Systematic Financial Management LP Buys 63,581 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Systematic Financial Management LP lifted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 0.90% of Apple Hospitality REIT worth $33,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Apple Hospitality REIT in the fourth quarter worth about $31,000. Quarry LP lifted its position 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 valued at $48,000 after buying an additional 1,751 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Apple Hospitality REIT during the 4th quarter valued at about $51,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Apple Hospitality REIT during the 4th quarter valued at about $92,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Apple Hospitality REIT by 20.1% during 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 in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $12.21 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The stock's 50 day simple moving average is $12.20 and its two-hundred day simple moving average is $14.27. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 14.36 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 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. As a group, equities analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date was Wednesday, April 30th. Apple Hospitality REIT's payout ratio is 121.52%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company lowered their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.80.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $11.43 per share, for a total transaction of $114,300.00. Following the purchase, the chairman now directly owns 700,344 shares of the company's stock, valued at $8,004,931.92. This trade represents a 1.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have bought 12,000 shares of company stock valued at $137,120. 7.10% of the stock is currently owned by corporate insiders.

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.

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