Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,078 shares of the real estate investment trust's stock after selling 60,085 shares during the period. Segall Bryant & Hamill LLC owned 0.13% of Apple Hospitality REIT worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Apple Hospitality REIT during the third quarter worth approximately $611,000. Intech Investment Management LLC purchased a new stake in shares of Apple Hospitality REIT in the third quarter valued at about $887,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple Hospitality REIT by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust's stock worth $66,187,000 after buying an additional 182,917 shares during the period. Citigroup Inc. grew its holdings in shares of Apple Hospitality REIT by 13.4% during the third quarter. Citigroup Inc. now owns 761,709 shares of the real estate investment trust's stock worth $11,311,000 after buying an additional 89,952 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Apple Hospitality REIT by 6.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 74,732 shares of the real estate investment trust's stock valued at $1,110,000 after acquiring an additional 4,369 shares during the period. Hedge funds and other institutional investors own 89.66% of the company's stock.

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Apple Hospitality REIT Price Performance

Shares of APLE traded up $0.02 during mid-day trading on Tuesday, hitting $12.93. The company's stock had a trading volume of 2,256,767 shares, compared to its average volume of 2,072,331. The firm has a 50-day simple moving average of $14.52 and a 200 day simple moving average of $15.05. Apple Hospitality REIT, Inc. has a 1-year low of $12.65 and a 1-year high of $16.50. The firm has a market capitalization of $3.10 billion, a P/E ratio of 15.21 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 (NYSE:APLE - Get Free Report) last released its earnings results 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. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 7.43%. Apple Hospitality REIT's payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APLE. BMO Capital Markets began coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 price objective for the company. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped 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 research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.