Knights of Columbus Asset Advisors LLC Acquires 150,965 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Knights of Columbus Asset Advisors LLC grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 94.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,624 shares of the real estate investment trust's stock after purchasing an additional 150,965 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.14% of Apple Hospitality REIT worth $5,159,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Apple Hospitality REIT in the 1st quarter valued at about $25,000. Advisory Services Network LLC grew its holdings in Apple Hospitality REIT by 255.5% during the first quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,500 shares during the period. Quantbot Technologies LP acquired a new position in Apple Hospitality REIT during the third quarter valued at approximately $72,000. First Manhattan Co. acquired a new position in Apple Hospitality REIT during the first quarter valued at approximately $99,000. Finally, Captrust Financial Advisors acquired a new position in Apple Hospitality REIT during the second quarter valued at approximately $84,000. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Stock Up 1.4 %

Shares of Apple Hospitality REIT stock traded up $0.21 on Friday, hitting $15.14. The company had a trading volume of 1,778,838 shares, compared to its average volume of 1,336,375. The firm has a market capitalization of $3.67 billion, a P/E ratio of 19.41 and a beta of 1.08. Apple Hospitality REIT, Inc. has a twelve month low of $14.22 and a twelve month high of $17.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a 50-day moving average of $16.14 and a 200-day moving average of $16.26.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend is Monday, April 29th. Apple Hospitality REIT's dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APLE shares. Wells Fargo & Company boosted their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an "equal weight" rating in a report on Friday, December 22nd. Bank of America cut shares of Apple Hospitality REIT from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $19.00 to $18.00 in a report on Monday, January 8th. Finally, StockNews.com cut shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.40.

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.