Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,123 shares of the real estate investment trust's stock after acquiring an additional 67,896 shares during the quarter. Deutsche Bank AG owned 0.16% of Apple Hospitality REIT worth $6,019,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Apple Hospitality REIT in the fourth quarter valued at about $21,099,000. Charles Schwab Investment Management Inc. grew its stake in Apple Hospitality REIT by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock valued at $70,465,000 after purchasing an additional 133,505 shares during the last quarter. Martingale Asset Management L P grew its stake in Apple Hospitality REIT by 133.4% in the fourth quarter. Martingale Asset Management L P now owns 95,642 shares of the real estate investment trust's stock valued at $1,468,000 after purchasing an additional 54,661 shares during the last quarter. Barclays PLC grew its stake in Apple Hospitality REIT by 118.8% in the third quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after purchasing an additional 229,293 shares during the last quarter. Finally, KBC Group NV grew its stake in Apple Hospitality REIT by 37.8% in the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 2,541 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Insider Activity at Apple Hospitality REIT

In related news, Chairman Glade M. Knight purchased 10,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $11.43 per share, with a total value of $114,300.00. Following the completion of the acquisition, the chairman now owns 700,344 shares of the company's stock, valued at $8,004,931.92. The trade was a 1.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 12,000 shares of company stock worth $137,120 over the last quarter. Insiders own 7.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on APLE shares. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company dropped their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note 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 an average rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Stock Down 0.0%

Shares of APLE stock traded down $0.01 during trading hours on Thursday, reaching $11.59. 3,089,919 shares of the company's stock were exchanged, compared to its average volume of 2,261,914. The stock's fifty day moving average price is $12.10 and its two-hundred day moving average price is $14.20. The stock has a market cap of $2.76 billion, a PE ratio of 13.63 and a beta of 1.07. 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 issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. Research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

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

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.