LSV Asset Management Cuts Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

LSV Asset Management trimmed its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,757,443 shares of the real estate investment trust’s stock after selling 141,500 shares during the period. LSV Asset Management’s holdings in Apple Hospitality REIT were worth $45,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Public Sector Pension Investment Board bought a new stake in Apple Hospitality REIT during the 3rd quarter valued at about $4,034,000. Vanguard Group Inc. lifted its holdings in Apple Hospitality REIT by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock valued at $542,574,000 after buying an additional 2,476,241 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Apple Hospitality REIT by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 310,624 shares of the real estate investment trust’s stock valued at $5,159,000 after buying an additional 150,965 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Apple Hospitality REIT by 8.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 250,566 shares of the real estate investment trust’s stock valued at $4,162,000 after buying an additional 19,309 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Apple Hospitality REIT by 17.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,375,459 shares of the real estate investment trust’s stock valued at $51,746,000 after purchasing an additional 502,472 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Bank of America downgraded shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $18.00 in a research report on Monday, January 8th. StockNews.com downgraded shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.40.

Apple Hospitality REIT Stock Up 0.1 %

Apple Hospitality REIT stock opened at $14.68 on Monday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 18.82 and a beta of 1.10. Apple Hospitality REIT, Inc. has a 52 week low of $14.22 and a 52 week high of $17.90. The business’s 50-day moving average price is $15.94 and its 200 day moving average price is $16.23. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.54%. The ex-dividend date is Monday, April 29th. Apple Hospitality REIT’s dividend payout ratio (DPR) is 123.08%.

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.