FORA Capital LLC Invests $571,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

FORA Capital LLC bought a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,475 shares of the real estate investment trust's stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Apple Hospitality REIT by 17.2% during the second quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust's stock worth $87,518,000 after purchasing an additional 881,217 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Apple Hospitality REIT by 400.8% during the 2nd quarter. Edgestream Partners L.P. now owns 638,625 shares of the real estate investment trust's stock worth $9,286,000 after buying an additional 511,100 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Apple Hospitality REIT by 911.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the real estate investment trust's stock worth $5,648,000 after buying an additional 350,000 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its stake in Apple Hospitality REIT by 3,768.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 348,156 shares of the real estate investment trust's stock valued at $5,062,000 after acquiring an additional 339,156 shares during the last quarter. Finally, Masterton Capital Management LP purchased a new position in Apple Hospitality REIT during the 2nd quarter valued at about $3,378,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on APLE shares. Oppenheimer reiterated an "outperform" rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report 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. Finally, Wells Fargo & Company reduced their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT Trading Down 0.1 %

APLE stock traded down $0.01 during midday trading on Friday, hitting $16.11. The stock had a trading volume of 1,021,796 shares, compared to its average volume of 2,037,075. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90. The firm has a market cap of $3.87 billion, a PE ratio of 19.06 and a beta of 1.11. The company's 50-day moving average price is $15.29 and its 200 day moving average price is $14.73. 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 (NYSE:APLE - Get Free Report) last released its 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). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $378.84 million during the quarter, compared to analyst estimates of $377.56 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 5.96%. Apple Hospitality REIT's dividend payout ratio is presently 112.94%.

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.