Intech Investment Management LLC Has $1.74 Million Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Intech Investment Management LLC lifted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,497 shares of the real estate investment trust's stock after purchasing an additional 53,789 shares during the period. Intech Investment Management LLC's holdings in Apple Hospitality REIT were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in 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 worth $70,465,000 after purchasing an additional 133,505 shares during the last quarter. Centiva Capital LP bought a new position in shares of Apple Hospitality REIT during the third quarter worth about $1,067,000. Barclays PLC lifted its stake in shares of Apple Hospitality REIT by 118.8% in the third quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock worth $6,273,000 after acquiring an additional 229,293 shares during the period. KBC Group NV boosted its holdings in Apple Hospitality REIT by 37.8% in the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 2,541 shares during the last quarter. Finally, EMC Capital Management increased its position in Apple Hospitality REIT by 44,346.3% during the 4th quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 23,947 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

Remove Ads

Apple Hospitality REIT Stock Down 0.1 %

NYSE APLE traded down $0.02 on Wednesday, hitting $13.21. 2,041,022 shares of the company were exchanged, compared to its average volume of 2,255,279. 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 company has a market cap of $3.17 billion, a PE ratio of 15.54 and a beta of 1.12. The stock has a fifty day moving average of $14.74 and a 200-day moving average of $15.09. Apple Hospitality REIT, Inc. has a 12 month low of $13.01 and a 12 month high of $16.59.

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, topping analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $333.04 million for the quarter, compared to analysts' expectations of $330.11 million. As a group, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 7.27%. Apple Hospitality REIT's dividend payout ratio is 109.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APLE. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They issued an "outperform" rating and a $18.00 price target on the stock. Wells Fargo & Company dropped 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 report on Tuesday, February 18th. Finally, Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their price target 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $16.80.

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.