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Deutsche Bank cut its holdings in shares of Apple Hospitality REIT, Inc. (NYSE: APLE – Free Report) by 25.0% in the third quarter, according to the bank’s most recent disclosure to the U.S. Securities and Exchange Commission. The institutional investor owns 229,505 shares of the real estate investment trust’s stock after selling 76,558 shares during the quarter. Deutsche Bank held 0.10% of Apple Hospitality REIT worth $3,521,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of APLE recently. Norges Bank purchased new shares of Apple Hospitality REIT during the fourth quarter valued at approximately $37,208,000. State Street Corp raised its holdings in shares of Apple Hospitality REIT by 14.7% in the first quarter. State Street Bank now owns 10,388,765 shares of the real estate investment trust’s stock valued at $186,686,000 after purchasing an additional 1,331,707 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple Hospitality REIT by 37.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,480,292 shares of the real estate investment trust’s stock valued at $80,511,000 after purchasing an additional 1,215,575 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Apple Hospitality REIT by 19.9% in the third quarter. Principal Financial Group now owns 7,040,599 shares of the real estate investment trust’s stock valued at $108,003,000 after purchasing an additional 1,170,865 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Apple Hospitality REIT by 5.0% during the first quarter. BlackRock now owns 21,296,824 shares of the real estate investment trust’s stock valued at $330,527,000 after purchasing an additional 1,018,654 shares during the last quarter. 80.53% of the stocks are held by hedge funds and other institutional investors.
Apple Hotels Real Estate Investment Trust trades down 0.2%
NYSE:APLE opened at $16.25 on Friday. The stock has a 50-day moving average price of $16.44 and a 200-day moving average price of $16.01. Apple Hospitality REIT, Inc. has a 52-week low of $13.66 and a 52-week high of $17.90. The company has a market capitalization of $3.72 billion, a P/E ratio of 23.21, and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.92, and a current ratio of 0.92.
Apple Hotels Real Estate Investment Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be entitled to a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 28th. This represents an annualized dividend of $0.96 and a yield of 5.91%. Apple Hospitality REIT’s dividend payout ratio (DPR) currently stands at 137.14%.
Analyst upgrades and downgrades
Several analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. StockNews.com raised shares of Apple Hotels Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Sunday, November 12th. Finally, Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lifted their target price on the stock from 19.00 in a report on Monday, January 8th. The dollar fell to $18.00. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.17, according to MarketBeat.com.
View our latest stock analysis for Apple Hotels REIT
About Apple Hotels Real Estate Investment Trust, Inc.
(free report)
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) with one of the largest and most diversified room-focused upscale hotel portfolios in the United States. Apple Hospitality’s portfolio includes 223 hotels with more than 29,400 rooms in 87 markets in 37 states, as well as one hotel leased to a third party.
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