Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1,511.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,014 shares of the real estate investment trust's stock after buying an additional 136,014 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.06% of Apple Hospitality REIT worth $2,226,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at approximately $21,099,000. ExodusPoint Capital Management LP grew its position in shares of Apple Hospitality REIT by 126.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 899,842 shares of the real estate investment trust's stock valued at $13,813,000 after buying an additional 503,114 shares during the last quarter. Advisors Preferred LLC purchased a new position in Apple Hospitality REIT during the 4th quarter worth $4,651,000. First Trust Advisors LP raised its holdings in shares of Apple Hospitality REIT by 48.8% in the fourth quarter. First Trust Advisors LP now owns 771,672 shares of the real estate investment trust's stock valued at $11,845,000 after buying an additional 253,059 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Apple Hospitality REIT during the fourth quarter worth about $3,844,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on APLE shares. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the company from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company reduced their price objective on 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of "Moderate Buy" and an average price target of $16.80.

Apple Hospitality REIT Stock Performance

NYSE APLE traded down $0.02 on Friday, hitting $11.90. 1,889,097 shares of the company's stock were exchanged, compared to its average volume of 2,220,433. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 14.00 and a beta of 1.00. 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 firm's 50-day moving average price is $13.03 and its two-hundred day moving average price is $14.59. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million for the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Apple Hospitality REIT 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.