional 1,128 shares during the last quarter. Inspire Advisors LLC increased its stake in Apple Hospitality REIT by 8.5% in the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust's stock worth $223,000 after purchasing an additional 1,137 shares during the period. Keybank National Association OH lifted its position in Apple Hospitality REIT by 3.1% in the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 1,218 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its holdings in shares of Apple Hospitality REIT by 4.9% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust's stock worth $416,000 after purchasing an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analyst Weigh In

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

Apple Hospitality REIT Stock Down 0.7 %

Shares of NYSE:APLE traded down $0.09 during trading on Friday, hitting $11.64. The stock had a trading volume of 1,695,066 shares, compared to its average volume of 2,546,969. The company has a market capitalization of $2.78 billion, a PE ratio of 13.70 and a beta of 1.00. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $12.77 and its 200 day moving average is $14.51. Apple Hospitality REIT, Inc. has a 12 month low of $10.44 and a 12 month high of $16.50.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $332.86 million. Analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS 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 paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 8.25%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's payout ratio is currently 109.09%.

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.