Susquehanna Fundamental Investments LLC Purchases New Shares in Apple Hospitality REIT, Inc. (NYSE:APLE)

Susquehanna Fundamental Investments LLC acquired a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 355,106 shares of the real estate investment trust's stock, valued at approximately $5,451,000. Susquehanna Fundamental Investments LLC owned 0.15% of Apple Hospitality REIT at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APLE. Aster Capital Management DIFC Ltd purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at approximately $31,000. Brown Brothers Harriman & Co. purchased a new position in shares of Apple Hospitality REIT during the fourth quarter worth $51,000. GAMMA Investing LLC grew its stake in shares of Apple Hospitality REIT by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 2,193 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Apple Hospitality REIT by 20.1% in the 4th 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. Finally, FIL Ltd increased its stake in Apple Hospitality REIT by 76.4% during the fourth quarter. FIL Ltd now owns 8,599 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 3,725 shares during the period. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analyst Weigh In

APLE has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat, Apple Hospitality REIT presently has an average rating of "Moderate Buy" and a consensus target price of $16.80.

Apple Hospitality REIT Price Performance

Shares of APLE remained flat at $11.72 during mid-day trading on Friday. The stock had a trading volume of 4,737,965 shares, compared to its average volume of 2,243,901. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. 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 $2.80 billion, a PE ratio of 13.79 and a beta of 1.07. The firm's 50-day moving average price is $12.72 and its 200 day moving average price is $14.48.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.08 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a yield of 8.19%. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 121.52%.

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.