Healthcare of Ontario Pension Plan Trust Fund Takes Position in Apple Hospitality REIT, Inc. $APLE

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 271,560 shares of the real estate investment trust’s stock, valued at approximately $3,126,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Apple Hospitality REIT by 2.8% in the first quarter. Royal Bank of Canada now owns 170,862 shares of the real estate investment trust’s stock worth $2,205,000 after purchasing an additional 4,712 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Apple Hospitality REIT by 114.3% during the 1st quarter. AQR Capital Management LLC now owns 136,046 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 72,553 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Apple Hospitality REIT by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 137,557 shares of the real estate investment trust’s stock worth $1,776,000 after buying an additional 6,788 shares during the period. NewEdge Advisors LLC grew its position in shares of Apple Hospitality REIT by 295.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,814 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Apple Hospitality REIT by 10,235.7% in the 1st quarter. Jones Financial Companies Lllp now owns 21,705 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 21,495 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APLE has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. LADENBURG THALM/SH SH raised their target price on shares of Apple Hospitality REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Barclays reiterated an “equal weight” rating and set a $17.00 target price (up from $16.00) on shares of Apple Hospitality REIT in a report on Tuesday, July 21st. Finally, Bank of America boosted their price target on Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $13.96 per share, for a total transaction of $69,800.00. Following the completion of the acquisition, the chairman directly owned 747,191 shares in the company, valued at $10,430,786.36. This represents a 0.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is currently owned by insiders.

Apple Hospitality REIT Price Performance

APLE opened at $16.56 on Friday. The stock has a 50-day moving average price of $16.20 and a 200-day moving average price of $13.79. 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 has a market cap of $3.91 billion, a PE ratio of 22.68, a P/E/G ratio of 3.29 and a beta of 0.87. Apple Hospitality REIT, Inc. has a 1 year low of $10.85 and a 1 year high of $17.13.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data 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 company had revenue of $337.74 million for the quarter, compared to the consensus estimate of $327.81 million. Apple Hospitality REIT had a net margin of 12.08% and a return on equity of 5.43%. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, July 31st. Apple Hospitality REIT’s dividend payout ratio is currently 131.51%.

Apple Hospitality REIT Profile

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.