Daiwa Securities Group Inc. Decreases Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Daiwa Securities Group Inc. trimmed its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,659 shares of the real estate investment trust’s stock after selling 3,244 shares during the period. Daiwa Securities Group Inc.’s holdings in Apple Hospitality REIT were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APLE. Quantbot Technologies LP purchased a new stake in Apple Hospitality REIT during the 3rd quarter worth $72,000. Blue Trust Inc. lifted its holdings in 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 buying an additional 734 shares in the last quarter. Goldstein Advisors LLC acquired a new position in Apple Hospitality REIT in the 3rd quarter worth $157,000. Shelton Capital Management acquired a new position in Apple Hospitality REIT in the 3rd quarter worth $159,000. Finally, Quadrature Capital Ltd acquired a new position in Apple Hospitality REIT in the 3rd quarter worth $163,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $18.00 in a report on Monday, January 8th. StockNews.com lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.40.

Apple Hospitality REIT Stock Performance

Shares of Apple Hospitality REIT stock opened at $15.26 on Thursday. The firm has a market cap of $3.70 billion, a PE ratio of 19.58 and a beta of 1.08. The firm’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $16.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36. Apple Hospitality REIT, Inc. has a 1 year low of $14.22 and a 1 year high of $17.90.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.08 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.29%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 123.08%.

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 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.