Fmr LLC Decreases Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

FMR LLC lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 98.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,003 shares of the real estate investment trust's stock after selling 1,940,998 shares during the period. FMR LLC's holdings in Apple Hospitality REIT were worth $401,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APLE. EdgeRock Capital LLC purchased a new stake in Apple Hospitality REIT during the 2nd quarter worth about $26,000. Quarry LP grew its holdings in shares of Apple Hospitality REIT by 127.5% during the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,290 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock worth $40,000 after buying an additional 780 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Apple Hospitality REIT by 4,406.5% in the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock valued at $81,000 after buying an additional 5,420 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at approximately $99,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APLE has been the subject of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Friday, November 22nd. Wells Fargo & Company dropped their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. Finally, BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an "outperform" rating and a $18.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of "Hold" and a consensus target price of $16.80.

Apple Hospitality REIT Trading Up 1.8 %

Shares of NYSE APLE traded up $0.27 during trading on Friday, hitting $15.61. 5,723,296 shares of the company traded hands, compared to its average volume of 2,032,749. The firm has a market capitalization of $3.75 billion, a P/E ratio of 18.36 and a beta of 1.13. 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 50-day moving average price of $15.58 and a 200-day moving average price of $14.88. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $17.30.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.15%. Apple Hospitality REIT's dividend payout ratio (DPR) 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.