Foundry Partners LLC Has $8.59 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Foundry Partners LLC increased its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 559,787 shares of the real estate investment trust's stock after purchasing an additional 85,115 shares during the quarter. Foundry Partners LLC owned 0.23% of Apple Hospitality REIT worth $8,593,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Inspire Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 8.5% during the 4th quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust's stock worth $223,000 after acquiring an additional 1,137 shares during the period. Keybank National Association OH increased its holdings in shares of Apple Hospitality REIT by 3.1% during the 4th quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock worth $617,000 after buying an additional 1,218 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its holdings in Apple Hospitality REIT by 4.9% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust's stock valued at $416,000 after acquiring an additional 1,272 shares during the last quarter. Xponance Inc. boosted its holdings in Apple Hospitality REIT by 9.5% in the fourth quarter. Xponance Inc. now owns 16,341 shares of the real estate investment trust's stock valued at $251,000 after acquiring an additional 1,413 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Apple Hospitality REIT by 14.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock valued at $174,000 after purchasing an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analyst Weigh In

APLE has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

Shares of APLE traded up $0.12 during mid-day trading on Wednesday, hitting $10.78. The stock had a trading volume of 1,689,243 shares, compared to its average volume of 2,143,751. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.26 and a fifty-two week high of $16.50. The company's fifty day simple moving average is $14.05 and its two-hundred day simple moving average is $14.91. The company has a market cap of $2.58 billion, a PE ratio of 12.59 and a beta of 1.00.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to analyst estimates of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, equities analysts expect 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 disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.91%. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.

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.