GAMMA Investing LLC Has $75,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

GAMMA Investing LLC grew its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 80.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,905 shares of the real estate investment trust’s stock after acquiring an additional 2,193 shares during the period. GAMMA Investing LLC’s holdings in Apple Hospitality REIT were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of APLE. Amalgamated Bank raised its position in Apple Hospitality REIT by 1.2% during the 2nd quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock worth $996,000 after purchasing an additional 813 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Apple Hospitality REIT by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 921 shares during the period. Ellis Investment Partners LLC raised its position in shares of Apple Hospitality REIT by 4.6% during the third quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 948 shares during the last quarter. Inspire Advisors LLC lifted its stake in shares of Apple Hospitality REIT by 8.2% in the third quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 1,008 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Apple Hospitality REIT by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 169,222 shares of the real estate investment trust’s stock valued at $2,513,000 after acquiring an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $14.60 on Friday. The firm has a market capitalization of $3.50 billion, a P/E ratio of 17.18 and a beta of 1.13. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $16.99. The company has a fifty day moving average of $15.65 and a 200-day moving average of $14.97. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last released 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). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The firm had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.58%. Apple Hospitality REIT’s payout ratio is 112.94%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APLE shares. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 price target for the company. Oppenheimer restated an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Finally, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Three equities 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.com, the company has an average rating of “Hold” and an average price target of $16.50.

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.