Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,169 shares of the real estate investment trust's stock after selling 42,270 shares during the period. Dakota Wealth Management owned 0.08% of Apple Hospitality REIT worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH raised its position in Apple Hospitality REIT by 0.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 920,660 shares of the real estate investment trust's stock valued at $14,132,000 after purchasing an additional 3,430 shares during the period. Burney Co. raised its holdings in shares of Apple Hospitality REIT by 8.9% in the fourth quarter. Burney Co. now owns 39,137 shares of the real estate investment trust's stock worth $601,000 after buying an additional 3,208 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 worth $75,000 after buying an additional 2,193 shares during the period. JPMorgan Chase & Co. grew its stake in Apple Hospitality REIT by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust's stock worth $77,867,000 after purchasing an additional 18,858 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Apple Hospitality REIT by 12.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,032 shares of the real estate investment trust's stock worth $329,000 after purchasing an additional 2,422 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Performance

Shares of NYSE APLE traded up $0.08 during trading on Thursday, reaching $15.26. 1,362,062 shares of the company traded hands, compared to its average volume of 1,725,547. The firm's fifty day simple moving average is $15.56 and its 200 day simple moving average is $15.01. The stock has a market cap of $3.66 billion, a P/E ratio of 17.95 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

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

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 112.94%.

Analyst Ratings Changes

APLE has been the topic of several recent research reports. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 target price on the stock. StockNews.com upgraded Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Finally, Oppenheimer restated an "outperform" rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.