Barclays PLC Grows Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Barclays PLC raised its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 10.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 225,470 shares of the real estate investment trust’s stock after acquiring an additional 22,004 shares during the quarter. Barclays PLC’s holdings in Apple Hospitality REIT were worth $3,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Apple Hospitality REIT by 2.9% during the 2nd quarter. Van ECK Associates Corp now owns 24,208 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 679 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Apple Hospitality REIT by 0.8% during the 4th quarter. Baird Financial Group Inc. now owns 92,924 shares of the real estate investment trust’s stock valued at $1,467,000 after purchasing an additional 739 shares during the last quarter. Lido Advisors LLC increased its position in shares of Apple Hospitality REIT by 1.5% during the 1st quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 786 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Apple Hospitality REIT by 6.8% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 12,500 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 800 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Apple Hospitality REIT by 0.6% during the 1st quarter. LPL Financial LLC now owns 163,121 shares of the real estate investment trust’s stock valued at $2,532,000 after purchasing an additional 1,028 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Apple Hospitality REIT Trading Up 1.8 %

NYSE APLE opened at $15.88 on Monday. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $18.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.84 and a current ratio of 0.07. The stock has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $15.29. The stock has a market cap of $3.63 billion, a P/E ratio of 22.69 and a beta of 1.13.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.05%. The ex-dividend date is Monday, October 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 137.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APLE shares. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Sunday. Oppenheimer reduced their price target on Apple Hospitality REIT from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, August 7th. B. Riley reduced their price target on Apple Hospitality REIT from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Finally, Wolfe Research started coverage on Apple Hospitality REIT in a research report on Wednesday, September 27th. They set a “peer perform” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.20.

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 220 hotels with more than 28,900 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.