Fmr LLC Has $401,000 Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Fmr LLC trimmed its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 98.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,003 shares of the real estate investment trust’s stock after selling 1,940,998 shares during the quarter. Fmr LLC’s holdings in Apple Hospitality REIT were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Apple Hospitality REIT by 17.2% in the second quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust’s stock valued at $87,518,000 after purchasing an additional 881,217 shares during the last quarter. Edgestream Partners L.P. grew its stake in Apple Hospitality REIT by 400.8% in the 2nd quarter. Edgestream Partners L.P. now owns 638,625 shares of the real estate investment trust’s stock valued at $9,286,000 after buying an additional 511,100 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Apple Hospitality REIT by 911.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the real estate investment trust’s stock valued at $5,648,000 after acquiring an additional 350,000 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in Apple Hospitality REIT by 3,768.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 348,156 shares of the real estate investment trust’s stock worth $5,062,000 after acquiring an additional 339,156 shares during the last quarter. Finally, Masterton Capital Management LP bought a new stake in shares of Apple Hospitality REIT during the second quarter worth approximately $3,378,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APLE. Oppenheimer reiterated an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. BMO Capital Markets began coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

APLE opened at $15.34 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a 52-week low of $13.60 and a 52-week high of $17.30. The firm has a market cap of $3.68 billion, a P/E ratio of 18.05 and a beta of 1.13. The business’s fifty day moving average is $15.57 and its 200-day moving average is $14.88.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The firm had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same quarter in the previous year, the company earned $0.45 earnings per share. Sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 6.26%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 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.