Natixis Advisors LLC Takes $266,000 Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Natixis Advisors LLC bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,320 shares of the real estate investment trust’s stock, valued at approximately $266,000.

A number of other hedge funds also recently added to or reduced their stakes in APLE. Charles Schwab Investment Management Inc. increased its position in shares of Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after acquiring an additional 133,505 shares during the period. Centiva Capital LP acquired a new position in Apple Hospitality REIT during the 3rd quarter worth $1,067,000. Barclays PLC grew its stake in Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after purchasing an additional 229,293 shares in the last quarter. KBC Group NV increased its holdings in Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,541 shares during the period. Finally, EMC Capital Management raised its position in Apple Hospitality REIT by 44,346.3% in the 4th quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 23,947 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets started coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Finally, Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $12.86 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 15.12 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 1 year low of $12.76 and a 1 year high of $16.51. The stock’s 50-day moving average is $14.61 and its two-hundred day moving average is $15.06. 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 (NYSE:APLE) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million for the quarter, compared to analysts’ expectations of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio is currently 109.09%.

Apple Hospitality REIT Company 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.