Cerity Partners LLC Purchases 2,510 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Cerity Partners LLC grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 24.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,588 shares of the real estate investment trust’s stock after acquiring an additional 2,510 shares during the period. Cerity Partners LLC’s holdings in Apple Hospitality REIT were worth $209,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Maryland State Retirement & Pension System purchased a new position in Apple Hospitality REIT in the 3rd quarter worth $1,202,000. Bank of New York Mellon Corp lifted its stake in shares of 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 acquiring an additional 795,380 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Apple Hospitality REIT by 396.0% during 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 acquiring an additional 75,795 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Apple Hospitality REIT by 0.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,845 shares of the real estate investment trust’s stock worth $1,578,000 after acquiring an additional 674 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Apple Hospitality REIT in the 3rd quarter worth approximately $922,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Trading Up 0.5 %

NYSE APLE opened at $15.08 on Tuesday. 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 fifty-two week low of $14.22 and a fifty-two week high of $17.90. The stock has a market cap of $3.65 billion, a P/E ratio of 19.33 and a beta of 1.08. The stock has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $16.27.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Monday, April 29th. Apple Hospitality REIT’s payout ratio is 123.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APLE shares. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and dropped their price target for the company 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 given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.