XTX Topco Ltd acquired a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 55,145 shares of the real estate investment trust's stock, valued at approximately $846,000.
Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Apple Hospitality REIT in the 4th quarter worth approximately $21,099,000. Charles Schwab Investment Management Inc. boosted its position in shares of Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust's stock worth $70,465,000 after buying an additional 133,505 shares during the period. Martingale Asset Management L P grew its stake in shares of Apple Hospitality REIT by 133.4% in the fourth quarter. Martingale Asset Management L P now owns 95,642 shares of the real estate investment trust's stock valued at $1,468,000 after buying an additional 54,661 shares in the last quarter. Barclays PLC boosted its holdings in Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust's stock valued at $6,273,000 after acquiring an additional 229,293 shares during the period. Finally, KBC Group NV grew its position in Apple Hospitality REIT by 37.8% in the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 2,541 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company's stock.
Apple Hospitality REIT Stock Performance
Shares of APLE stock traded up $0.05 during trading hours on Tuesday, hitting $11.86. The stock had a trading volume of 290,203 shares, compared to its average volume of 2,204,032. The stock's 50 day moving average is $13.30 and its 200 day moving average is $14.68. 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 has a market capitalization of $2.83 billion, a PE ratio of 13.96 and a beta of 1.00. Apple Hospitality REIT, Inc. has a twelve month low of $10.44 and a twelve month high of $16.50.
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, topping the consensus estimate of $0.31 by $0.01. The company 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%. As a group, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.
Apple Hospitality REIT Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date is Wednesday, April 30th. Apple Hospitality REIT's dividend payout ratio is presently 109.09%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on APLE. Wells Fargo & Company cut their target price 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. Bank of America upgraded Apple Hospitality REIT from a "neutral" rating to a "buy" rating and raised their price target for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.80.
View Our Latest Analysis on APLE
About Apple Hospitality REIT
(
Free Report)
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.
Further Reading
Before you consider Apple Hospitality REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple Hospitality REIT wasn't on the list.
While Apple Hospitality REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
