Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by abrdn plc

abrdn plc raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,742 shares of the real estate investment trust's stock after purchasing an additional 23,456 shares during the quarter. abrdn plc's holdings in Apple Hospitality REIT were worth $1,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust's stock valued at $66,187,000 after acquiring an additional 182,917 shares during the period. Centiva Capital LP purchased a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at approximately $1,067,000. Barclays PLC raised its stake in shares of Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after acquiring an additional 229,293 shares during the period. Foundry Partners LLC raised its stake in shares of Apple Hospitality REIT by 29.6% in the 3rd quarter. Foundry Partners LLC now owns 474,672 shares of the real estate investment trust's stock valued at $7,049,000 after acquiring an additional 108,523 shares during the period. Finally, KBC Group NV raised its stake in shares of Apple Hospitality REIT by 37.8% in the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 2,541 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Down 0.4 %

APLE traded down $0.06 during trading hours on Friday, hitting $15.26. 1,458,998 shares of the company's stock were exchanged, compared to its average volume of 1,658,043. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The firm has a 50 day moving average of $15.39 and a 200 day moving average of $15.09. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.66 billion, a P/E ratio of 17.95 and a beta of 1.13.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT's dividend payout ratio is presently 112.94%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reissued an "outperform" rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. StockNews.com raised shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an "outperform" rating and a $18.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.60.

Apple Hospitality REIT Profile

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.