Metis Global Partners LLC Has $394,000 Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Metis Global Partners LLC lifted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 11.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,677 shares of the real estate investment trust’s stock after buying an additional 2,621 shares during the quarter. Metis Global Partners LLC’s holdings in Apple Hospitality REIT were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its position in Apple Hospitality REIT by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 2,193 shares during the last quarter. Covestor Ltd grew its position in Apple Hospitality REIT by 30.0% during the 3rd quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,831 shares during the last quarter. KBC Group NV grew its position in Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 2,541 shares during the last quarter. Entropy Technologies LP bought a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $159,000. Finally, Proficio Capital Partners LLC bought a new stake in Apple Hospitality REIT during the 4th quarter worth approximately $167,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on APLE shares. Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $17.00 in a research report on Monday, January 27th. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, BMO Capital Markets started coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Apple Hospitality REIT has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Apple Hospitality REIT Stock Performance

APLE stock opened at $14.54 on Thursday. The business’s fifty day moving average is $15.13 and its 200-day moving average is $15.15. 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 company has a market cap of $3.49 billion, a P/E ratio of 17.11 and a beta of 1.13. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $16.99.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. Equities research analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 109.09%.

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.