New Age Alpha Advisors LLC Acquires New Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

New Age Alpha Advisors LLC bought a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 198,917 shares of the real estate investment trust’s stock, valued at approximately $3,053,000. New Age Alpha Advisors LLC owned 0.08% of Apple Hospitality REIT as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Apple Hospitality REIT by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 2,193 shares during the period. KBC Group NV lifted its stake 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 in the last quarter. Entropy Technologies LP acquired a new position in Apple Hospitality REIT during the 4th quarter worth approximately $159,000. Proficio Capital Partners LLC bought a new position in shares of Apple Hospitality REIT during the 4th quarter worth approximately $167,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Apple Hospitality REIT by 14.6% in 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 last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APLE shares. BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Apple Hospitality REIT currently 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 $12.86 on Friday. The company has a fifty day moving average price of $14.61 and a two-hundred day moving average price of $15.06. Apple Hospitality REIT, Inc. has a one year low of $12.76 and a one year high of $16.51. The stock has a market cap of $3.08 billion, a P/E ratio of 15.12 and a beta of 1.12. 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) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. As a group, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Monday, March 31st. Apple Hospitality REIT’s payout ratio is presently 109.09%.

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.