Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,169 shares of the real estate investment trust’s stock after selling 42,270 shares during the period. Dakota Wealth Management’s holdings in Apple Hospitality REIT were worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in APLE. Victory Capital Management Inc. boosted its stake in Apple Hospitality REIT by 11.9% during the 3rd quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock worth $100,059,000 after purchasing an additional 718,844 shares during the last quarter. Geode Capital Management LLC grew its stake in Apple Hospitality REIT by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after acquiring an additional 62,149 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Apple Hospitality REIT by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock valued at $77,867,000 after acquiring an additional 18,858 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after purchasing an additional 182,917 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Apple Hospitality REIT by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after purchasing an additional 154,159 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APLE has been the topic of a number of recent research reports. BMO Capital Markets started coverage on Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective on the stock. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.50.

Apple Hospitality REIT Trading Down 0.6 %

NYSE:APLE opened at $15.19 on Thursday. The company has a market capitalization of $3.64 billion, a PE ratio of 17.86 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 52-week low of $13.60 and a 52-week high of $16.99. The stock’s 50 day moving average price is $15.56 and its 200 day moving average price is $15.01. 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 announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The business had revenue of $378.84 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.45 earnings per share. On average, research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a yield of 6.32%. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

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.