Victory Capital Management Inc. Has $103.89 Million Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Victory Capital Management Inc. lifted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,767,740 shares of the real estate investment trust's stock after buying an additional 29,781 shares during the period. Victory Capital Management Inc. owned about 2.82% of Apple Hospitality REIT worth $103,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Keybank National Association OH boosted its position in 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 valued at $617,000 after buying an additional 1,218 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock worth $70,465,000 after buying an additional 133,505 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Apple Hospitality REIT by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 25,677 shares of the real estate investment trust's stock valued at $394,000 after acquiring an additional 2,621 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Apple Hospitality REIT by 23.0% in the 4th quarter. QRG Capital Management Inc. now owns 157,397 shares of the real estate investment trust's stock worth $2,416,000 after acquiring an additional 29,446 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $167,000. Institutional investors own 89.66% of the company's stock.

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Apple Hospitality REIT Trading Up 2.2 %

Apple Hospitality REIT stock traded up $0.32 during mid-day trading on Friday, hitting $14.68. The stock had a trading volume of 2,781,902 shares, compared to its average volume of 1,900,315. The stock has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $15.15. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.52 billion, a PE ratio of 17.26 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $16.99.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings results 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. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. As a group, sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT's payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

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