Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1,511.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,014 shares of the real estate investment trust's stock after acquiring an additional 136,014 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.06% of Apple Hospitality REIT worth $2,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its stake in Apple Hospitality REIT by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust's stock worth $366,000 after buying an additional 755 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Apple Hospitality REIT by 20.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,740 shares of the real estate investment trust's stock valued at $104,000 after purchasing an additional 1,128 shares during the last quarter. Inspire Advisors LLC boosted its stake in Apple Hospitality REIT by 8.5% during the fourth quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust's stock worth $223,000 after buying an additional 1,137 shares during the period. Keybank National Association OH grew its holdings in Apple Hospitality REIT by 3.1% during the 4th 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 during the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its stake in shares of Apple Hospitality REIT by 4.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust's stock valued at $416,000 after buying an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APLE shares. Wells Fargo & Company lowered their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.80.

Apple Hospitality REIT Trading Up 1.2 %

Shares of NYSE:APLE traded up $0.14 during mid-day trading on Thursday, reaching $11.92. 2,292,081 shares of the company were exchanged, compared to its average volume of 2,220,523. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50-day simple moving average is $13.10 and its 200 day simple moving average is $14.62. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 14.02 and a beta of 1.00.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. Equities research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.96 annualized dividend and a yield of 8.05%. Apple Hospitality REIT's dividend payout ratio is currently 109.09%.

Apple Hospitality REIT 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.