Invesco Ltd. trimmed its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,210 shares of the real estate investment trust's stock after selling 250,339 shares during the quarter. Invesco Ltd. owned approximately 0.51% of Apple Hospitality REIT worth $18,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of APLE. Norges Bank bought a new stake in shares of Apple Hospitality REIT in the fourth quarter worth about $21,099,000. ExodusPoint Capital Management LP lifted 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 worth $13,813,000 after buying an additional 503,114 shares during the period. Advisors Preferred LLC bought a new stake in shares of Apple Hospitality REIT in the 4th quarter worth approximately $4,651,000. Raymond James Financial Inc. purchased a new position in shares of Apple Hospitality REIT during the fourth quarter valued at approximately $3,844,000. Finally, Barclays PLC raised its holdings in shares of Apple Hospitality REIT by 118.8% during the third quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after acquiring an additional 229,293 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
APLE has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target 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 raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Apple Hospitality REIT has an average rating of "Moderate Buy" and a consensus target price of $16.80.
Read Our Latest Stock Analysis on APLE
Apple Hospitality REIT Stock Up 0.6 %
Shares of Apple Hospitality REIT stock traded up $0.08 during midday trading on Thursday, hitting $11.86. The company had a trading volume of 443,965 shares, compared to its average volume of 2,210,612. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $2.83 billion, a P/E ratio of 13.94 and a beta of 1.00. The company has a 50 day moving average of $13.17 and a 200 day moving average of $14.64.
Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $333.04 million for the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.
Apple Hospitality REIT Dividend Announcement
The company also recently announced 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 annualized dividend and a dividend yield of 8.10%. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.
Apple Hospitality REIT Profile
(
Free Report)
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.
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