Apple Hospitality REIT (NYSE:APLE) Hits New 1-Year Low - Should You Sell?

Apple Hospitality REIT, Inc. (NYSE:APLE - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $13.01 and last traded at $13.12, with a volume of 576467 shares trading hands. The stock had previously closed at $13.51.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APLE shares. Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company 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 target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Finally, BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They issued an "outperform" rating and a $18.00 price objective for the company. Three research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $16.80.

Apple Hospitality REIT Stock Performance

The company has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $15.10. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 15.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04.

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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 earnings per share for the quarter, beating 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 analyst estimates of $330.11 million. As a group, equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.19%. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 109.09%.

Hedge Funds Weigh In On Apple Hospitality REIT

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $31,000. Quarry LP lifted its stake in Apple Hospitality REIT by 128.1% during the fourth quarter. Quarry LP now owns 3,118 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,751 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Apple Hospitality REIT in the fourth quarter worth about $51,000. GF Fund Management CO. LTD. purchased a new position in shares of Apple Hospitality REIT in the fourth quarter worth approximately $64,000. Finally, GAMMA Investing LLC raised its holdings in shares of Apple Hospitality REIT by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after acquiring an additional 2,193 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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.