Isthmus Partners LLC Buys New Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Isthmus Partners LLC purchased a new position in Apple Hospitality REIT, Inc. (NYSE:APLE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 199,904 shares of the real estate investment trust’s stock, valued at approximately $3,069,000. Isthmus Partners LLC owned about 0.08% of Apple Hospitality REIT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Apple Hospitality REIT by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust’s stock valued at $103,885,000 after acquiring an additional 29,781 shares during the last quarter. Geode Capital Management LLC increased its stake in Apple Hospitality REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after purchasing an additional 62,149 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Apple Hospitality REIT by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock worth $77,867,000 after purchasing an additional 18,858 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Apple Hospitality REIT by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after buying an additional 133,505 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Apple Hospitality REIT by 11.0% in the 3rd quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust’s stock valued at $31,183,000 after buying an additional 207,256 shares during the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Up 2.2 %

Apple Hospitality REIT stock opened at $14.68 on Monday. The stock has a 50 day moving average of $15.07 and a two-hundred day moving average of $15.16. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $16.99. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 17.26 and a beta of 1.12. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $333.04 million during 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%. As a group, research 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 declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 6.54%. Apple Hospitality REIT’s dividend payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APLE. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price for the company. Wells Fargo & Company cut 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. Finally, Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $17.00 in a research note 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Apple Hospitality REIT 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.