Nomura Asset Management Co. Ltd. lifted its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 16.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,470 shares of the real estate investment trust’s stock after acquiring an additional 17,510 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.05% of Apple Hospitality REIT worth $2,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its position in Apple Hospitality REIT by 10.7% in the second quarter. BlackRock Inc. now owns 13,276,704 shares of the real estate investment trust’s stock worth $248,408,000 after buying an additional 1,282,080 shares during the last quarter. State Street Corp grew its position in Apple Hospitality REIT by 4.8% in the second quarter. State Street Corp now owns 5,687,869 shares of the real estate investment trust’s stock worth $106,419,000 after buying an additional 261,327 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Apple Hospitality REIT by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,941,920 shares of the real estate investment trust’s stock worth $55,632,000 after buying an additional 59,310 shares during the last quarter. Wells Fargo & Company MN grew its position in Apple Hospitality REIT by 1.9% in the third quarter. Wells Fargo & Company MN now owns 2,365,975 shares of the real estate investment trust’s stock worth $44,741,000 after buying an additional 43,430 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Apple Hospitality REIT by 36.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 2,167,127 shares of the real estate investment trust’s stock worth $40,981,000 after buying an additional 582,794 shares during the last quarter. Institutional investors and hedge funds own 50.91% of the company’s stock.

In other news, insider Glade M. Knight acquired 5,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $95,900.00. Following the transaction, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Apple Hospitality REIT Inc (APLE) opened at $19.56 on Tuesday. Apple Hospitality REIT Inc has a 52-week low of $17.49 and a 52-week high of $20.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $4,403.22, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 2.27 and a beta of 0.62.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a net margin of 18.37% and a return on equity of 6.46%. The firm had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $324.66 million. During the same period in the previous year, the company posted $0.49 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. equities analysts anticipate that Apple Hospitality REIT Inc will post 1.74 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s payout ratio is 118.81%.

Several research analysts have issued reports on APLE shares. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Robert W. Baird set a $20.00 price target on shares of Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. BidaskClub upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet upgraded shares of Apple Hospitality REIT from a “c” rating to a “b-” rating in a research report on Friday. Finally, B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.67.

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Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of October 23, 2017, the Company owned 238 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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