Westwood Holdings Group Inc. Reduces Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Westwood Holdings Group Inc. decreased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLEFree Report) by 94.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,414 shares of the real estate investment trust’s stock after selling 463,000 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Apple Hospitality REIT were worth $422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in Apple Hospitality REIT during the 4th quarter valued at approximately $26,000. EdgeRock Capital LLC purchased a new stake in Apple Hospitality REIT in the fourth quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Apple Hospitality REIT in the 4th quarter valued at about $41,000. Quantbot Technologies LP acquired a new stake in Apple Hospitality REIT during the third quarter worth about $72,000. Finally, Blue Trust Inc. raised its position in Apple Hospitality REIT by 11.9% during the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APLE shares. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush assumed coverage on shares of Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.83.

View Our Latest Analysis on Apple Hospitality REIT

Apple Hospitality REIT Price Performance

NYSE:APLE opened at $14.23 on Monday. The firm has a market cap of $3.45 billion, a P/E ratio of 16.55 and a beta of 1.10. The stock has a 50 day moving average of $15.01 and a two-hundred day moving average of $15.98. Apple Hospitality REIT, Inc. has a 12 month low of $14.08 and a 12 month high of $17.90. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48.

Apple Hospitality REIT (NYSE:APLEGet Free Report) last announced its quarterly earnings data 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 firm 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 quarter in the previous year, the business posted $0.34 EPS. On average, analysts expect that Apple Hospitality REIT, Inc. will post 1.47 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

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 given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.75%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 111.63%.

Insider Activity

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

Apple Hospitality REIT 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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