Systematic Financial Management LP Purchases 207,256 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Systematic Financial Management LP raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 11.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,099,877 shares of the real estate investment trust's stock after purchasing an additional 207,256 shares during the quarter. Systematic Financial Management LP owned approximately 0.88% of Apple Hospitality REIT worth $31,183,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth approximately $26,000. Quarry LP boosted its position in shares of Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,290 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 780 shares during the period. Headlands Technologies LLC grew its stake in Apple Hospitality REIT by 4,406.5% in the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 5,420 shares during the period. Finally, Palouse Capital Management Inc. acquired a new position in shares of Apple Hospitality REIT during the second quarter worth approximately $99,000. Institutional investors own 89.66% of the company's stock.

Analyst Upgrades and Downgrades

APLE has been the subject of a number of recent research reports. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Friday, November 22nd. Oppenheimer reissued an "outperform" rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of "Hold" and an average target price of $16.50.

Apple Hospitality REIT Stock Performance

APLE traded down $0.04 during midday trading on Thursday, reaching $16.05. The company had a trading volume of 913,710 shares, compared to its average volume of 2,030,896. The business has a 50-day moving average price of $15.37 and a two-hundred day moving average price of $14.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90. The stock has a market cap of $3.85 billion, a PE ratio of 18.92 and a beta of 1.13.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $378.84 million during the quarter, compared to analysts' expectations of $377.56 million. During the same period in the prior year, the business earned $0.45 earnings per share. On average, sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 5.98%. Apple Hospitality REIT's dividend payout ratio (DPR) is 112.94%.

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.