Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,384,327 shares of the real estate investment trust's stock after selling 391,161 shares during the period. Vanguard Group Inc. owned approximately 14.75% of Apple Hospitality REIT worth $543,149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APLE. GAMMA Investing LLC increased its holdings in shares of Apple Hospitality REIT by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock valued at $75,000 after acquiring an additional 2,193 shares in the last quarter. KBC Group NV increased its stake in Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 2,541 shares in the last quarter. Entropy Technologies LP acquired a new position in Apple Hospitality REIT during the 4th quarter valued at approximately $159,000. Proficio Capital Partners LLC purchased a new position in shares of Apple Hospitality REIT in the fourth quarter worth $167,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Apple Hospitality REIT by 14.6% during the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock worth $174,000 after buying an additional 1,490 shares during the period. Institutional investors and hedge funds own 89.66% of the company's stock.

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Apple Hospitality REIT Stock Performance

Apple Hospitality REIT stock traded down $1.21 during mid-day trading on Thursday, hitting $11.70. The company had a trading volume of 6,584,284 shares, compared to its average volume of 2,099,614. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.76 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12-month low of $11.60 and a 12-month high of $16.50. The company's fifty day moving average is $14.48 and its 200-day moving average is $15.04. 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 posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $333.04 million during the quarter, compared to analysts' expectations of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 8.21%. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company lowered their price target on Apple Hospitality REIT from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets began coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They set an "outperform" rating and a $18.00 price target for the company. Finally, Bank of America raised shares of Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.00 to $17.00 in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.