Segall Bryant & Hamill LLC Grows Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Segall Bryant & Hamill LLC grew its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 380,163 shares of the real estate investment trust’s stock after buying an additional 12,089 shares during the period. Segall Bryant & Hamill LLC’s holdings in Apple Hospitality REIT were worth $5,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APLE. EdgeRock Capital LLC purchased a new position in shares of Apple Hospitality REIT in the second quarter valued at about $26,000. Quarry LP grew its position in shares of Apple Hospitality REIT by 127.5% during the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,290 shares in the last quarter. GAMMA Investing LLC raised its stake in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 780 shares during the period. Headlands Technologies LLC lifted its holdings in Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in Apple Hospitality REIT in the 2nd quarter worth approximately $99,000. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Up 2.2 %

APLE opened at $16.09 on Friday. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The company has a market capitalization of $3.86 billion, a P/E ratio of 18.93 and a beta of 1.11. The stock’s fifty day moving average is $15.12 and its two-hundred day moving average is $14.68. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The business 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 in the prior year, the business posted $0.45 earnings per share. Analysts forecast 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 will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 5.97%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 112.94%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, Wells Fargo & Company cut their price target on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $16.50.

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.