59,708 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in 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 Securities and Exchange Commission. The firm purchased 59,708 shares of the real estate investment trust's stock, valued at approximately $887,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APLE. Aurora Investment Counsel grew its holdings in shares of Apple Hospitality REIT by 20.2% during the third quarter. Aurora Investment Counsel now owns 91,140 shares of the real estate investment trust's stock worth $1,353,000 after buying an additional 15,338 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Apple Hospitality REIT during the 3rd quarter worth approximately $611,000. Segall Bryant & Hamill LLC raised its holdings in shares of Apple Hospitality REIT by 3.3% in the third quarter. Segall Bryant & Hamill LLC now owns 380,163 shares of the real estate investment trust's stock valued at $5,645,000 after purchasing an additional 12,089 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Apple Hospitality REIT by 28.8% in the third quarter. Metis Global Partners LLC now owns 23,056 shares of the real estate investment trust's stock worth $342,000 after purchasing an additional 5,157 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Apple Hospitality REIT by 45.4% during the third quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust's stock worth $282,000 after purchasing an additional 5,920 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APLE. StockNews.com upgraded shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Wells Fargo & Company lowered their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Finally, Oppenheimer reissued an "outperform" rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Apple Hospitality REIT presently has an average rating of "Hold" and an average price target of $16.50.

Apple Hospitality REIT Stock Performance

Shares of APLE traded down $0.09 during midday trading on Friday, reaching $16.11. The stock had a trading volume of 1,021,888 shares, compared to its average volume of 2,037,075. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $17.90. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.87 billion, a PE ratio of 19.06 and a beta of 1.11. The firm has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $14.73.

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 the consensus estimate of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, November 29th. Apple Hospitality REIT's dividend payout ratio is presently 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.