Apple Hospitality REIT, Inc. (NYSE:APLE) Stock Holdings Increased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 400.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,625 shares of the real estate investment trust's stock after acquiring an additional 511,100 shares during the period. Apple Hospitality REIT comprises approximately 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 21st biggest position. Edgestream Partners L.P. owned 0.26% of Apple Hospitality REIT worth $9,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of APLE. Norges Bank bought a new position in Apple Hospitality REIT during the fourth quarter worth $36,260,000. Vanguard Group Inc. raised its holdings in shares of Apple Hospitality REIT by 3.5% during the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust's stock worth $582,400,000 after purchasing an additional 1,217,142 shares during the period. Foundry Partners LLC boosted its holdings in shares of Apple Hospitality REIT by 11.3% in the 1st quarter. Foundry Partners LLC now owns 347,717 shares of the real estate investment trust's stock valued at $5,696,000 after buying an additional 35,166 shares during the period. Entropy Technologies LP bought a new stake in shares of Apple Hospitality REIT during the 1st quarter valued at about $338,000. Finally, Texas Permanent School Fund Corp grew its position in shares of Apple Hospitality REIT by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 186,232 shares of the real estate investment trust's stock valued at $3,050,000 after buying an additional 2,436 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.

Wall Street Analyst Weigh In

APLE has been the subject of a number of research reports. Wedbush assumed coverage on Apple Hospitality REIT in a research note on Monday, June 3rd. They issued a "neutral" rating and a $15.00 target price for the company. Oppenheimer lowered their price objective on Apple Hospitality REIT from $19.00 to $17.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. Finally, Wells Fargo & Company cut their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT presently has a consensus rating of "Hold" and a consensus price target of $16.25.

Insiders Place Their Bets

In other news, Chairman Glade M. Knight bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $14.04 per share, with a total value of $70,200.00. Following the completion of the acquisition, the chairman now directly owns 636,990 shares in the company, valued at $8,943,339.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by insiders.

Apple Hospitality REIT Stock Performance

APLE stock traded up $0.04 on Tuesday, reaching $14.38. The company's stock had a trading volume of 1,972,412 shares, compared to its average volume of 2,104,862. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $3.48 billion, a P/E ratio of 16.76 and a beta of 1.12. The firm has a fifty day moving average of $14.39 and a two-hundred day moving average of $14.92.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.13). Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. The business had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts predict that Apple Hospitality REIT, Inc. will post 1.61 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 annualized dividend and a yield of 6.68%. Apple Hospitality REIT's payout ratio is 111.63%.

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.