New York State Teachers Retirement System Acquires 14,053 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

New York State Teachers Retirement System raised its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 108,988 shares of the real estate investment trust’s stock after buying an additional 14,053 shares during the quarter. New York State Teachers Retirement System’s holdings in Apple Hospitality REIT were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. lifted its position in Apple Hospitality REIT by 12.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 374,324 shares of the real estate investment trust’s stock valued at $6,311,000 after purchasing an additional 40,855 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Apple Hospitality REIT by 11.9% in the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 734 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Apple Hospitality REIT by 2.5% in the 4th quarter. Raymond James & Associates now owns 155,001 shares of the real estate investment trust’s stock worth $2,575,000 after acquiring an additional 3,772 shares during the last quarter. CIC Wealth LLC lifted its holdings in shares of Apple Hospitality REIT by 7.0% in the 4th quarter. CIC Wealth LLC now owns 16,730 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Apple Hospitality REIT by 9.8% in the 4th quarter. Sound Income Strategies LLC now owns 543,856 shares of the real estate investment trust’s stock worth $9,033,000 after acquiring an additional 48,503 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APLE shares. Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $18.00 in a report on Monday, January 8th. Wells Fargo & Company raised their target price 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. Finally, StockNews.com lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. One 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.40.

Apple Hospitality REIT Trading Down 2.0 %

Shares of APLE opened at $15.32 on Wednesday. Apple Hospitality REIT, Inc. has a 1-year low of $14.22 and a 1-year high of $17.90. The company has a 50-day moving average of $16.21 and a 200 day moving average of $16.27. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 19.63 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.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 6.27%. Apple Hospitality REIT’s payout ratio is 123.08%.

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.