Dimensional Fund Advisors LP Lowers Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Dimensional Fund Advisors LP lowered its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,206,802 shares of the real estate investment trust's stock after selling 121,857 shares during the period. Dimensional Fund Advisors LP owned approximately 1.34% of Apple Hospitality REIT worth $49,225,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of APLE. Summit Investment Advisors Inc. raised its stake in shares of 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 lifted its stake in Apple Hospitality REIT by 20.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock worth $104,000 after purchasing an additional 1,128 shares in the last quarter. Inspire Advisors LLC raised its position in Apple Hospitality REIT by 8.5% in the fourth quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 1,137 shares during the period. Keybank National Association OH increased its stake in Apple Hospitality REIT by 3.1% during the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock worth $617,000 after purchasing an additional 1,218 shares during the period. Finally, Hudson Edge Investment Partners Inc. raised its holdings in 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 valued at $416,000 after acquiring an additional 1,272 shares in the last quarter. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Trading Up 1.3 %

Shares of APLE traded up $0.15 during trading hours on Thursday, reaching $11.51. The stock had a trading volume of 331,129 shares, compared to its average volume of 2,255,639. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50. The firm has a 50-day moving average of $12.53 and a 200 day moving average of $14.41. The company has a market cap of $2.74 billion, a P/E ratio of 13.54 and a beta of 1.07. 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 (NYSE:APLE - Get Free Report) last announced its earnings results 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 net margin of 14.53% and a return on equity of 6.17%. The firm had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. On average, sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a yield of 8.34%. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 121.52%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APLE shares. Bank of America raised 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 report on Monday, January 27th. 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. Three 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $16.80.

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.