Swiss National Bank Sells 49,800 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Swiss National Bank lowered its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 428,410 shares of the real estate investment trust’s stock after selling 49,800 shares during the quarter. Swiss National Bank owned about 0.19% of Apple Hospitality REIT worth $7,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Apple Hospitality REIT by 7.5% during the third quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock worth $542,574,000 after acquiring an additional 2,476,241 shares during the period. Principal Financial Group Inc. increased its position in Apple Hospitality REIT by 19.9% during the third quarter. Principal Financial Group Inc. now owns 7,040,599 shares of the real estate investment trust’s stock worth $108,003,000 after acquiring an additional 1,170,865 shares during the period. Victory Capital Management Inc. increased its position in Apple Hospitality REIT by 0.8% during the third quarter. Victory Capital Management Inc. now owns 5,325,652 shares of the real estate investment trust’s stock worth $81,696,000 after acquiring an additional 43,920 shares during the period. Charles Schwab Investment Management Inc. increased its position in Apple Hospitality REIT by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,134,029 shares of the real estate investment trust’s stock worth $63,416,000 after acquiring an additional 45,582 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Apple Hospitality REIT by 17.5% during the third quarter. Ameriprise Financial Inc. now owns 3,375,459 shares of the real estate investment trust’s stock worth $51,746,000 after acquiring an additional 502,472 shares during the period. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 0.8 %

Shares of Apple Hospitality REIT stock opened at $14.78 on Wednesday. The firm has a market capitalization of $3.58 billion, a PE ratio of 17.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $15.74 and its two-hundred day moving average price is $16.20. Apple Hospitality REIT, Inc. has a 52-week low of $14.22 and a 52-week high of $17.90.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The business had revenue of $329.51 million during the quarter, compared to the consensus estimate of $324.68 million. During the same period last year, the firm earned $0.34 EPS. On average, analysts expect that Apple Hospitality REIT, Inc. will post 1.65 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company 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 of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a dividend yield of 6.50%. Apple Hospitality REIT’s dividend payout ratio is presently 111.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.40.

View Our Latest Report on Apple Hospitality REIT

Apple Hospitality REIT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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