Charles Schwab Investment Management Inc. Purchases 182,917 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Charles Schwab Investment Management Inc. increased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,457,063 shares of the real estate investment trust's stock after buying an additional 182,917 shares during the period. Charles Schwab Investment Management Inc. owned 1.86% of Apple Hospitality REIT worth $66,187,000 at the end of the most recent reporting period.

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

Apple Hospitality REIT Stock Performance

APLE traded down $0.01 during trading on Friday, reaching $16.11. 1,021,796 shares of the company's stock were exchanged, compared to its average volume of 2,037,075. The company has a market capitalization of $3.87 billion, a P/E ratio of 19.06 and a beta of 1.11. 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 business has a 50 day moving average price of $15.29 and a 200 day moving average price of $14.73. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.90.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its 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 business had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.96%. Apple Hospitality REIT's payout ratio is presently 112.94%.

Wall Street Analysts Forecast Growth

APLE has been the subject of several research reports. Oppenheimer reissued an "outperform" rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Wells Fargo & Company decreased their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com raised shares of 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 one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT 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.