Los Angeles Capital Management LLC Sells 48,770 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Los Angeles Capital Management LLC decreased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 76.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,647 shares of the real estate investment trust's stock after selling 48,770 shares during the period. Los Angeles Capital Management LLC's holdings in Apple Hospitality REIT were worth $218,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of APLE. EdgeRock Capital LLC acquired a new position in Apple Hospitality REIT during the 2nd quarter worth about $26,000. Quarry LP lifted its position in Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,290 shares during the period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 780 shares during the last quarter. Covestor Ltd grew its holdings in Apple Hospitality REIT by 115.6% during the 1st quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 2,313 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 5,420 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Price Performance

Shares of APLE traded down $0.12 during trading hours on Tuesday, reaching $15.40. 622,317 shares of the company's stock traded hands, compared to its average volume of 2,048,691. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $17.90. The stock has a market cap of $3.69 billion, a PE ratio of 18.26 and a beta of 1.11. 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's 50 day simple moving average is $15.04 and its 200-day simple moving average is $14.66.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations 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 previous year, the company earned $0.45 earnings per share. Equities analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Thursday, October 31st. Apple Hospitality REIT's payout ratio is presently 112.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on APLE shares. Wells Fargo & Company lowered their target price on shares of 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. Oppenheimer reissued an "outperform" rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Finally, StockNews.com cut shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.50.

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.