Knights of Columbus Asset Advisors LLC Has $2.45 Million Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Knights of Columbus Asset Advisors LLC cut its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,659 shares of the real estate investment trust’s stock after selling 2,247 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Apple Hospitality REIT were worth $2,449,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APLE. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Apple Hospitality REIT by 0.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,845 shares of the real estate investment trust’s stock valued at $1,578,000 after acquiring an additional 674 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Apple Hospitality REIT by 2.9% in the second quarter. Van ECK Associates Corp now owns 24,208 shares of the real estate investment trust’s stock valued at $366,000 after acquiring an additional 679 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Apple Hospitality REIT by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 92,924 shares of the real estate investment trust’s stock valued at $1,467,000 after acquiring an additional 739 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Apple Hospitality REIT by 1.5% in the first quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust’s stock valued at $935,000 after acquiring an additional 786 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Apple Hospitality REIT by 0.9% in the second quarter. MetLife Investment Management LLC now owns 114,968 shares of the real estate investment trust’s stock valued at $1,737,000 after acquiring an additional 991 shares during the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Down 0.7 %

Shares of APLE stock opened at $16.17 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day moving average is $16.67 and its 200-day moving average is $15.85. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 23.10 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 52-week low of $13.66 and a 52-week high of $18.22.

Apple Hospitality REIT Announces Dividend

The company also recently announced a None dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a dividend yield of 5.7%. Apple Hospitality REIT’s payout ratio is 137.14%.

Analysts Set New Price Targets

APLE has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Sunday, November 12th. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $18.00 in a research report on Monday, January 8th. Wells Fargo & Company boosted their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. Finally, Wolfe Research started coverage on shares of Apple Hospitality REIT in a research note on Wednesday, September 27th. They issued a “peer perform” rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $18.17.

View Our Latest Report on APLE

Apple Hospitality REIT Profile

(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

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT, Inc. (NYSE:APLEFree Report).

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.com's FREE daily email newsletter.