MYDA Advisors LLC Sells 100,000 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

MYDA Advisors LLC lowered its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 300,000 shares of the real estate investment trust's stock after selling 100,000 shares during the quarter. Apple Hospitality REIT makes up about 1.2% of MYDA Advisors LLC's investment portfolio, making the stock its 28th largest holding. MYDA Advisors LLC owned approximately 0.13% of Apple Hospitality REIT worth $4,605,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of Apple Hospitality REIT by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust's stock valued at $103,885,000 after purchasing an additional 29,781 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Apple Hospitality REIT by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust's stock valued at $77,867,000 after buying an additional 18,858 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Apple Hospitality REIT by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock worth $70,465,000 after buying an additional 133,505 shares during the period. Norges Bank purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter worth about $21,099,000. Finally, Principal Financial Group Inc. increased its stake in shares of Apple Hospitality REIT by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,082,741 shares of the real estate investment trust's stock worth $16,620,000 after acquiring an additional 26,489 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Stock Down 0.7 %

NYSE APLE traded down $0.09 during mid-day trading on Friday, reaching $11.84. The stock had a trading volume of 854,075 shares, compared to its average volume of 2,215,238. The stock has a market cap of $2.83 billion, a PE ratio of 13.90 and a beta of 1.00. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The company has a fifty day moving average price of $13.10 and a 200 day moving average price of $14.62.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. On average, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APLE shares. Wells Fargo & Company cut their price objective 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. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.