58,360 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,360 shares of the real estate investment trust's stock, valued at approximately $896,000.

Several other large investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Apple Hospitality REIT in the 4th quarter valued at about $31,000. Brown Brothers Harriman & Co. acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $51,000. GAMMA Investing LLC lifted its stake 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 worth $75,000 after acquiring an additional 2,193 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Apple Hospitality REIT by 20.1% during the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock worth $104,000 after acquiring an additional 1,128 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Apple Hospitality REIT by 76.4% in the 4th quarter. FIL Ltd now owns 8,599 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 3,725 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Stock Performance

Shares of NYSE:APLE traded down $0.05 during trading on Tuesday, reaching $11.90. The company had a trading volume of 523,101 shares, compared to its average volume of 2,214,629. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The stock's fifty day moving average price is $12.96 and its 200 day moving average price is $14.57.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $330.11 million. As a group, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of brokerages have issued reports on APLE. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company lowered 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. Three research analysts have rated the stock with a hold rating and three have issued 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.

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.