Deutsche Bank AG Increases Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Deutsche Bank AG raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 20.9% during the 4th quarter, according to its most recent 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 period. Deutsche Bank AG owned approximately 0.16% of Apple Hospitality REIT worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Apple Hospitality REIT during the 4th quarter valued at $31,000. Quarry LP raised its holdings in Apple Hospitality REIT by 128.1% during the 4th quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,751 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Apple Hospitality REIT during the 4th quarter valued at $51,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Apple Hospitality REIT during the 4th quarter valued at $92,000. Finally, Quadrant Capital Group LLC raised its holdings in Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 1,128 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $11.43 per share, with a total value of $114,300.00. Following the completion of the transaction, the chairman now directly owns 700,344 shares in the company, valued at $8,004,931.92. This trade represents a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 12,000 shares of company stock valued at $137,120 over the last quarter. 7.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price target 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. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.80.

Apple Hospitality REIT Trading Down 1.1%

APLE stock traded down $0.13 during midday trading on Friday, reaching $11.45. The company's stock had a trading volume of 2,426,978 shares, compared to its average volume of 2,267,081. 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 fifty day simple moving average of $12.02 and a two-hundred day simple moving average of $14.15. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.47 and a beta of 1.07.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. On average, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

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