Van ECK Associates Corp raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,254 shares of the real estate investment trust’s stock after purchasing an additional 1,046 shares during the quarter. Van ECK Associates Corp’s holdings in Apple Hospitality REIT were worth $387,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Apple Hospitality REIT in the 1st quarter worth about $25,000. Advisory Services Network LLC raised its holdings in shares of Apple Hospitality REIT by 255.5% in the 1st quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,500 shares during the period. Covestor Ltd raised its holdings in shares of Apple Hospitality REIT by 328.2% in the 2nd quarter. Covestor Ltd now owns 2,882 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,209 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Apple Hospitality REIT during the 3rd quarter valued at about $72,000. Finally, First Manhattan Co. purchased a new stake in shares of Apple Hospitality REIT during the 1st quarter valued at about $99,000. 80.53% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently commented on APLE. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Sunday, November 12th. Wells Fargo & Company raised their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Finally, Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $18.00 in a report on Monday, January 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and an average target price of $18.17.
Shares of NYSE APLE opened at $15.93 on Monday. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $17.90. The business has a 50 day moving average price of $16.54 and a two-hundred day moving average price of $15.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.64 billion, a PE ratio of 22.76 and a beta of 1.09.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.03%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 137.14%.
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.
• Five stocks we like better than Apple Hospitality REIT
• When to Sell a Stock for Profit or Loss
• What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report).
Receive News & Ratings for Apple Hospitality REIT Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple Hospitality REIT and related companies with MarketBeat.com’s FREE daily email newsletter.…Read more by Defense World Staff
