Apollon Wealth Management LLC Purchases New Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Apollon Wealth Management LLC purchased a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,009 shares of the real estate investment trust's stock, valued at approximately $261,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 780 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Apple Hospitality REIT by 6.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 921 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in Apple Hospitality REIT by 4.6% in the 3rd quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust's stock valued at $318,000 after buying an additional 948 shares in the last quarter. Inspire Advisors LLC boosted its stake in Apple Hospitality REIT by 8.2% in the 3rd quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust's stock valued at $198,000 after buying an additional 1,008 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Apple Hospitality REIT by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 169,222 shares of the real estate investment trust's stock worth $2,513,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.

Apple Hospitality REIT Trading Down 0.4 %

Shares of APLE opened at $15.26 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The firm has a market capitalization of $3.66 billion, a PE ratio of 17.95 and a beta of 1.13. The stock's fifty day simple moving average is $15.39 and its 200-day simple moving average is $15.09.

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 paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Friday, January 31st. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 112.94%.

Analyst Ratings Changes

A number of research firms have commented on APLE. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. BMO Capital Markets began coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an "outperform" rating and a $18.00 price objective on the stock. Finally, Oppenheimer reissued 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Apple Hospitality REIT presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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