ExodusPoint Capital Management LP Has $13.81 Million Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

ExodusPoint Capital Management LP increased its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 126.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 899,842 shares of the real estate investment trust's stock after buying an additional 503,114 shares during the period. ExodusPoint Capital Management LP owned 0.38% of Apple Hospitality REIT worth $13,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in Apple Hospitality REIT in the fourth quarter worth approximately $51,000. GAMMA Investing LLC boosted 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 worth $75,000 after purchasing an additional 2,193 shares in the last quarter. KBC Group NV increased its position in Apple Hospitality REIT by 37.8% during the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock worth $142,000 after buying an additional 2,541 shares during the last quarter. Entropy Technologies LP bought a new position in Apple Hospitality REIT during the fourth quarter valued at about $159,000. Finally, Proficio Capital Partners LLC bought a new position in Apple Hospitality REIT during the fourth quarter valued at about $167,000. Institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock traded up $1.54 during trading on Wednesday, reaching $12.20. The company's stock had a trading volume of 7,280,438 shares, compared to its average volume of 2,170,019. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $16.50. 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 has a market cap of $2.93 billion, a price-to-earnings ratio of 14.35 and a beta of 1.00. The business's fifty day moving average price is $13.92 and its 200-day moving average price is $14.87.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. As a group, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently announced 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. This represents a $0.96 annualized dividend and a yield of 7.87%. The ex-dividend date of this dividend is Monday, March 31st. Apple Hospitality REIT's payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APLE shares. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of "Moderate Buy" and an average price target of $16.80.

Apple Hospitality REIT Company 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.