Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 38.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,358 shares of the real estate investment trust's stock after buying an additional 33,924 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Apple Hospitality REIT worth $1,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Apple Hospitality REIT by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 2,193 shares during the period. KBC Group NV grew its stake in shares of Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 2,541 shares during the period. Entropy Technologies LP acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth $159,000. Proficio Capital Partners LLC acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth $167,000. Finally, TD Private Client Wealth LLC raised its position in shares of Apple Hospitality REIT by 14.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock worth $174,000 after buying an additional 1,490 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

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Apple Hospitality REIT Stock Performance

Shares of APLE traded down $0.13 during mid-day trading on Friday, hitting $12.86. The stock had a trading volume of 1,972,076 shares, compared to its average volume of 2,066,301. Apple Hospitality REIT, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $16.51. 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 company has a market cap of $3.08 billion, a PE ratio of 15.12 and a beta of 1.12. The company's fifty day simple moving average is $14.61 and its two-hundred day simple moving average is $15.06.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results 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 firm had revenue of $333.04 million during the quarter, compared to analyst estimates of $330.11 million. On average, equities analysts expect 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 disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 7.47%. Apple Hospitality REIT's dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on APLE shares. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their price target 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. Finally, BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 price target for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT 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.