UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,484,034 shares of the real estate investment trust's stock after acquiring an additional 22,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of Apple Hospitality REIT worth $22,780,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Woodline Partners LP bought a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at $5,898,000. Squarepoint Ops LLC bought a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at $551,000. Tidal Investments LLC raised its position in shares of Apple Hospitality REIT by 6.2% during the 4th quarter. Tidal Investments LLC now owns 63,987 shares of the real estate investment trust's stock valued at $982,000 after purchasing an additional 3,717 shares during the period. Systematic Financial Management LP raised its position in shares of Apple Hospitality REIT by 3.0% during the 4th quarter. Systematic Financial Management LP now owns 2,163,458 shares of the real estate investment trust's stock valued at $33,209,000 after purchasing an additional 63,581 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Apple Hospitality REIT by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 68,611 shares of the real estate investment trust's stock valued at $1,053,000 after purchasing an additional 21,129 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $11.43 per share, with a total value of $114,300.00. Following the purchase, the chairman now directly owns 700,344 shares of the company's stock, valued at approximately $8,004,931.92. This represents a 1.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 12,000 shares of company stock valued at $137,120 in the last three months. Corporate insiders own 7.10% of the company's stock.

Apple Hospitality REIT Price Performance

APLE traded down $0.26 during trading on Friday, hitting $11.60. 6,140,999 shares of the company traded hands, compared to its average volume of 2,278,986. The company has a market cap of $2.76 billion, a PE ratio of 13.65 and a beta of 1.07. The stock's 50-day simple moving average is $11.85 and its two-hundred day simple moving average is $13.99. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. 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 posted its earnings results on Thursday, May 1st. 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 company had revenue of $327.70 million during the quarter, compared to analysts' expectations of $332.86 million. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a may 25 dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 8.3%. Apple Hospitality REIT's payout ratio is currently 121.52%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased 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 research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of "Moderate Buy" and an average target price of $16.80.

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.