Monarch Partners Asset Management LLC raised its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 37.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 431,640 shares of the real estate investment trust’s stock after buying an additional 117,880 shares during the quarter. Monarch Partners Asset Management LLC owned 0.19% of Apple Hospitality REIT worth $8,162,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group bought a new stake in Apple Hospitality REIT in the 2nd quarter valued at $102,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Apple Hospitality REIT by 26.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,393 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Apple Hospitality REIT by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,069 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 494 shares in the last quarter. IMS Capital Management acquired a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at $140,000. Finally, Ffcm LLC boosted its stake in shares of Apple Hospitality REIT by 353.1% in the 2nd quarter. Ffcm LLC now owns 8,374 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 6,526 shares in the last quarter. 49.15% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on APLE shares. BidaskClub downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Canaccord Genuity reiterated a “hold” rating and set a $19.00 price target (down previously from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.67.

In other Apple Hospitality REIT news, Director Redd Hugh bought 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average cost of $17.83 per share, with a total value of $89,150.00. Following the purchase, the director now owns 61,495 shares in the company, valued at $1,096,455.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Glade M. Knight bought 20,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $17.62 per share, with a total value of $352,400.00. Following the completion of the purchase, the chairman now owns 10,041,357 shares in the company, valued at approximately $176,928,710.34. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 45,000 shares of company stock valued at $794,950. 6.30% of the stock is owned by company insiders.

Shares of Apple Hospitality REIT, Inc. (APLE) traded up $0.46 during mid-day trading on Tuesday, hitting $19.36. The stock had a trading volume of 339,772 shares, compared to its average volume of 845,654. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $4,320.00 and a PE ratio of 10.72. Apple Hospitality REIT, Inc. has a one year low of $17.32 and a one year high of $20.68.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. Apple Hospitality REIT had a return on equity of 5.05% and a net margin of 14.97%. Apple Hospitality REIT’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. analysts anticipate that Apple Hospitality REIT, Inc. will post 1.73 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Friday, November 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 6.20%. Apple Hospitality REIT’s payout ratio is 118.81%.

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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 September 13, 2017, the Company owned 237 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 33 states.

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

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