MYDA Advisors LLC Has $4.61 Million Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

MYDA Advisors LLC reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,000 shares of the real estate investment trust's stock after selling 100,000 shares during the period. Apple Hospitality REIT accounts for about 1.2% of MYDA Advisors LLC's investment portfolio, making the stock its 28th biggest holding. MYDA Advisors LLC owned about 0.13% of Apple Hospitality REIT worth $4,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in APLE. Norges Bank acquired a new position in Apple Hospitality REIT during the 4th quarter worth $21,099,000. Charles Schwab Investment Management Inc. lifted its holdings in Apple Hospitality REIT by 3.0% in the fourth 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 period. Martingale Asset Management L P grew its position in Apple Hospitality REIT by 133.4% in the 4th quarter. Martingale Asset Management L P now owns 95,642 shares of the real estate investment trust's stock valued at $1,468,000 after buying an additional 54,661 shares in the last quarter. Barclays PLC grew its position in Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after buying an additional 229,293 shares in the last quarter. Finally, KBC Group NV increased its stake in Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 2,541 shares during the period. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Price Performance

APLE stock traded down $0.06 on Wednesday, hitting $11.77. 2,187,834 shares of the company's stock traded hands, compared to its average volume of 2,217,516. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.85 and a beta of 1.00. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. 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 stock has a fifty day moving average of $13.17 and a 200-day moving average of $14.64.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.16%. Apple Hospitality REIT's dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

Several research firms have recently issued reports on APLE. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their price target for the company from $16.00 to $17.00 in a research note 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.