Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,319 shares of the real estate investment trust's stock after selling 62,896 shares during the period. Voya Investment Management LLC's holdings in Apple Hospitality REIT were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of APLE. Price T Rowe Associates Inc. MD grew its position in Apple Hospitality REIT by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust's stock worth $126,472,000 after acquiring an additional 1,761,996 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at approximately $896,000. Hsbc Holdings PLC boosted its holdings in shares of Apple Hospitality REIT by 13.7% in the 4th quarter. Hsbc Holdings PLC now owns 175,689 shares of the real estate investment trust's stock worth $2,697,000 after purchasing an additional 21,154 shares during the period. ClearAlpha Technologies LP bought a new position in shares of Apple Hospitality REIT during the 4th quarter valued at approximately $230,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in Apple Hospitality REIT by 1,511.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 145,014 shares of the real estate investment trust's stock valued at $2,226,000 after buying an additional 136,014 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Trading Up 1.3 %

APLE stock traded up $0.15 during trading on Friday, hitting $11.76. The company had a trading volume of 1,842,070 shares, compared to its average volume of 2,257,055. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $16.50. The company has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $14.36. The firm has a market capitalization of $2.80 billion, a P/E ratio of 13.84 and a beta of 1.07. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business 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, research analysts forecast 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 announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's dividend payout ratio is 121.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company cut their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Insider Transactions at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $11.43 per share, with a total value of $114,300.00. Following the transaction, the chairman now owns 700,344 shares of the company's stock, valued at approximately $8,004,931.92. This trade represents a 1.45 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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.

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.