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Arizona Retirement System reduced its holdings in shares of Apple Hospitality REIT, Inc. (NYSE: APLE – Free Report) by 1.9% during the fourth quarter, according to HoldingsChannel.com. The company owns 60,762 shares of the real estate investment trust stock after selling 1,185 shares during the quarter. As of the latest SEC filing, the Arizona Retirement System’s holdings in Apple Hospitality REIT were worth $1,009,000.
A number of other institutional investors and hedge funds have also recently modified their holdings in the company. Blue Trust Inc. increased its holdings in shares of Apple Hospitality REIT by 11.9% during the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 734 shares during the last quarter. Raymond James & Associates raised its stake in Apple Hospitality REIT by 2.5% during the fourth quarter. Raymond James & Associates now owns 155,001 shares of the real estate investment trust’s stock worth $2,575,000 after acquiring an additional 3,772 shares during the last quarter. CIC Wealth LLC increased its holdings in shares of Apple Hospitality REIT by 7.0% during the fourth quarter. CIC Wealth LLC now owns 16,730 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 1,100 shares during the last quarter. Sound Income Strategies LLC raised its stake in Apple Hospitality REIT by 9.8% in the fourth quarter. Sound Income Strategies LLC now owns 543,856 shares of the real estate investment trust’s stock valued at $9,033,000 after acquiring an additional 48,503 shares during the last quarter. Finally, Ohio Public Employees Retirement System raised its stake in Apple Hotels Real Estate Investment Trust by 5.6% in the 3rd quarter. Ohio Public Employees Retirement System now owns 421,897 shares of the real estate investment trust’s stock valued at $6,472,000 after acquiring an additional 22,292 shares during the last quarter. Institutional investors and hedge funds hold 89.66% of the company’s shares.
Analyst rating changes
Several research firms publish APLE reports. Wells Fargo & Company raised their target price on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. 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 report on Monday, January 8th. Dollar. Finally, StockNews.com downgraded shares of Apple Hotels Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.40.
View our latest stock analysis on APLE
Apple Hotels REIT Price Performance
APLE shares opened Tuesday at $15.62. Apple Hospitality REIT, Inc. has a 52-week low of $14.22 and a 52-week high of $17.90. The company has a market capitalization of $3.79 billion, a P/E ratio of 20.03, and a beta of 1.08. The company’s 50-day simple moving average is $16.22 and its 200-day simple moving average is $16.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36, and a current ratio of 0.36.
Apple Hospitality REIT announces dividend
The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Stockholders of record were paid a dividend of $0.08 per share on Thursday, March 28th. The ex-dividend date for this dividend is Wednesday, March 27. This represents an annualized dividend of $0.96 and a dividend yield of 6.15%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 123.08%.
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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Want to see which other hedge funds hold APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Apple Hospitality REIT, Inc. (NYSE: APLE – Free Report).
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