Apple Hospitality REIT, Inc. (NYSE:APLE) Stock Holdings Boosted by Systematic Financial Management LP

Systematic Financial Management LP grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,163,458 shares of the real estate investment trust's stock after acquiring an additional 63,581 shares during the quarter. Systematic Financial Management LP owned about 0.90% of Apple Hospitality REIT worth $33,209,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $31,000. Quarry LP boosted its stake in shares of Apple Hospitality REIT by 128.1% during the 4th quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,751 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $51,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Apple Hospitality REIT in the 4th quarter valued at approximately $92,000. Finally, Quadrant Capital Group LLC increased its stake in 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 purchasing an additional 1,128 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight purchased 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $11.43 per share, for a total transaction of $114,300.00. Following the acquisition, the chairman now owns 700,344 shares of the company's stock, valued at $8,004,931.92. The trade was a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 12,000 shares of company stock valued at $137,120 in the last ninety days. Corporate insiders own 7.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on APLE shares. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company lowered their target price on 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Stock Down 0.6%

APLE traded down $0.07 on Thursday, reaching $11.53. The company's stock had a trading volume of 1,783,437 shares, compared to its average volume of 2,257,280. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The business's 50 day moving average is $12.10 and its 200 day moving average is $14.20. 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 stock has a market cap of $2.74 billion, a price-to-earnings ratio of 13.55 and a beta of 1.07.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its 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. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $327.70 million during the quarter, compared to analysts' expectations of $332.86 million. As a group, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a may 25 dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.08 per share. This represents a yield of 8.3%. The ex-dividend date is Friday, May 30th. Apple Hospitality REIT's dividend payout ratio is currently 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.