Greenwood Capital Associates LLC Sells 1,061 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Greenwood Capital Associates LLC lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,452 shares of the real estate investment trust’s stock after selling 1,061 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Apple Hospitality REIT were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in APLE. Victory Capital Management Inc. lifted its holdings in shares of Apple Hospitality REIT by 11.9% during the 3rd quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock worth $100,059,000 after acquiring an additional 718,844 shares during the period. Holocene Advisors LP acquired a new position in Apple Hospitality REIT during the third quarter valued at approximately $4,285,000. Barclays PLC lifted its stake in Apple Hospitality REIT by 118.8% during the third quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after purchasing an additional 229,293 shares during the last quarter. Systematic Financial Management LP boosted its holdings 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 purchasing an additional 207,256 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 1,110.9% in the 4th quarter. SG Americas Securities LLC now owns 205,409 shares of the real estate investment trust’s stock valued at $3,153,000 after purchasing an additional 188,446 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective for the company. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

Apple Hospitality REIT Stock Up 0.4 %

Shares of NYSE APLE opened at $15.41 on Wednesday. The firm has a market cap of $3.70 billion, a PE ratio of 18.12 and a beta of 1.13. The company has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $15.06. 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 $16.99.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data 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 return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $378.84 million during the quarter, compared to analyst estimates of $377.56 million. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.23%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 112.94%.

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.