Versor Investments LP Buys New Shares in Apple Hospitality REIT, Inc. (NYSE:APLE)

Versor Investments LP bought a new position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,400 shares of the real estate investment trust's stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Apple Hospitality REIT by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust's stock valued at $582,400,000 after acquiring an additional 1,217,142 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Apple Hospitality REIT by 17.2% during the 2nd quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust's stock valued at $87,518,000 after acquiring an additional 881,217 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Apple Hospitality REIT by 400.8% during the 2nd quarter. Edgestream Partners L.P. now owns 638,625 shares of the real estate investment trust's stock valued at $9,286,000 after acquiring an additional 511,100 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Apple Hospitality REIT by 911.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the real estate investment trust's stock valued at $5,648,000 after acquiring an additional 350,000 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in shares of Apple Hospitality REIT by 3,768.4% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 348,156 shares of the real estate investment trust's stock valued at $5,062,000 after buying an additional 339,156 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on APLE shares. Wells Fargo & Company lowered their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, September 13th. StockNews.com cut Apple Hospitality REIT from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Oppenheimer reiterated an "outperform" rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.50.

Apple Hospitality REIT Stock Performance

Shares of APLE traded down $0.29 during mid-day trading on Thursday, hitting $15.60. 1,824,161 shares of the company's stock were exchanged, compared to its average volume of 2,062,739. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The stock's 50-day simple moving average is $14.98 and its 200-day simple moving average is $14.65. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 18.35 and a beta of 1.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same period last year, the business earned $0.45 earnings per share. On average, equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.16%. Apple Hospitality REIT's dividend payout ratio is currently 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.