Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 293,100 shares of the real estate investment trust’s stock after acquiring an additional 9,000 shares during the period. Nomura Asset Management Co. Ltd. owned 0.12% of Apple Hospitality REIT worth $4,499,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in shares of Apple Hospitality REIT by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 2,193 shares during the period. KBC Group NV lifted its position in Apple Hospitality REIT by 37.8% in the fourth 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 purchased a new stake in Apple Hospitality REIT in the 4th quarter valued at approximately $159,000. Proficio Capital Partners LLC acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $167,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Apple Hospitality REIT by 14.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APLE shares. Wells Fargo & Company dropped their price objective 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. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Trading Up 0.1 %

NYSE:APLE opened at $12.93 on Wednesday. Apple Hospitality REIT, Inc. has a 52-week low of $12.65 and a 52-week high of $16.50. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $14.52 and a 200-day simple moving average of $15.05. The company has a market capitalization of $3.10 billion, a PE ratio of 15.21 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $333.04 million during the quarter, compared to analysts’ expectations of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. On average, equities research 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 announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

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.