Isthmus Partners LLC Acquires New Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Isthmus Partners LLC purchased 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 Securities and Exchange Commission (SEC). The firm purchased 199,904 shares of the real estate investment trust's stock, valued at approximately $3,069,000. Isthmus Partners LLC owned approximately 0.08% of Apple Hospitality REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust's stock valued at $66,187,000 after acquiring an additional 182,917 shares during the last quarter. Centiva Capital LP purchased a new position in Apple Hospitality REIT in the 3rd quarter worth approximately $1,067,000. Barclays PLC lifted its position in 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 valued at $6,273,000 after purchasing an additional 229,293 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Apple Hospitality REIT by 29.6% during the third quarter. Foundry Partners LLC now owns 474,672 shares of the real estate investment trust's stock valued at $7,049,000 after purchasing an additional 108,523 shares during the period. Finally, KBC Group NV grew its holdings in shares of 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 worth $142,000 after purchasing an additional 2,541 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Friday, November 22nd. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company cut their target price 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. Finally, BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.80.

Apple Hospitality REIT Stock Down 3.7 %

APLE traded down $0.51 on Thursday, hitting $13.13. The company had a trading volume of 3,459,452 shares, compared to its average volume of 1,930,861. The stock has a fifty day simple moving average of $14.98 and a 200-day simple moving average of $15.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $3.15 billion, a P/E ratio of 15.45 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 52-week low of $13.11 and a 52-week high of $16.84.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. As a group, equities analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT's dividend payout ratio is presently 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.