Sei Investments Co. Sells 182,492 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Sei Investments Co. lowered its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 79.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,159 shares of the real estate investment trust's stock after selling 182,492 shares during the period. Sei Investments Co.'s holdings in Apple Hospitality REIT were worth $700,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new stake in shares of Apple Hospitality REIT during the second quarter worth $26,000. YHB Investment Advisors Inc. acquired a new stake in shares of Apple Hospitality REIT in the 1st quarter valued at about $37,000. Fortis Group Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,493 shares in the last quarter. Covestor Ltd boosted its position in shares of Apple Hospitality REIT by 115.6% during the first quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust's stock worth $71,000 after buying an additional 2,313 shares during the period. Finally, Headlands Technologies LLC grew its holdings 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 buying an additional 5,420 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on APLE shares. 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, September 13th. Oppenheimer reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Apple Hospitality REIT has a consensus rating of "Hold" and an average price target of $16.25.

Insider Buying and Selling at Apple Hospitality REIT

In related news, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $14.04 per share, with a total value of $70,200.00. Following the acquisition, the chairman now owns 636,990 shares of the company's stock, valued at approximately $8,943,339.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.80% of the company's stock.

Apple Hospitality REIT Stock Down 0.5 %

Shares of Apple Hospitality REIT stock traded down $0.07 on Wednesday, reaching $15.10. 1,874,392 shares of the company were exchanged, compared to its average volume of 2,094,235. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.65 and a beta of 1.12. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $17.90. The company has a 50-day moving average of $14.45 and a 200 day moving average of $14.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46.

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

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Monday, September 30th. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 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.