EMC Capital Management Acquires 23,947 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

EMC Capital Management increased its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 44,346.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,001 shares of the real estate investment trust's stock after buying an additional 23,947 shares during the quarter. EMC Capital Management's holdings in Apple Hospitality REIT were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Quarry LP increased its position in Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,290 shares during the period. GAMMA Investing LLC grew its stake in shares of Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 780 shares during the last quarter. Covestor Ltd increased its holdings in Apple Hospitality REIT by 30.0% in the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust's stock valued at $118,000 after purchasing an additional 1,831 shares during the period. KBC Group NV raised its position in 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 worth $142,000 after purchasing an additional 2,541 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Apple Hospitality REIT by 21.3% during the 3rd quarter. Blue Trust Inc. now owns 11,716 shares of the real estate investment trust's stock worth $170,000 after buying an additional 2,059 shares during the period. Institutional investors own 89.66% of the company's stock.

Analyst Upgrades and Downgrades

APLE has been the subject of several recent research reports. Oppenheimer reissued an "outperform" rating and issued a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an "outperform" rating and a $18.00 price target for the company. StockNews.com upgraded shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Finally, Bank of America upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their target price for the company from $16.00 to $17.00 in a report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.60.

Apple Hospitality REIT Trading Down 0.6 %

Shares of Apple Hospitality REIT stock traded down $0.10 on Friday, reaching $15.43. 1,413,779 shares of the company's stock were exchanged, compared to its average volume of 1,732,975. The company has a market capitalization of $3.70 billion, a P/E ratio of 18.15 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $16.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The firm's 50-day moving average is $15.53 and its two-hundred day moving average is $15.06.

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 (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same period in the prior year, the company earned $0.45 earnings per share. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT's payout ratio is 112.94%.

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.