Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 20.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 184,016 shares of the real estate investment trust's stock after buying an additional 30,719 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.08% of Apple Hospitality REIT worth $2,376,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Investment Advisors Inc. grew its stake in shares of Apple Hospitality REIT by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 755 shares during the period. Quadrant Capital Group LLC grew its stake in shares of 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 worth $104,000 after purchasing an additional 1,128 shares during the period. Inspire Advisors LLC grew its stake in shares of Apple Hospitality REIT by 8.5% during the 4th 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 during the period. Keybank National Association OH grew its stake in shares of Apple Hospitality REIT by 3.1% during the 4th quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock worth $617,000 after purchasing an additional 1,218 shares during the period. Finally, Hudson Edge Investment Partners Inc. grew its stake in shares of Apple Hospitality REIT by 4.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust's stock worth $416,000 after purchasing an additional 1,272 shares during the period. 89.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. 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 stock from $14.00 to $12.00 in a research note on Monday, June 9th. Wells Fargo & Company lowered their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $15.75.

Insider Activity at Apple Hospitality REIT

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

Apple Hospitality REIT Price Performance

NYSE APLE traded down $0.20 during trading hours on Friday, reaching $11.40. The company's stock had a trading volume of 5,278,997 shares, compared to its average volume of 2,303,775. The stock has a market cap of $2.71 billion, a PE ratio of 13.42 and a beta of 1.04. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The company's 50-day moving average is $11.72 and its two-hundred day moving average is $13.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $332.86 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

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

About Apple Hospitality REIT

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.