TD Private Client Wealth LLC Sells 807 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

TD Private Client Wealth LLC lessened its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,920 shares of the real estate investment trust’s stock after selling 807 shares during the quarter. TD Private Client Wealth LLC’s holdings in Apple Hospitality REIT were worth $168,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Apple Hospitality REIT by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 2,193 shares in the last quarter. KBC Group NV raised its position in Apple Hospitality REIT by 37.8% during the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,541 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at $159,000. Proficio Capital Partners LLC bought a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $167,000. Finally, HighTower Advisors LLC acquired a new position in shares of Apple Hospitality REIT during the 3rd quarter worth $200,000. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $13.22 on Wednesday. The company has a 50 day simple moving average of $14.74 and a two-hundred day simple moving average of $15.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $16.60. The company has a market capitalization of $3.17 billion, a PE ratio of 15.55 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last issued 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. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $333.04 million for the quarter, compared to analysts’ expectations of $330.11 million. Research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s payout ratio is 109.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. 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 on the stock. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.80.

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.