Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,039,642 shares of the real estate investment trust’s stock after selling 119,990 shares during the period. Dimensional Fund Advisors LP owned approximately 1.33% of Apple Hospitality REIT worth $50,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board purchased a new stake in Apple Hospitality REIT in the 3rd quarter valued at $4,034,000. Vanguard Group Inc. grew its holdings in shares of Apple Hospitality REIT by 7.5% in the third quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock valued at $542,574,000 after purchasing an additional 2,476,241 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in Apple Hospitality REIT by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 310,624 shares of the real estate investment trust’s stock worth $5,159,000 after purchasing an additional 150,965 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Apple Hospitality REIT by 8.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 250,566 shares of the real estate investment trust’s stock worth $4,162,000 after purchasing an additional 19,309 shares during the period. Finally, Ameriprise Financial Inc. raised its stake 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 purchasing an additional 502,472 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 0.8 %

APLE opened at $14.36 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 0.79. Apple Hospitality REIT, Inc. has a one year low of $14.29 and a one year high of $17.90. The company has a market cap of $3.48 billion, a P/E ratio of 16.69 and a beta of 1.10. The business’s 50-day simple moving average is $15.35 and its 200-day simple moving average is $16.09.

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 for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $329.51 million during the quarter, compared to analysts’ expectations of $324.68 million. Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.64 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.08 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.69%. Apple Hospitality REIT’s dividend payout ratio is presently 111.63%.

Insider Activity at Apple Hospitality REIT

In other news, Chairman Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of $14.78 per share, with a total value of $73,900.00. Following the purchase, the chairman now directly owns 631,990 shares of the company’s stock, valued at approximately $9,340,812.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

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

Get Our Latest Stock Analysis on APLE

About Apple Hospitality REIT

(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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