Advisors Preferred LLC Acquires New Shares in Apple Hospitality REIT, Inc. (NYSE:APLE)

Advisors Preferred LLC purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 307,190 shares of the real estate investment trust's stock, valued at approximately $4,651,000. Advisors Preferred LLC owned approximately 0.13% of Apple Hospitality REIT at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Apple Hospitality REIT by 11.9% during the 3rd quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust's stock valued at $100,059,000 after buying an additional 718,844 shares in the last quarter. Holocene Advisors LP bought a new stake in Apple Hospitality REIT during the 3rd quarter valued at $4,285,000. Barclays PLC grew its position 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 worth $6,273,000 after buying an additional 229,293 shares during the last quarter. Systematic Financial Management LP raised its holdings in Apple Hospitality REIT by 11.0% in the 3rd quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust's stock worth $31,183,000 after purchasing an additional 207,256 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Apple Hospitality REIT by 1,110.9% during the fourth quarter. SG Americas Securities LLC now owns 205,409 shares of the real estate investment trust's stock valued at $3,153,000 after purchasing an additional 188,446 shares in the last quarter. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Price Performance

Shares of Apple Hospitality REIT stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.26. 1,241,816 shares of the stock traded hands, compared to its average volume of 1,675,800. The business has a 50-day moving average of $15.41 and a 200 day moving average of $15.08. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $16.99. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.66 billion, a PE ratio of 17.95 and a beta of 1.13.

Apple Hospitality REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Apple Hospitality REIT Company 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.