1 week Ago By Defense World Staff
Sei Investments Co. reduced its stake in Apple Hospitality REIT, Inc. ( NYSE:APLE – Free Report ) by 12.
6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,411 shares of the real estate investment trust’s stock after selling 8,142 shares during the period. Sei Investments Co.
’s holdings in Apple Hospitality REIT were worth $866,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also modified their holdings of APLE. GAMMA Investing LLC lifted its holdings in Apple Hospitality REIT by 80.
9% in the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 2,193 shares during the period. 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 worth $142,000 after buying an additional 2,541 shares during the last quarter. Entropy Technologies LP acquired a new stake in Apple Hospitality REIT during the fourth quarter worth about $159,000.
Proficio Capital Partners LLC purchased a new stake in Apple Hospitality REIT during the 4th quarter worth $167,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Apple Hospitality REIT by 14.6% during the third quarter.
TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 1,490 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets APLE has been the topic of a number of recent research reports. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.
00 in a research report on Monday, January 27th. Wells Fargo & Company cut their price target on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.80. Apple Hospitality REIT Stock Performance Shares of APLE stock opened at $10.
65 on Wednesday. The firm has a market cap of $2.55 billion, a P/E ratio of 12.
52 and a beta of 1.00. The stock’s 50-day moving average is $14.
05 and its two-hundred day moving average is $14.91. Apple Hospitality REIT, Inc.
has a fifty-two week low of $10.53 and a fifty-two week high of $16.50.
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.
04. Apple Hospitality REIT ( NYSE:APLE – Get Free Report ) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $0.
32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01.
The company had revenue of $333.04 million for the quarter, compared to analyst estimates of $330.11 million.
Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%.
Analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.
Apple Hospitality REIT Dividend Announcement The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.08 per share.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a dividend yield of 9.
02%. Apple Hospitality REIT’s dividend payout ratio is presently 109.09%.
About Apple Hospitality REIT ( Free Report ) 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. Recommended Stories Five stocks we like better than Apple Hospitality REIT What Are Dividend Challengers? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential How to start investing in penny stocks Qualcomm Breaks Down But RSI Signals It’s Severely Oversold How to Profit From Value Investing Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy Receive News & Ratings for Apple Hospitality REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Hospitality REIT and related companies with MarketBeat.
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