CANADA LIFE ASSURANCE Co Has $7.67 Million Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

CANADA LIFE ASSURANCE Co raised its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 499,802 shares of the real estate investment trust's stock after buying an additional 30,123 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.21% of Apple Hospitality REIT worth $7,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC acquired a new stake in shares of Apple Hospitality REIT during the 3rd quarter valued at about $200,000. Barclays PLC raised its position in 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. Sanctuary Advisors LLC lifted its stake in Apple Hospitality REIT by 12.2% in the third quarter. Sanctuary Advisors LLC now owns 26,001 shares of the real estate investment trust's stock valued at $419,000 after acquiring an additional 2,819 shares during the last quarter. Tidal Investments LLC grew its position in 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 worth $895,000 after acquiring an additional 3,944 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Apple Hospitality REIT by 12.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,032 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 2,422 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Stock Performance

APLE traded up $0.04 during midday trading on Monday, reaching $11.93. The company's stock had a trading volume of 2,415,760 shares, compared to its average volume of 2,221,215. Apple Hospitality REIT, Inc. has a twelve month low of $10.44 and a twelve month high of $16.50. The stock has a market cap of $2.85 billion, a P/E ratio of 14.04 and a beta of 1.00. The company has a fifty day simple moving average of $12.96 and a 200 day simple moving average of $14.57. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

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 (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 business had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million. Research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 8.05%. Apple Hospitality REIT's dividend payout ratio is 109.09%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APLE. Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company lowered 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Apple Hospitality REIT has an average rating of "Moderate Buy" and a consensus price target of $16.80.

About Apple Hospitality REIT

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.