Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE – Free Report) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.

The fund owned 11,018 shares of the real estate investment trust’s stock after selling 3,317 shares during the period. Teacher Retirement System of Texas’ holdings in Apple Hospitality REIT were worth $169,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also modified their holdings of APLE.



Charles Schwab Investment Management Inc. grew its holdings in shares of Apple Hospitality REIT by 3.0% during the fourth quarter.

Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after buying an additional 133,505 shares in the last quarter. Centiva Capital LP acquired a new stake in Apple Hospitality REIT during the third quarter worth approximately $1,067,000.

Barclays PLC grew its stake in Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after acquiring an additional 229,293 shares during the period.

KBC Group NV raised its holdings in Apple Hospitality REIT by 37.8% in 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.

Finally, Raymond James Financial Inc. purchased a new position in shares of Apple Hospitality REIT during the 4th quarter worth $3,844,000. 89.

66% of the stock is owned by hedge funds and other institutional investors. Apple Hospitality REIT Price PerformanceShares of Apple Hospitality REIT stock opened at $12.92 on Thursday.

The stock has a market capitalization of $3.10 billion, a P/E ratio of 15.20 and a beta of 1.

12. The company has a current ratio of 0.04, a quick ratio of 0.

04 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $14.

48 and its 200 day moving average price is $15.04. Apple Hospitality REIT, Inc.

has a twelve month low of $12.65 and a twelve month high of $16.50.

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. 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 for the quarter, compared to analyst estimates of $330.11 million. As a group, research analysts anticipate that Apple Hospitality REIT, Inc.

will post 1.6 earnings per share for the current year. Apple Hospitality REIT Announces DividendThe company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th.

Shareholders of record on Monday, March 31st will be given a $0.08 dividend. The ex-dividend date is Monday, March 31st.

This represents a $0.96 dividend on an annualized basis and a yield of 7.43%.

Apple Hospitality REIT’s payout ratio is currently 109.09%. Wall Street Analysts Forecast GrowthA number of equities research analysts have recently commented on APLE shares.

Wells Fargo & Company lowered their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th.

Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th.

Finally, BMO Capital Markets began coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective on the stock.

Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT has an average rating of “Moderate Buy” and an average target price of $16.

80.Get Our Latest Research Report on Apple Hospitality REITAbout 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.

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(NYSE:APLE – Free Report)..