Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,472 shares of the real estate investment trust's stock after purchasing an additional 36,515 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Apple Hospitality REIT worth $2,586,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of APLE. GAMMA Investing LLC boosted its position in Apple Hospitality REIT by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 2,193 shares in the last quarter. KBC Group NV boosted 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 worth $142,000 after purchasing an additional 2,541 shares in the last quarter. Entropy Technologies LP purchased a new stake in Apple Hospitality REIT in the 4th quarter worth approximately $159,000. Proficio Capital Partners LLC purchased a new stake in Apple Hospitality REIT in the 4th quarter worth approximately $167,000. Finally, TD Private Client Wealth LLC boosted its position in Apple Hospitality REIT by 14.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 1,490 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. StockNews.com raised Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research note on Friday, November 22nd. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They set an "outperform" rating and a $18.00 target price for the company. Bank of America raised Apple Hospitality REIT from a "neutral" rating to a "buy" rating and upped their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced their target price on 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of "Moderate Buy" and an average target price of $16.80.
Get Our Latest Stock Analysis on Apple Hospitality REIT
Apple Hospitality REIT Price Performance
NYSE APLE traded down $0.09 during mid-day trading on Thursday, hitting $13.52. The stock had a trading volume of 1,752,740 shares, compared to its average volume of 1,926,229. The firm's 50 day moving average is $14.84 and its 200 day moving average is $15.11. Apple Hospitality REIT, Inc. has a twelve month low of $13.11 and a twelve month high of $16.83. 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 stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 15.90 and a beta of 1.12.
Apple Hospitality REIT (NYSE:APLE - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Equities 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 business also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Friday, February 28th. Apple Hospitality REIT's dividend payout ratio (DPR) is presently 109.09%.
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.
Featured Stories
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
