Mutual of America Capital Management LLC Cuts Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Mutual of America Capital Management LLC lowered its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,674 shares of the real estate investment trust’s stock after selling 3,370 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Apple Hospitality REIT were worth $500,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of APLE. Walleye Trading LLC purchased a new position in shares of Apple Hospitality REIT in the 1st quarter worth approximately $168,000. Burney Co. bought a new position in Apple Hospitality REIT in the 1st quarter valued at $565,000. Aurora Investment Counsel increased its position in shares of Apple Hospitality REIT by 4.5% during the 1st quarter. Aurora Investment Counsel now owns 26,799 shares of the real estate investment trust’s stock valued at $439,000 after purchasing an additional 1,156 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Apple Hospitality REIT by 51.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 38,414 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 13,000 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Apple Hospitality REIT by 86.8% in the second quarter. Harbor Capital Advisors Inc. now owns 148,730 shares of the real estate investment trust’s stock valued at $2,163,000 after acquiring an additional 69,123 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Oppenheimer restated an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Stock Up 0.2 %

Shares of APLE opened at $16.20 on Thursday. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $17.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $14.71. The firm has a market cap of $3.89 billion, a P/E ratio of 19.02 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 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.