EMC Capital Management Buys 23,947 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

EMC Capital Management grew its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 44,346.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,001 shares of the real estate investment trust’s stock after buying an additional 23,947 shares during the quarter. EMC Capital Management’s holdings in Apple Hospitality REIT were worth $368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Apple Hospitality REIT by 11.9% during 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 during the last quarter. Holocene Advisors LP purchased a new stake in Apple Hospitality REIT in the 3rd quarter worth $4,285,000. Barclays PLC boosted 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 purchasing an additional 229,293 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Apple Hospitality REIT by 11.0% during the third quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust’s stock valued at $31,183,000 after purchasing an additional 207,256 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Apple Hospitality REIT by 1,110.9% in the fourth quarter. SG Americas Securities LLC now owns 205,409 shares of the real estate investment trust’s stock worth $3,153,000 after purchasing an additional 188,446 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

Shares of Apple Hospitality REIT stock opened at $15.51 on Thursday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 18.34 and a beta of 1.13. 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 stock has a 50 day moving average price of $15.55 and a 200-day moving average price of $15.05. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $16.99.

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

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.19%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 112.94%.

Analysts Set New Price Targets

APLE has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 price target for the company. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $17.00 in a report on Monday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price target (up previously 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 three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

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.