Natixis Has $3.12 Million Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Natixis increased its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1,011.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,478 shares of the real estate investment trust's stock after purchasing an additional 185,178 shares during the quarter. Natixis owned 0.08% of Apple Hospitality REIT worth $3,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APLE. HighTower Advisors LLC purchased a new stake in shares of Apple Hospitality REIT during the third quarter valued at $200,000. Barclays PLC raised its holdings in Apple Hospitality REIT by 118.8% during 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 period. Sanctuary Advisors LLC lifted its stake in Apple Hospitality REIT by 12.2% during the third quarter. Sanctuary Advisors LLC now owns 26,001 shares of the real estate investment trust's stock valued at $419,000 after buying an additional 2,819 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Apple Hospitality REIT by 7.0% in the third quarter. Tidal Investments LLC now owns 60,270 shares of the real estate investment trust's stock worth $895,000 after buying an additional 3,944 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Apple Hospitality REIT by 12.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,032 shares of the real estate investment trust's stock worth $329,000 after buying an additional 2,422 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APLE has been the subject of several research analyst reports. Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price target for the company from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Apple Hospitality REIT has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

APLE traded down $0.02 on Friday, hitting $11.90. The company had a trading volume of 1,889,097 shares, compared to its average volume of 2,220,828. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 14.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The company's fifty day moving average price is $13.03 and its 200 day moving average price is $14.60. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50.

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

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.07%. Apple Hospitality REIT's payout ratio is presently 109.09%.

About Apple Hospitality REIT

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.