Amundi Buys 74,182 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Amundi lifted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 44.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 239,608 shares of the real estate investment trust's stock after purchasing an additional 74,182 shares during the period. Amundi owned 0.10% of Apple Hospitality REIT worth $3,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Apple Hospitality REIT by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 2,193 shares during the period. KBC Group NV boosted its holdings in Apple Hospitality REIT by 37.8% in the fourth 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 last quarter. Entropy Technologies LP acquired a new stake in Apple Hospitality REIT in the fourth quarter worth about $159,000. Proficio Capital Partners LLC bought a new stake in Apple Hospitality REIT during the 4th quarter worth about $167,000. Finally, TD Private Client Wealth LLC lifted its position in Apple Hospitality REIT by 14.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock valued at $174,000 after purchasing an additional 1,490 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Trading Down 0.6 %

NYSE:APLE traded down $0.09 during trading hours on Thursday, hitting $13.52. The stock had a trading volume of 1,752,740 shares, compared to its average volume of 1,926,229. The business's 50 day moving average is $14.84 and its 200-day moving average is $15.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 15.90 and a beta of 1.12. Apple Hospitality REIT, Inc. has a one year low of $13.11 and a one year high of $16.83.

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Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date was Friday, February 28th. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on APLE shares. Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an "outperform" rating and a $18.00 target price for the company. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company reduced their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. 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 MarketBeat, Apple Hospitality REIT currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

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.