Nomura Asset Management Co. Ltd. Has $3.68 Million Holdings in Apple Hospitality REIT, Inc. $APLE

Nomura Asset Management Co. Ltd. grew its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,600 shares of the real estate investment trust’s stock after acquiring an additional 7,900 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Apple Hospitality REIT worth $3,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its holdings in shares of Apple Hospitality REIT by 12,230.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,446 shares during the last quarter. NewEdge Advisors LLC boosted its position in Apple Hospitality REIT by 295.9% in the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Apple Hospitality REIT by 444.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,280 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Apple Hospitality REIT during the first quarter worth $57,000. Finally, Security National Bank acquired a new position in shares of Apple Hospitality REIT during the second quarter worth $60,000. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $11.75 on Friday. The company has a market capitalization of $2.78 billion, a PE ratio of 15.67 and a beta of 1.04. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $11.98.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The company had revenue of $373.88 million for the quarter, compared to analyst estimates of $371.94 million. Research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 8.2%. Apple Hospitality REIT’s dividend payout ratio is 131.51%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APLE. Cantor Fitzgerald assumed coverage on Apple Hospitality REIT in a research report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price objective on the stock. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research note on Tuesday, November 4th. Robert W. Baird lowered their price objective on Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apple Hospitality REIT in a report on Thursday, October 30th. Finally, Wells Fargo & Company upgraded shares of Apple Hospitality REIT to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $12.70.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.