22,486 Shares in Apple Hospitality REIT, Inc. (NYSE:APLE) Purchased by Bailard Inc.

Bailard Inc. acquired a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,486 shares of the real estate investment trust’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in Apple Hospitality REIT by 13.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 132,784 shares of the real estate investment trust’s stock worth $2,037,000 after buying an additional 15,911 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Apple Hospitality REIT during the third quarter worth approximately $1,202,000. Bank of New York Mellon Corp raised its stake in Apple Hospitality REIT by 52.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,303,878 shares of the real estate investment trust’s stock valued at $35,341,000 after purchasing an additional 795,380 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Apple Hospitality REIT by 396.0% in the 3rd quarter. New York State Teachers Retirement System now owns 94,935 shares of the real estate investment trust’s stock valued at $1,456,000 after purchasing an additional 75,795 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Apple Hospitality REIT by 0.7% in the 3rd 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 purchasing an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $15.00 on Monday. 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 has a market capitalization of $3.64 billion, a PE ratio of 19.23 and a beta of 1.08. The business’s 50-day moving average price is $16.07 and its 200 day moving average price is $16.27. Apple Hospitality REIT, Inc. has a twelve month low of $14.22 and a twelve month high of $17.90.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a yield of 6.40%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

APLE has been the subject of several recent analyst reports. Bank of America cut Apple Hospitality REIT from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $18.00 in a report on Monday, January 8th. 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 research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus target price of $18.40.

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.