Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC raised its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 279.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,657 shares of the real estate investment trust’s stock after buying an additional 29,210 shares during the quarter. AdvisorShares Investments LLC’s holdings in Apple Hospitality REIT were worth $609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APLE. Aster Capital Management DIFC Ltd acquired a new stake in Apple Hospitality REIT during the fourth quarter valued at approximately $31,000. Quarry LP raised its position in shares of Apple Hospitality REIT by 128.1% during the 4th quarter. Quarry LP now owns 3,118 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,751 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $51,000. GAMMA Investing LLC raised its position 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. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APLE has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on 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 Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT Price Performance

NYSE APLE opened at $11.93 on Tuesday. The company has a market cap of $2.85 billion, a PE ratio of 14.04 and a beta of 1.00. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. 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 stock’s 50-day moving average price is $12.96 and its two-hundred day moving average price is $14.57.

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, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $333.04 million for 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, analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.05%. Apple Hospitality REIT’s dividend payout ratio is 109.09%.

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.