Keybank National Association OH Buys 1,218 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Keybank National Association OH lifted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,163 shares of the real estate investment trust’s stock after buying an additional 1,218 shares during the period. Keybank National Association OH’s holdings in Apple Hospitality REIT were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Hudson Edge Investment Partners Inc. lifted its stake in Apple Hospitality REIT by 4.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 1,272 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Apple Hospitality REIT by 14.6% during the third 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 during the last quarter. Covestor Ltd lifted its stake in Apple Hospitality REIT by 30.0% during the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,831 shares during the last quarter. GAMMA Investing LLC lifted its stake in Apple Hospitality REIT by 80.9% during the fourth 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 during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Apple Hospitality REIT by 0.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 284,100 shares of the real estate investment trust’s stock worth $4,219,000 after purchasing an additional 2,200 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APLE has been the subject of several recent analyst reports. BMO Capital Markets initiated 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. Wells Fargo & Company cut 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. Bank of America upgraded 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, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.80.

Apple Hospitality REIT Stock Up 2.2 %

Shares of APLE opened at $14.68 on Friday. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $16.99. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 17.26 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a fifty day moving average of $15.07 and a 200-day moving average of $15.15.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. As a group, sell-side analysts anticipate 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 disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.54%. Apple Hospitality REIT’s payout ratio is 109.09%.

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.