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Lido Advisors LLC reduced its holdings in Apple Hospitality REIT, Inc. (NYSE: APLE – Free Report ) by 9.5% in the third quarter, according to Holdings Channel. The company owns 47,088 shares of the real estate investment trust stock after selling 4,927 shares during the quarter. Lido Advisors LLC’s holdings in Apple Hospitality REIT were valued at $722,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their holdings in the company. Vanguard Group Inc. increased its holdings in shares of Apple Hospitality REIT by 1.4% in the first quarter. Vanguard Group Inc. now owns 33,258,207 shares of the real estate investment trust’s stock valued at $597,649,000 after purchasing an additional 452,722 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Apple Hospitality REIT by 3.7% during the second quarter. BlackRock now owns 22,090,357 shares of the real estate investment trust’s stock valued at $333,785,000 after purchasing an additional 793,533 shares during the last quarter. State Street Corp increased its holdings in shares of Apple Hospitality REIT by 2.4% in the first quarter. State Street Bank now owns 10,696,934 shares of the real estate investment trust’s stock valued at $166,860,000 after purchasing an additional 254,813 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Apple Hospitality REIT by 0.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,893,352 shares of the real estate investment trust’s stock valued at $124,558,000 after purchasing an additional 66,044 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Apple Hospitality REIT by 19.9% during the 3rd 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. Institutional investors and hedge funds hold 80.53% of the company’s shares.
Analyst upgrades and downgrades
A number of research analysts recently issued reports on APLE stock. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lifted their target price on the company from $19.00 in a report on Monday, January 8th. Down to $18. StockNews.com cut shares of Apple Hotels Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Wells Fargo 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 report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “hold” and a consensus price target of $18.17, according to MarketBeat.
Read our latest report on Apple Hospitality REIT
Apple Hotels REIT Stock Performance
NYSE:APLE opened at $16.87 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 21.63, and a beta of 1.08. Apple Hospitality REIT, Inc. has a year low of $13.66 and a year high of $17.90. The company has a current ratio of 0.36, a quick ratio of 0.36, and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $16.33 and a 200-day moving average price of $16.13.
Apple Hotels Real Estate Investment Trust Dividend Announcement
The company also recently disclosed 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 5.69%. Apple Hospitality REIT’s dividend payout ratio is 123.08%.
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.
further reading
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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