Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,653 shares of the real estate investment trust's stock after purchasing an additional 40,037 shares during the period. Wells Fargo & Company MN owned 0.07% of Apple Hospitality REIT worth $2,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APLE. Norges Bank acquired a new position in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $21,099,000. ExodusPoint Capital Management LP raised its holdings 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 acquiring an additional 503,114 shares during the last quarter. Advisors Preferred LLC acquired a new position in Apple Hospitality REIT in the fourth quarter valued at $4,651,000. Raymond James Financial Inc. purchased a new position in Apple Hospitality REIT during the fourth quarter worth about $3,844,000. Finally, Barclays PLC boosted its stake 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 worth $6,273,000 after buying an additional 229,293 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Analysts Set New Price Targets

APLE has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of 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. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.80.

Apple Hospitality REIT Stock Down 0.8 %

NYSE APLE traded down $0.09 on Wednesday, reaching $11.76. The company had a trading volume of 2,536,589 shares, compared to its average volume of 2,224,949. The firm has a market capitalization of $2.81 billion, a PE ratio of 13.84 and a beta of 1.00. The firm has a 50-day moving average of $12.83 and a 200-day moving average of $14.53. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. On average, equities research 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. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a yield of 8.16%. 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.