Charles Schwab Investment Management Inc. Buys 133,505 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Charles Schwab Investment Management Inc. grew its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,590,568 shares of the real estate investment trust's stock after acquiring an additional 133,505 shares during the period. Charles Schwab Investment Management Inc. owned about 1.91% of Apple Hospitality REIT worth $70,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hudson Edge Investment Partners Inc. grew its position in shares of Apple Hospitality REIT by 4.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust's stock valued at $416,000 after acquiring an additional 1,272 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Apple Hospitality REIT by 14.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 1,490 shares in the last quarter. Covestor Ltd lifted its stake in shares of Apple Hospitality REIT by 30.0% during the 3rd quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust's stock valued at $118,000 after buying an additional 1,831 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Apple Hospitality REIT by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 2,193 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Apple Hospitality REIT by 0.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 284,100 shares of the real estate investment trust's stock valued at $4,219,000 after buying an additional 2,200 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Price Performance

APLE stock opened at $13.73 on Wednesday. The firm's 50-day moving average price is $15.04 and its two-hundred day moving average price is $15.15. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 16.15 and a beta of 1.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

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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 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 business had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million. As a group, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.99%. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an "outperform" rating and a $18.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Finally, Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price target for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

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.

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