Centiva Capital LP Makes New $1.07 Million Investment in Apple Hospitality REIT, Inc. (NYSE:APLE)

Centiva Capital LP purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 71,860 shares of the real estate investment trust's stock, valued at approximately $1,067,000.

Other hedge funds also recently made changes to their positions in the company. Masterton Capital Management LP acquired a new position in Apple Hospitality REIT during the second quarter worth $3,378,000. Dimensional Fund Advisors LP lifted its position in Apple Hospitality REIT by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust's stock worth $49,072,000 after buying an additional 154,159 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple Hospitality REIT by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust's stock worth $66,187,000 after buying an additional 182,917 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Apple Hospitality REIT by 14.9% in the 3rd quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust's stock valued at $12,156,000 after acquiring an additional 105,993 shares in the last quarter. Finally, Aurora Investment Counsel grew its holdings in shares of Apple Hospitality REIT by 182.9% in the 2nd quarter. Aurora Investment Counsel now owns 75,802 shares of the real estate investment trust's stock valued at $1,102,000 after acquiring an additional 49,003 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Performance

APLE traded up $0.08 during trading hours on Friday, reaching $16.05. The company's stock had a trading volume of 1,133,839 shares, compared to its average volume of 2,033,009. The company's 50-day moving average is $15.38 and its 200-day moving average is $14.77. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The firm has a market cap of $3.85 billion, a PE ratio of 18.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings data 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 previous year, the company earned $0.45 earnings per share. On average, equities analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, November 29th. Apple Hospitality REIT's payout ratio is 112.94%.

Analysts Set New Price Targets

Several research analysts recently commented on APLE shares. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.50.

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.