Keybank National Association OH Has $617,000 Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Keybank National Association OH increased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,163 shares of the real estate investment trust’s stock after buying an additional 1,218 shares during the quarter. Keybank National Association OH’s holdings in Apple Hospitality REIT were worth $617,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Apple Hospitality REIT by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 2,193 shares during the period. Covestor Ltd raised its stake in shares of Apple Hospitality REIT by 30.0% in the 3rd quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,831 shares during the period. KBC Group NV raised its stake in shares of Apple Hospitality REIT by 37.8% in the 4th 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 during the period. Entropy Technologies LP acquired a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at about $159,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at about $167,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

APLE opened at $14.68 on Friday. The business’s 50-day simple moving average is $15.07 and its 200 day simple moving average is $15.15. The firm has a market capitalization of $3.52 billion, a PE ratio of 17.26 and a beta of 1.12. 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 52-week low of $13.60 and a 52-week high of $16.99.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. As a group, sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analyst Weigh In

Several analysts have issued reports on APLE shares. BMO Capital Markets started coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They issued an “outperform” rating and a $18.00 price target on the stock. Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a research note on Monday, January 27th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company dropped their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Apple Hospitality REIT currently 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.