FORA Capital LLC Takes Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

FORA Capital LLC purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the third quarter, HoldingsChannel reports. The firm purchased 38,475 shares of the real estate investment trust’s stock, valued at approximately $571,000.

A number of other hedge funds also recently modified their holdings of the stock. EdgeRock Capital LLC acquired a new stake in Apple Hospitality REIT during the second quarter worth approximately $26,000. Quarry LP lifted its holdings in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,290 shares during the last quarter. GAMMA Investing LLC boosted its position in Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. bought a new position in Apple Hospitality REIT in the second quarter valued at about $99,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Up 0.2 %

Shares of NYSE APLE opened at $16.20 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $3.89 billion, a PE ratio of 19.06 and a beta of 1.11. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $17.90. The business’s fifty day moving average price is $15.27 and its 200-day moving average price is $14.72.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is 112.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APLE shares. Oppenheimer reissued an “outperform” rating and issued a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Wells Fargo & Company dropped their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $16.50.

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.