Creative Planning Raises Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Creative Planning increased its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,059 shares of the real estate investment trust’s stock after buying an additional 3,580 shares during the period. Creative Planning’s holdings in Apple Hospitality REIT were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Apple Hospitality REIT by 3.5% during the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock valued at $582,400,000 after buying an additional 1,217,142 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Apple Hospitality REIT by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,398,673 shares of the real estate investment trust’s stock worth $121,192,000 after purchasing an additional 253,082 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Apple Hospitality REIT by 17.2% in the 2nd quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust’s stock worth $87,518,000 after purchasing an additional 881,217 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Apple Hospitality REIT by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after purchasing an additional 154,159 shares in the last quarter. Finally, LSV Asset Management lifted its position in Apple Hospitality REIT by 2.1% in the 2nd quarter. LSV Asset Management now owns 2,572,043 shares of the real estate investment trust’s stock valued at $37,398,000 after acquiring an additional 53,300 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on APLE shares. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Apple Hospitality REIT in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $16.25.

Apple Hospitality REIT Trading Up 6.6 %

NYSE:APLE opened at $15.74 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 18.52 and a beta of 1.11. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $17.90. The business has a fifty day moving average price of $14.79 and a 200-day moving average price of $14.63.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. During the same quarter last year, the company earned $0.45 earnings per share. Sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Thursday, October 31st. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

About Apple Hospitality REIT

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.