198,917 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 198,917 shares of the real estate investment trust's stock, valued at approximately $3,053,000. New Age Alpha Advisors LLC owned 0.08% of Apple Hospitality REIT as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Apple Hospitality REIT during the 4th quarter worth $21,099,000. BCO Wealth Management LLC purchased a new stake in shares of Apple Hospitality REIT in the fourth quarter worth about $210,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Apple Hospitality REIT by 4.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 148,103 shares of the real estate investment trust's stock valued at $2,245,000 after buying an additional 5,894 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at about $905,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Apple Hospitality REIT during the 4th quarter valued at about $1,033,000. Institutional investors and hedge funds own 89.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on APLE shares. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an "outperform" rating and a $18.00 price target for the company. Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company cut their price objective 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the 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 Stock Performance

APLE stock traded down $1.01 during trading on Thursday, reaching $11.89. 1,587,665 shares of the company's stock were exchanged, compared to its average volume of 2,080,399. The firm has a market cap of $2.85 billion, a PE ratio of 13.99 and a beta of 1.12. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 1-year low of $11.85 and a 1-year high of $16.50. The company's fifty day moving average price is $14.48 and its 200-day moving average price is $15.04.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. On average, research 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 disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 8.07%. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

About Apple Hospitality REIT

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.