Deutsche Bank AG Sells 44,303 Shares of Apple Hospitality REIT, Inc. $APLE

Deutsche Bank AG lowered its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 11.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347,820 shares of the real estate investment trust's stock after selling 44,303 shares during the quarter. Deutsche Bank AG owned about 0.15% of Apple Hospitality REIT worth $4,490,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in Apple Hospitality REIT by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust's stock valued at $126,472,000 after buying an additional 1,761,996 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Apple Hospitality REIT by 9.4% in the first quarter. Victory Capital Management Inc. now owns 7,401,428 shares of the real estate investment trust's stock worth $95,552,000 after purchasing an additional 633,688 shares in the last quarter. Northern Trust Corp lifted its position in shares of Apple Hospitality REIT by 6.9% in the fourth quarter. Northern Trust Corp now owns 3,259,501 shares of the real estate investment trust's stock worth $50,033,000 after purchasing an additional 209,698 shares in the last quarter. LSV Asset Management lifted its position in shares of Apple Hospitality REIT by 2.1% in the first quarter. LSV Asset Management now owns 2,519,277 shares of the real estate investment trust's stock worth $32,524,000 after purchasing an additional 52,734 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Apple Hospitality REIT by 3.0% in the fourth quarter. Systematic Financial Management LP now owns 2,163,458 shares of the real estate investment trust's stock worth $33,209,000 after purchasing an additional 63,581 shares in the last quarter. Institutional investors own 89.66% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of Apple Hospitality REIT from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $14.00 to $12.00 in a research report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.75.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $12.29 per share, with a total value of $61,450.00. Following the completion of the transaction, the chairman owned 705,344 shares in the company, valued at $8,668,677.76. The trade was a 0.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company's stock.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE traded up $0.5350 on Friday, hitting $12.8550. The company had a trading volume of 645,636 shares, compared to its average volume of 2,838,839. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 17.13 and a beta of 1.08. The stock has a 50 day moving average price of $12.05 and a 200 day moving average price of $12.57. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The firm had revenue of $384.37 million for the quarter, compared to the consensus estimate of $381.37 million. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.08 dividend. This represents a dividend yield of 780.0%. The ex-dividend date of this dividend is Friday, August 29th. Apple Hospitality REIT's payout ratio is presently 128.00%.

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.