Martingale Asset Management L P Boosts Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Martingale Asset Management L P increased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 133.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,642 shares of the real estate investment trust's stock after buying an additional 54,661 shares during the period. Martingale Asset Management L P's holdings in Apple Hospitality REIT were worth $1,468,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APLE. Victory Capital Management Inc. boosted its holdings in Apple Hospitality REIT by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust's stock valued at $103,885,000 after acquiring an additional 29,781 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Apple Hospitality REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust's stock valued at $85,571,000 after buying an additional 62,149 shares during the period. JPMorgan Chase & Co. boosted its position in Apple Hospitality REIT by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust's stock valued at $77,867,000 after acquiring an additional 18,858 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock valued at $70,465,000 after acquiring an additional 133,505 shares during the last quarter. Finally, Norges Bank acquired a new stake in Apple Hospitality REIT during the 4th quarter worth about $21,099,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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Apple Hospitality REIT Stock Up 0.0 %

APLE stock traded up $0.01 during midday trading on Tuesday, reaching $11.51. 2,006,844 shares of the company's stock traded hands, compared to its average volume of 2,197,382. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $13.59 and its 200-day moving average price is $14.77. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 13.54 and a beta of 1.00.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $330.11 million. As a group, sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT's payout ratio is currently 109.09%.

Analyst Ratings Changes

APLE has been the topic of several research analyst reports. 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 report on Tuesday, February 18th. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of "Moderate Buy" and an average target price of $16.80.

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.