Signature Estate & Investment Advisors LLC Lowers Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Signature Estate & Investment Advisors LLC lessened its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,169 shares of the real estate investment trust’s stock after selling 1,033 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $248,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new position in Apple Hospitality REIT in the fourth quarter worth $905,000. KLP Kapitalforvaltning AS bought a new stake in Apple Hospitality REIT during the fourth quarter worth about $1,033,000. American Century Companies Inc. lifted its stake in Apple Hospitality REIT by 3.4% during the fourth quarter. American Century Companies Inc. now owns 77,398 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 2,529 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Apple Hospitality REIT by 38.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 121,358 shares of the real estate investment trust’s stock worth $1,863,000 after purchasing an additional 33,924 shares in the last quarter. Finally, Xponance Inc. increased 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 valued at $251,000 after purchasing an additional 1,413 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $12.99 on Friday. The company has a market capitalization of $3.11 billion, a P/E ratio of 15.28 and a beta of 1.12. Apple Hospitality REIT, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $15.07.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results 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 company had revenue of $333.04 million during the quarter, compared to analyst estimates of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

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. This represents a $0.96 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Finally, BMO Capital Markets assumed coverage on shares of 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 assigned a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT 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.