Blue Trust Inc. Purchases 734 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Blue Trust Inc. grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 11.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,927 shares of the real estate investment trust’s stock after acquiring an additional 734 shares during the quarter. Blue Trust Inc.’s holdings in Apple Hospitality REIT were worth $106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APLE. Acadian Asset Management LLC bought a new stake in Apple Hospitality REIT during the first quarter worth about $25,000. Advisory Services Network LLC lifted its stake in shares of Apple Hospitality REIT by 255.5% in the 1st quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,500 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at about $72,000. Captrust Financial Advisors bought a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at about $84,000. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Apple Hospitality REIT by 289.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 6,193 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 4,602 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

APLE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Finally, Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.40.

Get Our Latest Stock Analysis on Apple Hospitality REIT

Apple Hospitality REIT Stock Down 1.2 %

Shares of NYSE:APLE opened at $16.05 on Thursday. Apple Hospitality REIT, Inc. has a 1 year low of $14.22 and a 1 year high of $17.90. The company has a market cap of $3.88 billion, a PE ratio of 20.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s 50-day moving average is $16.29 and its 200 day moving average is $16.25.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 5.98%. Apple Hospitality REIT’s dividend payout ratio is presently 123.08%.

Apple Hospitality REIT Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding APLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Hospitality REIT, Inc. (NYSE:APLEFree Report).

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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