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Rhumbline Advisers raised its holdings in shares of Apple Hospitality REIT, Inc. (NYSE: APLE – Free Report) by 78.3% during the third quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The fund owns 738,066 shares of the real estate investment trust stock after purchasing an additional 324,102 shares during the period. Rhumbline Advisers held 0.32% of Apple Hospitality REIT worth $11,322,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings in APLE. Foundry Partners LLC increased its holdings in shares of Apple Hospitality REIT by 7.5% in the third quarter. Foundry Partners LLC now owns 314,113 shares of the real estate investment trust’s stock valued at $4,818,000, after purchasing an additional 22,028 shares during the period. Pennsylvania Public Schools Empls Retrmt SYS purchased a new position in Apple Hospitality REIT during the third quarter worth $2,182,000. Texas Permanent School Fund Corp purchased a new position in Apple Hospitality REIT during the third quarter valued at $2,772,000. Mutual of America Capital Management LLC purchased a new stake in shares of Apple Hospitality REIT during the third quarter valued at $572,000. Finally, Mitsubishi UFJ Trust & Banking Corporation raised its stake in Apple Hotels Real Estate Investment Trust by 20.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corporation now owns 20,098 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 3,457 shares during the last quarter. 80.53% of the stock is currently held by institutional investors and hedge funds.
Apple Hotels REIT Stock Performance
Shares of Apple Hospitality REIT opened at $16.25 on Friday. The company’s 50-day simple moving average is $16.44 and its 200-day simple moving average is $16.01. The company has a current ratio of 0.92, a quick ratio of 0.92, and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.72 billion, a P/E ratio of 23.21, and a beta of 1.09. Apple Hospitality REIT, Inc. has a year low of $13.66 and a year high of $17.90.
Apple Hotels Real Estate Investment Trust Dividend Announcement
The company also recently announced that it will pay a monthly dividend on Friday, March 15th. Investors of record on Thursday, February 29th will receive a dividend of $0.08 per share. This represents an annualized dividend of $0.96 and a yield of 5.91%. The ex-dividend date is Wednesday, February 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) currently stands at 137.14%.
Analyst rating changes
Multiple research firms have evaluated APLE. Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Monday, January 8th. Dollar. 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. Finally, StockNews.com raised shares of Apple Hotels Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research note on Sunday, November 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.17.
Read our latest research report on Apple Hotels REIT
About Apple Hotels Real Estate Investment Trust
(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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