Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 47.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,105,783 shares of the real estate investment trust’s stock after purchasing an additional 678,905 shares during the quarter. Goldman Sachs Group Inc. owned about 0.87% of Apple Hospitality REIT worth $34,977,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in Apple Hospitality REIT by 11.9% in the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 734 shares in the last quarter. CIC Wealth LLC raised its holdings in Apple Hospitality REIT by 7.0% in 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in Apple Hospitality REIT by 5.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,598 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Apple Hospitality REIT by 1.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,284 shares of the real estate investment trust’s stock valued at $1,732,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock opened at $14.58 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 16.95 and a beta of 1.10. Apple Hospitality REIT, Inc. has a 52 week low of $13.96 and a 52 week high of $17.90. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $14.71 and its two-hundred day moving average is $15.84.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $329.51 million for the quarter, compared to analysts’ expectations of $324.68 million. Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. During the same quarter last year, the business posted $0.34 earnings per share. Research analysts forecast that Apple Hospitality REIT, Inc. will post 1.4 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.58%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Insider Transactions at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $14.78 per share, for a total transaction of $73,900.00. Following the completion of the transaction, the chairman now owns 631,990 shares in the company, valued at approximately $9,340,812.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

APLE has been the topic of several analyst reports. Wedbush initiated coverage on shares of Apple Hospitality REIT in a report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 target price on the stock. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.83.

Apple Hospitality REIT Profile

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.