Intech Investment Management LLC Raises Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Intech Investment Management LLC lifted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 90.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 113,497 shares of the real estate investment trust’s stock after buying an additional 53,789 shares during the period. Intech Investment Management LLC’s holdings in Apple Hospitality REIT were worth $1,742,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Apple Hospitality REIT by 80.9% during the 4th 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 period. KBC Group NV lifted its position in Apple Hospitality REIT by 37.8% during the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,541 shares during the period. Entropy Technologies LP acquired a new stake in Apple Hospitality REIT in the 4th quarter worth about $159,000. Proficio Capital Partners LLC acquired a new stake in Apple Hospitality REIT in the 4th quarter worth about $167,000. Finally, TD Private Client Wealth LLC grew its holdings in Apple Hospitality REIT by 14.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,490 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APLE has been the topic of several recent analyst reports. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $13.31 on Friday. Apple Hospitality REIT, Inc. has a twelve month low of $13.01 and a twelve month high of $16.83. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 15.65 and a beta of 1.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $14.79 and its 200 day simple moving average is $15.09.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company 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, equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.22%. Apple Hospitality REIT’s dividend payout ratio is currently 109.09%.

Apple Hospitality REIT 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.