Hudson Edge Investment Partners Inc. Has $416,000 Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Hudson Edge Investment Partners Inc. grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,079 shares of the real estate investment trust’s stock after purchasing an additional 1,272 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Apple Hospitality REIT were worth $416,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after purchasing an additional 182,917 shares during the last quarter. Centiva Capital LP acquired a new position in Apple Hospitality REIT in the 3rd quarter worth about $1,067,000. Barclays PLC increased its holdings in shares of Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after acquiring an additional 229,293 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of Apple Hospitality REIT by 29.6% during the 3rd quarter. Foundry Partners LLC now owns 474,672 shares of the real estate investment trust’s stock valued at $7,049,000 after acquiring an additional 108,523 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,541 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APLE. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Wells Fargo & Company lowered 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. BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective on the stock. 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 report on Friday, November 8th. Finally, Bank of America raised 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 report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Price Performance

Shares of NYSE:APLE opened at $14.79 on Friday. The business has a 50 day moving average price of $15.29 and a 200 day moving average price of $15.11. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $16.99. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 17.39 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 6.49%. Apple Hospitality REIT’s payout ratio is 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.