Apple Hospitality REIT, Inc. (NYSE:APLE) Short Interest Update

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,460,000 shares, an increase of 5.2% from the March 31st total of 9,940,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 5.8 days.

Apple Hospitality REIT Trading Up 0.6 %

Shares of NYSE APLE traded up $0.09 during midday trading on Wednesday, hitting $14.85. 2,019,840 shares of the company traded hands, compared to its average volume of 1,891,315. The stock has a 50-day moving average price of $16.03 and a 200 day moving average price of $16.26. Apple Hospitality REIT has a 12-month low of $14.22 and a 12-month high of $17.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $3.60 billion, a P/E ratio of 18.92 and a beta of 1.08.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a yield of 6.47%. Apple Hospitality REIT's dividend payout ratio (DPR) is 123.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APLE shares. StockNews.com cut shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a research report on Monday, February 26th. Bank of America cut shares of Apple Hospitality REIT from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $19.00 to $18.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Apple Hospitality REIT currently has an average rating of "Hold" and an average price target of $18.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLE. Maryland State Retirement & Pension System bought a new position in Apple Hospitality REIT during the third quarter valued at approximately $1,202,000. Bank of New York Mellon Corp raised its position in Apple Hospitality REIT by 52.7% in the third quarter. Bank of New York Mellon Corp now owns 2,303,878 shares of the real estate investment trust's stock worth $35,341,000 after acquiring an additional 795,380 shares during the period. New York State Teachers Retirement System raised its position in Apple Hospitality REIT by 396.0% in the third quarter. New York State Teachers Retirement System now owns 94,935 shares of the real estate investment trust's stock worth $1,456,000 after acquiring an additional 75,795 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Apple Hospitality REIT by 0.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,845 shares of the real estate investment trust's stock worth $1,578,000 after acquiring an additional 674 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in Apple Hospitality REIT in the third quarter worth approximately $922,000. 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.