33,456 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 33,456 shares of the real estate investment trust's stock, valued at approximately $497,000.

Other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new position in Apple Hospitality REIT during the second quarter worth about $26,000. Quarry LP increased its holdings 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 buying an additional 1,290 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 780 shares during the last quarter. Headlands Technologies LLC grew its position 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 worth $81,000 after acquiring an additional 5,420 shares during the period. Finally, Palouse Capital Management Inc. acquired a new stake in Apple Hospitality REIT during the second quarter worth $99,000. Hedge funds and other institutional investors own 89.66% of the company's stock.

Apple Hospitality REIT Stock Up 0.8 %

Shares of NYSE:APLE traded up $0.13 during trading on Monday, hitting $16.19. The company's stock had a trading volume of 1,184,465 shares, compared to its average volume of 2,023,373. The company has a market capitalization of $3.88 billion, a PE ratio of 19.04 and a beta of 1.13. 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 fifty-two week low of $13.60 and a fifty-two week high of $17.42. The business has a 50 day moving average price of $15.55 and a two-hundred day moving average price of $14.86.

Apple Hospitality REIT (NYSE:APLE - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. During the same period last year, the business posted $0.45 EPS. As a group, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT's payout ratio is currently 112.94%.

Analyst Upgrades and Downgrades

APLE has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an "outperform" rating and a $18.00 price target on the stock. StockNews.com raised shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. Oppenheimer reissued an "outperform" rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered 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 two have given a buy rating to the company's stock. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of "Hold" and an average price target of $16.80.

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.