Apple Hospitality REIT, Inc. (NYSE:APLE) Receives Average Rating of "Hold" from Brokerages

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.40.

APLE has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Friday, December 22nd. Bank of America lowered shares of Apple Hospitality REIT from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $19.00 to $18.00 in a research note on Monday, January 8th. Finally, StockNews.com lowered shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a research note on Monday, February 26th.

Apple Hospitality REIT Stock Performance

APLE traded down $0.09 during midday trading on Friday, hitting $15.82. 974,330 shares of the company were exchanged, compared to its average volume of 1,409,734. The company's 50 day simple moving average is $16.23 and its 200 day simple moving average is $16.27. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.28 and a beta of 1.08. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. Apple Hospitality REIT has a 1-year low of $14.22 and a 1-year high of $17.90.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Wednesday, March 27th. Apple Hospitality REIT's dividend payout ratio (DPR) is 123.08%.

Institutional Trading of Apple Hospitality REIT

Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Apple Hospitality REIT in the 1st quarter valued at approximately $25,000. Principal Securities Inc. purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter worth $26,000. EdgeRock Capital LLC purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter worth $27,000. Advisory Services Network LLC lifted its position in shares of Apple Hospitality REIT by 255.5% during the 1st quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 89.66% 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.