Barclays PLC grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Free Report) by 118.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,361 shares of the real estate investment trust's stock after acquiring an additional 229,293 shares during the period. Barclays PLC owned about 0.18% of Apple Hospitality REIT worth $6,273,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC bought a new stake in Apple Hospitality REIT in the second quarter valued at $26,000. Quarry LP lifted its position in shares of Apple Hospitality REIT by 127.5% in the 2nd 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 during the period. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Headlands Technologies LLC boosted its stake in shares of Apple Hospitality REIT by 4,406.5% during the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in shares of Apple Hospitality REIT during the second quarter valued at about $99,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of APLE opened at $15.34 on Friday. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.30. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.68 billion, a P/E ratio of 18.05 and a beta of 1.13. The business's 50 day moving average price is $15.57 and its 200-day moving average price is $14.88.
Apple Hospitality REIT (NYSE:APLE - Get Free Report) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS 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 company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. During the same period last year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Friday, November 29th. Apple Hospitality REIT's dividend payout ratio (DPR) is 112.94%.
APLE has been the topic of several research reports. Wells Fargo & Company cut their price objective on Apple Hospitality REIT from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Oppenheimer restated an "outperform" rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. BMO Capital Markets began coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an "outperform" rating and a $18.00 price objective for the company. Finally, StockNews.com upgraded shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $16.80.
Read Our Latest Stock Analysis on APLE
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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