EMC Capital Management Purchases 23,947 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

EMC Capital Management lifted its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 44,346.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,001 shares of the real estate investment trust’s stock after acquiring an additional 23,947 shares during the period. EMC Capital Management’s holdings in Apple Hospitality REIT were worth $368,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in Apple Hospitality REIT by 11.9% during the third quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock valued at $100,059,000 after buying an additional 718,844 shares during the period. Geode Capital Management LLC increased its stake in shares of Apple Hospitality REIT by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock worth $85,571,000 after acquiring an additional 62,149 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Apple Hospitality REIT by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock valued at $77,867,000 after acquiring an additional 18,858 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Apple Hospitality REIT by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after acquiring an additional 182,917 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in Apple Hospitality REIT by 11.0% during the third quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust’s stock worth $31,183,000 after acquiring an additional 207,256 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

APLE stock opened at $15.51 on Thursday. The stock’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $15.05. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The stock has a market capitalization of $3.72 billion, a PE ratio of 18.34 and a beta of 1.13.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $377.56 million. During the same quarter in the prior year, the firm earned $0.45 EPS. 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT’s payout ratio is presently 112.94%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. BMO Capital Markets began coverage on shares of Apple Hospitality REIT in a report 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 raised their price objective for the company from $16.00 to $17.00 in a research report on Monday. Oppenheimer reissued an “outperform” rating and issued a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Finally, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT has an average rating of “Moderate Buy” and an average price target of $16.60.

Apple Hospitality REIT Company Profile

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.