Teacher Retirement System of Texas Has $430,000 Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Teacher Retirement System of Texas grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 202.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,331 shares of the real estate investment trust’s stock after acquiring an additional 22,313 shares during the quarter. Teacher Retirement System of Texas’ holdings in Apple Hospitality REIT were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Apple Hospitality REIT by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust’s stock worth $126,472,000 after buying an additional 1,761,996 shares in the last quarter. Northern Trust Corp raised its stake in shares of Apple Hospitality REIT by 6.9% in the fourth quarter. Northern Trust Corp now owns 3,259,501 shares of the real estate investment trust’s stock worth $50,033,000 after purchasing an additional 209,698 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Apple Hospitality REIT by 3.0% during the 4th quarter. Systematic Financial Management LP now owns 2,163,458 shares of the real estate investment trust’s stock valued at $33,209,000 after purchasing an additional 63,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple Hospitality REIT by 1.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,484,034 shares of the real estate investment trust’s stock valued at $22,780,000 after purchasing an additional 22,692 shares during the period. Finally, Norges Bank bought a new position in shares of Apple Hospitality REIT in the fourth quarter worth about $21,099,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $12.00 in a report on Monday, June 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.75.

Insider Buying and Selling

In related news, Chairman Glade M. Knight bought 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $11.43 per share, for a total transaction of $114,300.00. Following the acquisition, the chairman owned 700,344 shares in the company, valued at approximately $8,004,931.92. This represents a 1.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 12,000 shares of company stock worth $137,120. Insiders own 7.10% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of NYSE APLE opened at $12.29 on Friday. Apple Hospitality REIT, Inc. has a 12 month low of $10.44 and a 12 month high of $16.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 15.55 and a beta of 1.04. The company has a 50 day simple moving average of $11.86 and a two-hundred day simple moving average of $13.08.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $327.70 million during the quarter, compared to analyst estimates of $332.86 million. Apple Hospitality REIT had a return on equity of 5.84% and a net margin of 13.38%. As a group, analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 30th. This represents a $0.96 annualized dividend and a dividend yield of 7.81%. Apple Hospitality REIT’s dividend payout ratio is currently 121.52%.

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.