Fox Run Management L.L.C. Buys Shares of 58,986 Apple Hospitality REIT, Inc. (NYSE:APLE)

Fox Run Management L.L.C. acquired a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 58,986 shares of the real estate investment trust's stock, valued at approximately $905,000.

A number of other institutional investors also recently bought and sold shares of APLE. GAMMA Investing LLC increased its position in Apple Hospitality REIT by 80.9% during the 4th 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 during the period. KBC Group NV grew its holdings 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 acquiring an additional 2,541 shares during the period. Entropy Technologies LP purchased a new position in Apple Hospitality REIT in the fourth quarter worth $159,000. Proficio Capital Partners LLC acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at $167,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Apple Hospitality REIT by 14.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 1,490 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APLE has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They set an "outperform" rating and a $18.00 target price on the stock. Finally, Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.80.

Remove Ads

Apple Hospitality REIT Trading Down 1.5 %

NYSE APLE traded down $0.20 during mid-day trading on Thursday, hitting $12.99. The company's stock had a trading volume of 1,869,809 shares, compared to its average volume of 1,954,216. Apple Hospitality REIT, Inc. has a 52-week low of $12.94 and a 52-week high of $16.60. The stock's fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $15.07. The firm has a market capitalization of $3.11 billion, a P/E ratio of 15.28 and a beta of 1.12. 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 announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating 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 business had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. Research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, March 31st. Apple Hospitality REIT's payout ratio is currently 109.09%.

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.