Apple Hospitality REIT, Inc. $APLE Shares Bought by LSV Asset Management

LSV Asset Management grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,741,253 shares of the real estate investment trust’s stock after buying an additional 221,976 shares during the period. LSV Asset Management owned 1.16% of Apple Hospitality REIT worth $31,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in Apple Hospitality REIT by 2.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 315,600 shares of the real estate investment trust’s stock valued at $3,683,000 after acquiring an additional 7,900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Apple Hospitality REIT by 4.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 294,211 shares of the real estate investment trust’s stock valued at $3,433,000 after purchasing an additional 12,500 shares during the period. Cetera Investment Advisers increased its holdings in shares of Apple Hospitality REIT by 6.6% in the second quarter. Cetera Investment Advisers now owns 22,288 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 1,387 shares during the period. Creative Planning raised its stake in shares of Apple Hospitality REIT by 9.2% during the second quarter. Creative Planning now owns 25,799 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 2,173 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Apple Hospitality REIT during the second quarter worth $369,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on APLE shares. Wells Fargo & Company raised shares of Apple Hospitality REIT to a “hold” rating in a research note on Friday, October 3rd. Robert W. Baird dropped their price target on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Apple Hospitality REIT in a research report on Thursday, October 30th. Cantor Fitzgerald started coverage on Apple Hospitality REIT in a report on Wednesday, October 1st. They issued an “overweight” rating and a $14.00 price objective on the stock. Finally, Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.70.

Apple Hospitality REIT Stock Down 0.0%

APLE opened at $11.56 on Wednesday. The firm has a market cap of $2.73 billion, a P/E ratio of 15.41 and a beta of 1.04. The business’s fifty day simple moving average is $11.83 and its 200 day simple moving average is $11.99. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The firm had revenue of $373.88 million during the quarter, compared to the consensus estimate of $371.94 million. As a group, equities research analysts anticipate 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 will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 8.3%. Apple Hospitality REIT’s dividend payout ratio is presently 131.51%.

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.