Vident Advisory LLC Sells 24,274 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Vident Advisory LLC lessened its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,412 shares of the real estate investment trust's stock after selling 24,274 shares during the quarter. Vident Advisory LLC's holdings in Apple Hospitality REIT were worth $544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth $31,000. Quarry LP lifted its holdings in shares of Apple Hospitality REIT by 128.1% during the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,751 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth $51,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth $92,000. Finally, Quadrant Capital Group LLC lifted its holdings in Apple Hospitality REIT by 20.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 1,128 shares during the period. Institutional investors own 89.66% of the company's stock.

Insider Transactions at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 10,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $11.43 per share, with a total value of $114,300.00. Following the completion of the transaction, the chairman now directly owns 700,344 shares in the company, valued at approximately $8,004,931.92. The trade was a 1.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders acquired a total of 12,000 shares of company stock valued at $137,120 over the last three months. Corporate insiders own 7.10% of the company's stock.

Apple Hospitality REIT Stock Down 1.2%

Shares of NYSE APLE traded down $0.15 during trading on Friday, hitting $11.64. 2,802,386 shares of the company traded hands, compared to its average volume of 2,272,444. The business's fifty day moving average is $11.88 and its 200 day moving average is $14.05. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 13.71 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The firm had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. Equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

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

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.80.

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.