TD Private Client Wealth LLC Has $168,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

TD Private Client Wealth LLC decreased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,920 shares of the real estate investment trust’s stock after selling 807 shares during the quarter. TD Private Client Wealth LLC’s holdings in Apple Hospitality REIT were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Inspire Advisors LLC raised its holdings in Apple Hospitality REIT by 8.5% during the fourth quarter. Inspire Advisors LLC now owns 14,502 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,137 shares during the last quarter. Keybank National Association OH grew its position in Apple Hospitality REIT by 3.1% in the 4th quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 1,218 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its stake in Apple Hospitality REIT by 4.9% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 1,272 shares during the last quarter. Xponance Inc. lifted its position in shares of Apple Hospitality REIT by 9.5% during the 4th quarter. Xponance Inc. now owns 16,341 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 1,413 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Apple Hospitality REIT by 7.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 24,600 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 1,711 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Apple Hospitality REIT Trading Down 1.2 %

NYSE:APLE opened at $13.22 on Wednesday. Apple Hospitality REIT, Inc. has a 12 month low of $13.01 and a 12 month high of $16.60. 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 50 day moving average is $14.74 and its 200 day moving average is $15.09. The stock has a market capitalization of $3.17 billion, a PE ratio of 15.55 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

APLE has been the subject of several recent analyst reports. BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Company reduced their price objective 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. Finally, Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.