Barclays PLC Has $6.27 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Barclays PLC raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 118.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 422,361 shares of the real estate investment trust's stock after acquiring an additional 229,293 shares during the period. Barclays PLC owned about 0.18% of Apple Hospitality REIT worth $6,273,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APLE. EdgeRock Capital LLC acquired a new stake in shares of Apple Hospitality REIT in the second quarter valued at about $26,000. Quarry LP grew its stake in Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,290 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 780 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Apple Hospitality REIT by 4,406.5% during the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on APLE shares. Oppenheimer restated an "outperform" rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, September 13th. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They issued an "outperform" rating and a $18.00 target price on the stock. Finally, StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

Shares of APLE traded up $0.27 during trading hours on Friday, hitting $15.61. The company had a trading volume of 5,723,296 shares, compared to its average volume of 2,032,749. The business has a fifty day moving average of $15.58 and a 200-day moving average of $14.88. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 18.36 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $17.30.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. During the same period in the prior year, the company earned $0.45 earnings per share. Equities analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.15%. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 112.94%.

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.