Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,001 shares of the real estate investment trust’s stock after acquiring an additional 3,772 shares during the period. Raymond James & Associates’ holdings in Apple Hospitality REIT were worth $2,575,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Apple Hospitality REIT by 0.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,845 shares of the real estate investment trust’s stock valued at $1,578,000 after buying an additional 674 shares during the period. Baird Financial Group Inc. grew its position in Apple Hospitality REIT by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 92,924 shares of the real estate investment trust’s stock valued at $1,467,000 after acquiring an additional 739 shares in the last quarter. Arizona State Retirement System grew its position in shares of Apple Hospitality REIT by 1.2% during the third quarter. Arizona State Retirement System now owns 61,947 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 749 shares in the last quarter. Lido Advisors LLC grew its position in shares of Apple Hospitality REIT by 1.5% during the first quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 786 shares in the last quarter. Finally, abrdn plc grew its position in shares of Apple Hospitality REIT by 2.3% during the third quarter. abrdn plc now owns 45,164 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 1,004 shares in the last quarter. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Bank of America cut Apple Hospitality REIT from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $18.00 in a research note on Monday, January 8th. Finally, StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Apple Hospitality REIT currently has an average rating of “Hold” and an average price target of $18.40.

Apple Hospitality REIT Price Performance

Shares of Apple Hospitality REIT stock opened at $15.62 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $16.22 and its two-hundred day moving average price is $16.27. Apple Hospitality REIT, Inc. has a 52 week low of $14.22 and a 52 week high of $17.90. The stock has a market cap of $3.79 billion, a PE ratio of 20.03 and a beta of 1.08.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.15%. The ex-dividend date was Wednesday, March 27th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 123.08%.

Apple Hospitality REIT Company 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.