Strs Ohio Has $2.91 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Strs Ohio reduced its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 29.3% during the 4th quarter, HoldingsChannel reports. The firm owned 175,000 shares of the real estate investment trust’s stock after selling 72,650 shares during the quarter. Strs Ohio’s holdings in Apple Hospitality REIT were worth $2,906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Apple Hospitality REIT in the first quarter valued at about $25,000. Advisory Services Network LLC grew its position in Apple Hospitality REIT by 255.5% during the first quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,500 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Apple Hospitality REIT during the third quarter worth about $72,000. Captrust Financial Advisors acquired a new stake in Apple Hospitality REIT during the second quarter worth about $84,000. Finally, Ronald Blue Trust Inc. grew its position in Apple Hospitality REIT by 289.3% during the third quarter. Ronald Blue Trust Inc. now owns 6,193 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 4,602 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Apple Hospitality REIT Stock Down 0.3 %

Shares of APLE opened at $14.93 on Friday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 19.13 and a beta of 1.08. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45. Apple Hospitality REIT, Inc. has a 12 month low of $14.22 and a 12 month high of $17.90. The company has a 50-day moving average price of $16.16 and a two-hundred day moving average price of $16.25.

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 paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Wednesday, March 27th. Apple Hospitality REIT’s dividend payout ratio is 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.