Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 15.9% during the third quarter, HoldingsChannel reports. The firm owned 97,497 shares of the real estate investment trust’s stock after purchasing an additional 13,402 shares during the quarter. Penserra Capital Management LLC’s holdings in Apple Hospitality REIT were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of APLE. EdgeRock Capital LLC acquired a new position in Apple Hospitality REIT in the 2nd quarter valued at $26,000. Quarry LP boosted its holdings in shares of Apple Hospitality REIT by 127.5% in the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,290 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Apple Hospitality REIT by 40.4% during the third 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 during the period. Headlands Technologies LLC raised its holdings in Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in Apple Hospitality REIT in the second quarter valued at about $99,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

APLE stock opened at $16.17 on Wednesday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 19.02 and a beta of 1.11. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $15.20 and a 200-day moving average of $14.70. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last issued 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). The firm had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the prior year, the firm posted $0.45 earnings per share. As a group, equities analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 5.94%. Apple Hospitality REIT’s payout ratio is 112.94%.

Analyst Upgrades and Downgrades

APLE has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company reduced their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.