199,904 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Purchased by Isthmus Partners LLC

Isthmus Partners LLC bought a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 199,904 shares of the real estate investment trust’s stock, valued at approximately $3,069,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in shares of Apple Hospitality REIT by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust’s stock worth $103,885,000 after acquiring an additional 29,781 shares during the period. Geode Capital Management LLC boosted its position in Apple Hospitality REIT by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock worth $85,571,000 after purchasing an additional 62,149 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Apple Hospitality REIT by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock valued at $77,867,000 after purchasing an additional 18,858 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Apple Hospitality REIT by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock valued at $70,465,000 after buying an additional 133,505 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Apple Hospitality REIT by 11.0% in the third quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust’s stock valued at $31,183,000 after buying an additional 207,256 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $14.68 on Monday. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $16.99. The company’s 50 day simple moving average is $15.07 and its 200 day simple moving average is $15.16. The company 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.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 EPS 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%. On average, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APLE. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets started coverage on Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.80.

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.