Apple Hospitality REIT, Inc. (NYSE:APLE) Short Interest Update

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 7,680,000 shares, a decline of 12.4% from the January 31st total of 8,770,000 shares. Currently, 3.4% of the company's shares are sold short. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of Apple Hospitality REIT

Several large investors have recently made changes to their positions in APLE. Summit Investment Advisors Inc. raised its holdings in shares of Apple Hospitality REIT by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 755 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Apple Hospitality REIT by 6.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 921 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 1,128 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 8.5% in the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust's stock valued at $223,000 after buying an additional 1,137 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of Apple Hospitality REIT by 3.1% in the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock worth $617,000 after buying an additional 1,218 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

APLE has been the subject of several research reports. BMO Capital Markets began coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They issued an "outperform" rating and a $18.00 price target for the company. Wells Fargo & Company cut their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their price objective for the company from $16.00 to $17.00 in a research report on Monday, January 27th. Finally, StockNews.com upgraded Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT presently has an average rating of "Moderate Buy" and an average price target of $16.80.

Apple Hospitality REIT Stock Down 3.2 %

Shares of APLE traded down $0.48 during midday trading on Monday, hitting $14.20. 3,948,790 shares of the company's stock traded hands, compared to its average volume of 1,909,417. The firm's fifty day moving average is $15.07 and its 200-day moving average is $15.16. Apple Hospitality REIT has a 1 year low of $13.60 and a 1 year high of $16.99. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.70 and a beta of 1.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

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

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.

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.