Fuller & Thaler Asset Management Inc. Sells 125,390 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Fuller & Thaler Asset Management Inc. reduced its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,135,934 shares of the real estate investment trust's stock after selling 125,390 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.97% of Apple Hospitality REIT worth $109,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APLE. Price T Rowe Associates Inc. MD increased its position in shares of Apple Hospitality REIT by 27.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust's stock valued at $126,472,000 after purchasing an additional 1,761,996 shares during the last quarter. Victory Capital Management Inc. raised its position in Apple Hospitality REIT by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust's stock worth $103,885,000 after acquiring an additional 29,781 shares during the period. JPMorgan Chase & Co. boosted its stake in Apple Hospitality REIT by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust's stock valued at $77,867,000 after acquiring an additional 18,858 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Apple Hospitality REIT by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock valued at $70,465,000 after acquiring an additional 133,505 shares during the period. Finally, Norges Bank purchased a new position in Apple Hospitality REIT in the fourth quarter valued at approximately $21,099,000. Hedge funds and other institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Price Performance

Shares of NYSE APLE opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $16.50. The stock has a market cap of $2.83 billion, a PE ratio of 13.93 and a beta of 1.00. The stock has a fifty day moving average of $13.23 and a 200-day moving average of $14.66.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $330.11 million. Equities research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a dividend yield of 8.11%. Apple Hospitality REIT's payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT has a consensus rating of "Moderate Buy" and an average price target of $16.80.

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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