Foundry Partners LLC Buys 108,523 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Foundry Partners LLC increased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,672 shares of the real estate investment trust's stock after purchasing an additional 108,523 shares during the period. Foundry Partners LLC owned 0.20% of Apple Hospitality REIT worth $7,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in Apple Hospitality REIT during the 2nd quarter valued at about $26,000. Quarry LP lifted its stake in shares of 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 purchasing an additional 1,290 shares during the period. GAMMA Investing LLC boosted its position in shares of Apple Hospitality REIT by 40.4% in the 3rd 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 grew its stake in shares of Apple Hospitality REIT by 115.6% during the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 2,313 shares during the period. Finally, Headlands Technologies LLC increased its holdings in 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 purchasing an additional 5,420 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APLE has been the topic of a number of recent analyst reports. Oppenheimer restated an "outperform" rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Wells Fargo & Company decreased their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, September 13th. Finally, StockNews.com downgraded Apple Hospitality REIT from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT Stock Down 0.5 %

NYSE APLE opened at $15.36 on Thursday. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $17.90. The business has a fifty day moving average price of $15.09 and a two-hundred day moving average price of $14.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $3.69 billion, a PE ratio of 18.07 and a beta of 1.11.

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 analysts' consensus estimates of $0.45 by ($0.22). The firm had revenue of $378.84 million during 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 period in the previous year, the company earned $0.45 EPS. Equities analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.25%. Apple Hospitality REIT's dividend payout ratio (DPR) is currently 112.94%.

About Apple Hospitality REIT

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.

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