Inspire Advisors LLC Purchases 1,137 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Inspire Advisors LLC increased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,502 shares of the real estate investment trust’s stock after acquiring an additional 1,137 shares during the quarter. Inspire Advisors LLC’s holdings in Apple Hospitality REIT were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in shares of Apple Hospitality REIT by 12.3% in the third quarter. Van ECK Associates Corp now owns 39,179 shares of the real estate investment trust’s stock valued at $576,000 after buying an additional 4,300 shares in the last quarter. Covestor Ltd lifted its stake in shares of Apple Hospitality REIT by 30.0% in the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,831 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Apple Hospitality REIT by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 267,395 shares of the real estate investment trust’s stock valued at $3,971,000 after buying an additional 6,304 shares in the last quarter. Versor Investments LP bought a new position in shares of Apple Hospitality REIT in the third quarter valued at $526,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Apple Hospitality REIT by 11.9% in the third quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock valued at $100,059,000 after buying an additional 718,844 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $13.66 on Thursday. Apple Hospitality REIT, Inc. has a 52-week low of $13.46 and a 52-week high of $16.84. The company has a 50-day simple moving average of $15.01 and a 200 day simple moving average of $15.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $3.27 billion, a PE ratio of 16.06 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data 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. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 7.03%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APLE shares. Wells Fargo & Company dropped their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their target price 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.