Apple Hospitality REIT, Inc. (NYSE:APLE) Stake Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,653 shares of the real estate investment trust's stock after acquiring an additional 40,037 shares during the period. Wells Fargo & Company MN owned 0.07% of Apple Hospitality REIT worth $2,681,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $21,099,000. Charles Schwab Investment Management Inc. increased its position in shares of Apple Hospitality REIT by 3.0% in 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 acquiring an additional 133,505 shares in the last quarter. Barclays PLC raised its stake in shares of Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after acquiring an additional 229,293 shares during the period. KBC Group NV lifted its holdings in shares of Apple Hospitality REIT by 37.8% during the 4th 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Apple Hospitality REIT during the 4th quarter worth $3,844,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Up 0.3 %

APLE traded up $0.04 during trading on Monday, hitting $11.93. The company had a trading volume of 2,415,760 shares, compared to its average volume of 2,221,212. The company has a market cap of $2.85 billion, a PE ratio of 14.04 and a beta of 1.00. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The business has a 50-day moving average of $13.03 and a 200-day moving average of $14.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04.

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, 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 firm had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. As a group, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 8.05%. Apple Hospitality REIT's dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

Several research analysts have commented on the company. 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. Wells Fargo & Company dropped their target price 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.