Apple Hospitality REIT (NYSE:APLE) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Apple Hospitality REIT (NYSE:APLE) from a sell rating to a hold rating in a research report released on Tuesday morning.

Separately, Bank of America downgraded 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $18.40.

Apple Hospitality REIT Trading Up 0.4 %

Shares of APLE opened at $14.87 on Tuesday. Apple Hospitality REIT has a twelve month low of $14.22 and a twelve month high of $17.90. The firm has a market capitalization of $3.60 billion, a P/E ratio of 19.06 and a beta of 1.10. 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 stock’s fifty day simple moving average is $15.90 and its 200 day simple moving average is $16.22.

Apple Hospitality REIT Announces Dividend

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 $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Monday, April 29th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 123.08%.

Institutional Investors Weigh In On Apple Hospitality REIT

A number of large investors have recently modified their holdings of APLE. Principal Securities Inc. acquired a new position in Apple Hospitality REIT in the 4th quarter worth $26,000. EdgeRock Capital LLC purchased a new stake in shares of Apple Hospitality REIT during the fourth quarter worth about $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Apple Hospitality REIT in the first quarter worth about $37,000. GAMMA Investing LLC purchased a new position in Apple Hospitality REIT in the fourth quarter valued at about $41,000. Finally, Fortis Group Advisors LLC grew its stake in Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

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.