Hudson Edge Investment Partners Inc. Lowers Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,807 shares of the real estate investment trust’s stock after selling 862 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Apple Hospitality REIT were worth $429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $26,000. EdgeRock Capital LLC acquired a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $41,000. Quantbot Technologies LP acquired a new position in Apple Hospitality REIT in the 3rd quarter valued at $72,000. Finally, Blue Trust Inc. boosted its holdings in Apple Hospitality REIT by 11.9% in the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 734 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 firms have weighed in on APLE. raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Wedbush began coverage on Apple Hospitality REIT in a report on Monday. They issued a “neutral” rating and a $15.00 price objective on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.83.

Get Our Latest Stock Analysis on Apple Hospitality REIT

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $14.78 per share, with a total value of $73,900.00. Following the completion of the transaction, the chairman now owns 631,990 shares in the company, valued at $9,340,812.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Apple Hospitality REIT Price Performance

NYSE:APLE traded down $0.15 during mid-day trading on Tuesday, reaching $14.45. 1,849,431 shares of the stock were exchanged, compared to its average volume of 2,023,936. Apple Hospitality REIT, Inc. has a 1-year low of $14.08 and a 1-year high of $17.90. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.50 billion, a PE ratio of 16.80 and a beta of 1.10. The business has a fifty day moving average price of $15.18 and a 200 day moving average price of $16.03.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. The company had revenue of $329.51 million for the quarter, compared to the consensus estimate of $324.68 million. During the same period in the prior year, the business earned $0.34 earnings per share. Research analysts expect that Apple Hospitality REIT, Inc. will post 1.64 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 31st. This represents a $0.96 annualized dividend and a yield of 6.64%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

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.

See Also

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

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