Apple Hospitality REIT, Inc. (NYSE:APLE) Stake Raised by Burney Co.

Burney Co. increased its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,137 shares of the real estate investment trust’s stock after purchasing an additional 3,208 shares during the quarter. Burney Co.’s holdings in Apple Hospitality REIT were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Masterton Capital Management LP bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter worth about $3,378,000. Dimensional Fund Advisors LP raised its holdings in Apple Hospitality REIT by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after purchasing an additional 154,159 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Apple Hospitality REIT by 4.3% in the third 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 period. Centiva Capital LP acquired a new position in shares of Apple Hospitality REIT during the 3rd quarter valued at $1,067,000. Finally, Barclays PLC raised its stake in shares of 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 buying an additional 229,293 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APLE. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Trading Down 0.3 %

Shares of APLE opened at $15.05 on Friday. The business’s 50-day moving average price is $15.60 and its 200 day moving average price is $14.98. 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 stock has a market capitalization of $3.61 billion, a P/E ratio of 17.70 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $16.99.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The firm had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. During the same period last year, the business earned $0.45 earnings per share. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.38%. The ex-dividend date was Tuesday, December 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) 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.