Apple Hospitality REIT, Inc. $APLE Stake Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 19.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,968 shares of the real estate investment trust’s stock after buying an additional 61,354 shares during the period. Hsbc Holdings PLC’s holdings in Apple Hospitality REIT were worth $4,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp raised its stake in Apple Hospitality REIT by 0.5% during the 4th quarter. State Street Corp now owns 12,962,856 shares of the real estate investment trust’s stock valued at $154,627,000 after acquiring an additional 68,794 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Apple Hospitality REIT by 1.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 7,107,802 shares of the real estate investment trust’s stock worth $84,227,000 after purchasing an additional 127,327 shares in the last quarter. UBS Group AG increased its holdings in shares of Apple Hospitality REIT by 60.8% during the fourth quarter. UBS Group AG now owns 4,721,481 shares of the real estate investment trust’s stock valued at $55,950,000 after purchasing an additional 1,786,018 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple Hospitality REIT by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,714,872 shares of the real estate investment trust’s stock valued at $55,871,000 after purchasing an additional 125,759 shares during the period. Finally, Centerbridge Partners L.P. raised its stake in shares of Apple Hospitality REIT by 88.2% during the fourth quarter. Centerbridge Partners L.P. now owns 4,229,785 shares of the real estate investment trust’s stock valued at $50,123,000 after purchasing an additional 1,982,000 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APLE has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Apple Hospitality REIT in a report on Monday, June 1st. They issued a “neutral” rating and a $15.00 price objective for the company. Cantor Fitzgerald boosted their price target on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Barclays upped their price target on shares of Apple Hospitality REIT from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets increased their price objective on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company raised their price objective on shares of Apple Hospitality REIT from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.94.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $16.36 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50 day moving average is $15.35 and its 200-day moving average is $13.30. Apple Hospitality REIT, Inc. has a 12-month low of $10.85 and a 12-month high of $17.06. The stock has a market capitalization of $3.86 billion, a P/E ratio of 22.42, a P/E/G ratio of 7.85 and a beta of 0.87.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $337.74 million during the quarter, compared to analyst estimates of $327.81 million. Apple Hospitality REIT had a net margin of 12.08% and a return on equity of 5.43%. Equities research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.58 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.9%. Apple Hospitality REIT’s dividend payout ratio is currently 131.51%.

Insider Activity at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $13.96 per share, for a total transaction of $69,800.00. Following the transaction, the chairman owned 747,191 shares of the company’s stock, valued at approximately $10,430,786.36. The trade was a 0.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.90% of the company’s stock.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.