Teacher Retirement System of Texas Raises Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Teacher Retirement System of Texas raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 202.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,331 shares of the real estate investment trust's stock after acquiring an additional 22,313 shares during the period. Teacher Retirement System of Texas' holdings in Apple Hospitality REIT were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. KBC Group NV raised its holdings in shares of Apple Hospitality REIT by 29.9% during the 1st quarter. KBC Group NV now owns 12,025 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 2,768 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Apple Hospitality REIT by 50.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,688 shares of the real estate investment trust's stock valued at $461,000 after purchasing an additional 12,025 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Apple Hospitality REIT by 3.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 120,917 shares of the real estate investment trust's stock valued at $1,561,000 after purchasing an additional 3,552 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Apple Hospitality REIT by 24.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 481,341 shares of the real estate investment trust's stock valued at $6,214,000 after purchasing an additional 95,606 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Apple Hospitality REIT by 6.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 1,100 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Trading Up 0.0%

Apple Hospitality REIT stock traded up $0.00 during mid-day trading on Monday, hitting $12.34. The company's stock had a trading volume of 1,693,864 shares, compared to its average volume of 2,409,131. The company has a 50 day moving average of $11.87 and a 200-day moving average of $13.03. The stock has a market cap of $2.94 billion, a PE ratio of 15.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.84. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $16.50.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. Apple Hospitality REIT had a return on equity of 5.84% and a net margin of 13.38%. On average, research analysts anticipate 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 jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.08 dividend. This represents a yield of 7.7%. The ex-dividend date is Thursday, July 31st. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 121.52%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Chairman Glade M. Knight purchased 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $11.43 per share, with a total value of $114,300.00. Following the transaction, the chairman owned 700,344 shares of the company's stock, valued at $8,004,931.92. This represents a 1.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders acquired 12,000 shares of company stock valued at $137,120. Corporate insiders own 7.10% of the company's stock.

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.