250,399 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 250,399 shares of the real estate investment trust's stock, valued at approximately $3,844,000. Raymond James Financial Inc. owned approximately 0.10% of Apple Hospitality REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in APLE. Proficio Capital Partners LLC purchased a new position in Apple Hospitality REIT during the 4th quarter valued at approximately $167,000. Victory Capital Management Inc. boosted its position in shares of Apple Hospitality REIT by 0.4% during the 4th 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. Keybank National Association OH grew its holdings in shares of Apple Hospitality REIT by 3.1% in the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 1,218 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 last quarter. Finally, Metis Global Partners LLC increased its position in Apple Hospitality REIT by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 25,677 shares of the real estate investment trust's stock worth $394,000 after purchasing an additional 2,621 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

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Apple Hospitality REIT Stock Performance

NYSE APLE traded down $0.13 on Friday, hitting $12.86. 1,972,076 shares of the company's stock traded hands, compared to its average volume of 2,066,301. The firm's 50-day moving average price is $14.61 and its two-hundred day moving average price is $15.07. The firm has a market capitalization of $3.08 billion, a PE ratio of 15.12 and a beta of 1.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 1-year low of $12.76 and a 1-year high of $16.51.

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 earnings per share (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 net margin of 14.53% and a return on equity of 6.17%. As a group, analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently announced 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 is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.47%. Apple Hospitality REIT's payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APLE shares. Wells Fargo & Company lowered their target price 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 upgraded shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT presently has an average rating of "Moderate Buy" and an average 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.