Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 920,660 shares of the real estate investment trust’s stock after acquiring an additional 3,430 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.38% of Apple Hospitality REIT worth $14,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,290 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 780 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Apple Hospitality REIT by 30.0% during the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,831 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Apple Hospitality REIT by 21.3% in the 3rd quarter. Blue Trust Inc. now owns 11,716 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 2,059 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Apple Hospitality REIT by 28.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,262 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 2,506 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Down 0.6 %

APLE stock opened at $15.19 on Thursday. The company has a 50 day moving average of $15.56 and a two-hundred day moving average of $15.01. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 17.86 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, equities analysts anticipate 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 declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.32%. Apple Hospitality REIT’s payout ratio is 112.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APLE. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and an average target price of $16.50.

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.