Asset Management One Co. Ltd. Has $6.21 Million Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Asset Management One Co. Ltd. lifted its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 24.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 481,341 shares of the real estate investment trust's stock after purchasing an additional 95,606 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of Apple Hospitality REIT worth $6,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position 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 acquiring an additional 755 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Apple Hospitality REIT by 6.2% during the first quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 1,100 shares in the last quarter. PFG Investments LLC lifted its stake in Apple Hospitality REIT by 9.2% in the 1st quarter. PFG Investments LLC now owns 13,216 shares of the real estate investment trust's stock worth $171,000 after acquiring an additional 1,115 shares in the last quarter. Quadrant Capital Group LLC grew its stake 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 acquiring an additional 1,128 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of 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 worth $223,000 after purchasing an additional 1,137 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Performance

APLE stock traded down $0.17 during midday trading on Monday, hitting $11.67. 3,043,706 shares of the company traded hands, compared to its average volume of 2,345,048. The business has a 50 day simple moving average of $11.73 and a 200-day simple moving average of $13.38. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.51. 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 capitalization of $2.78 billion, a price-to-earnings ratio of 14.77 and a beta of 1.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business 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 5.84% and a net margin of 13.38%. As a group, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend is Monday, June 30th. Apple Hospitality REIT's payout ratio is currently 121.52%.

Analyst Ratings Changes

Separately, BMO Capital Markets cut shares of Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $14.00 to $12.00 in a report on Monday, June 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $15.75.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight bought 10,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $11.43 per share, for a total transaction of $114,300.00. Following the completion of the purchase, the chairman owned 700,344 shares in the company, valued at approximately $8,004,931.92. This represents a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 12,000 shares of company stock valued at $137,120. Company insiders own 7.10% of the company's stock.

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.