Free Trial

Victory Capital Management Inc. Boosts Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Apple Hospitality REIT logo with Finance background

Victory Capital Management Inc. increased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,401,428 shares of the real estate investment trust's stock after acquiring an additional 633,688 shares during the period. Victory Capital Management Inc. owned about 3.10% of Apple Hospitality REIT worth $95,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dakota Wealth Management lifted its stake in shares of Apple Hospitality REIT by 10.3% in the 1st quarter. Dakota Wealth Management now owns 218,654 shares of the real estate investment trust's stock valued at $2,823,000 after acquiring an additional 20,485 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Apple Hospitality REIT in the 1st quarter valued at about $2,138,000. MQS Management LLC purchased a new position in Apple Hospitality REIT during the 1st quarter valued at about $224,000. Isthmus Partners LLC increased its holdings in Apple Hospitality REIT by 0.5% during the 1st quarter. Isthmus Partners LLC now owns 200,823 shares of the real estate investment trust's stock valued at $2,593,000 after purchasing an additional 919 shares during the period. Finally, Xponance Inc. increased its holdings in Apple Hospitality REIT by 6.4% during the 1st quarter. Xponance Inc. now owns 17,385 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 1,044 shares during the period. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Trading Up 0.6%

NYSE:APLE traded up $0.07 during mid-day trading on Friday, reaching $12.34. 2,877,338 shares of the company's stock traded hands, compared to its average volume of 2,411,999. Apple Hospitality REIT, Inc. has a 12-month low of $10.44 and a 12-month high of $16.50. The company has a 50 day moving average price of $11.87 and a 200-day moving average price of $13.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 15.62 and a beta of 1.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted 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 5.84% and a net margin of 13.38%. The firm had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. On average, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.08 per share. Apple Hospitality REIT's dividend payout ratio (DPR) is 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 reduced 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 company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $15.75.

Get Our Latest Stock Analysis on Apple Hospitality REIT

Insider Buying and Selling at Apple Hospitality REIT

In other news, Chairman Glade M. Knight bought 10,000 shares of Apple Hospitality REIT stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $11.43 per share, for a total transaction of $114,300.00. Following the acquisition, the chairman owned 700,344 shares of the company's stock, valued at approximately $8,004,931.92. The trade was a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders purchased 12,000 shares of company stock worth $137,120. 7.10% of the stock is currently owned by corporate insiders.

Apple Hospitality REIT Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

Should You Invest $1,000 in Apple Hospitality REIT Right Now?

Before you consider Apple Hospitality REIT, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple Hospitality REIT wasn't on the list.

While Apple Hospitality REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines