Swiss National Bank Trims Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Swiss National Bank reduced its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,410 shares of the real estate investment trust’s stock after selling 3,300 shares during the period. Swiss National Bank’s holdings in Apple Hospitality REIT were worth $6,674,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Walleye Trading LLC purchased a new position in shares of Apple Hospitality REIT in the 1st quarter worth about $168,000. EMC Capital Management boosted its position in shares of Apple Hospitality REIT by 196.3% during the first quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 15,901 shares during the last quarter. Burney Co. bought a new stake in shares of Apple Hospitality REIT in the first quarter worth approximately $565,000. Aurora Investment Counsel raised its holdings in shares of Apple Hospitality REIT by 4.5% during the first quarter. Aurora Investment Counsel now owns 26,799 shares of the real estate investment trust’s stock valued at $439,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Apple Hospitality REIT by 51.2% during the first quarter. Westwood Holdings Group Inc. now owns 38,414 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 13,000 shares during the period. Institutional investors own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on APLE shares. Wells Fargo & Company dropped their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.50.

Apple Hospitality REIT Stock Performance

APLE opened at $16.17 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $17.90. The company has a 50 day simple moving average of $15.20 and a two-hundred day simple moving average of $14.70. The firm has a market cap of $3.88 billion, a P/E ratio of 19.02 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same period in the prior year, the business earned $0.45 earnings per share. Equities analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued 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 dividend payout ratio is presently 112.94%.

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.