BNP Paribas Arbitrage SA lowered its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,990 shares of the real estate investment trust’s stock after selling 20,640 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Apple Hospitality REIT worth $2,226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APLE. UBS Asset Management Americas Inc. increased its position in shares of Apple Hospitality REIT by 28.9% in the first quarter. UBS Asset Management Americas Inc. now owns 423,193 shares of the real estate investment trust’s stock valued at $8,083,000 after buying an additional 94,974 shares during the last quarter. Swiss National Bank increased its position in shares of Apple Hospitality REIT by 28.2% in the first quarter. Swiss National Bank now owns 349,710 shares of the real estate investment trust’s stock valued at $6,679,000 after buying an additional 76,900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Apple Hospitality REIT by 26.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,475 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 2,838 shares during the last quarter. RMR Advisors LLC bought a new position in shares of Apple Hospitality REIT during the first quarter valued at approximately $191,000. Finally, Bank of New York Mellon Corp increased its position in shares of Apple Hospitality REIT by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 1,278,318 shares of the real estate investment trust’s stock valued at $24,416,000 after buying an additional 83,872 shares during the last quarter. 49.18% of the stock is currently owned by hedge funds and other institutional investors.

Apple Hospitality REIT, Inc. (NYSE APLE) opened at 18.18 on Friday. The stock has a 50 day moving average price of $18.15 and a 200 day moving average price of $18.84. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 22.06 and a beta of 0.60. Apple Hospitality REIT, Inc. has a 52-week low of $17.32 and a 52-week high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01. Apple Hospitality REIT had a net margin of 14.97% and a return on equity of 5.05%. The business had revenue of $331.70 million for the quarter, compared to analysts’ expectations of $335.94 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 28.7% on a year-over-year basis. Equities research analysts forecast that Apple Hospitality REIT, Inc. will post $0.98 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.20 annualized dividend and a yield of 6.60%. Apple Hospitality REIT’s payout ratio is 150.00%.

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Several research analysts have commented on the company. BidaskClub raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. FBR & Co reaffirmed a “hold” rating on shares of Apple Hospitality REIT in a report on Saturday, May 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $21.00 target price on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. Zacks Investment Research raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $20.00 target price on shares of Apple Hospitality REIT in a report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.20.

In other news, insider Justin G. Knight bought 5,400 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was bought at an average cost of $18.64 per share, for a total transaction of $100,656.00. Following the completion of the acquisition, the insider now owns 1,005,274 shares in the company, valued at approximately $18,738,307.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Redd Hugh bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $17.96 per share, with a total value of $35,920.00. Following the completion of the acquisition, the director now owns 59,495 shares of the company’s stock, valued at approximately $1,068,530.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 50,400 shares of company stock valued at $895,606. Company insiders own 6.30% of the company’s stock.

Apple Hospitality REIT Company 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 December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

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

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