Holocene Advisors LP Invests $4.29 Million in Apple Hospitality REIT, Inc. (NYSE:APLE)

Holocene Advisors LP bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 288,558 shares of the real estate investment trust's stock, valued at approximately $4,285,000. Holocene Advisors LP owned approximately 0.12% of Apple Hospitality REIT at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new stake in Apple Hospitality REIT during the 2nd quarter worth about $26,000. Quarry LP increased its holdings 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 acquiring an additional 1,290 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $40,000 after acquiring an additional 780 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in shares of Apple Hospitality REIT in the 2nd quarter valued at about $99,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Apple Hospitality REIT Price Performance

NYSE:APLE traded down $0.12 during trading hours on Thursday, hitting $15.97. The company's stock had a trading volume of 1,877,129 shares, compared to its average volume of 2,035,654. The business's 50-day moving average is $15.37 and its two-hundred day moving average is $14.77. The company has a market capitalization of $3.83 billion, a PE ratio of 18.92 and a beta of 1.13. 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 52-week low of $13.60 and a 52-week high of $17.90.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The business had revenue of $378.84 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company posted $0.45 EPS. As a group, research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT's payout ratio is currently 112.94%.

Wall Street Analysts Forecast Growth

APLE has been the topic of a number of research reports. StockNews.com upgraded Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Wells Fargo & Company cut their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, September 13th. Finally, Oppenheimer restated an "outperform" rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.50.

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.