Sheaff Brock Investment Advisors LLC Reduces Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,618 shares of the real estate investment trust’s stock after selling 3,224 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Trust Direct Indexing L.P. grew its stake in Apple Hospitality REIT by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 921 shares in the last quarter. Ellis Investment Partners LLC grew its stake in Apple Hospitality REIT by 4.6% in the third quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 948 shares in the last quarter. Inspire Advisors LLC grew its stake in Apple Hospitality REIT by 8.2% in the third quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,008 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Apple Hospitality REIT by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 169,222 shares of the real estate investment trust’s stock worth $2,513,000 after purchasing an additional 1,105 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Apple Hospitality REIT by 14.6% in the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,490 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APLE has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. 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 for the company. Finally, Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Moderate Buy” and an average target price of $16.60.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $15.26 on Monday. 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 business has a 50 day moving average of $15.39 and a two-hundred day moving average of $15.09. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $16.99. The company has a market cap of $3.66 billion, a P/E ratio of 17.95 and a beta of 1.13.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.29%. Apple Hospitality REIT’s payout ratio is currently 112.94%.

Apple Hospitality REIT 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.