US Bancorp DE Buys 9,207 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

US Bancorp DE lifted its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 202.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,761 shares of the real estate investment trust’s stock after acquiring an additional 9,207 shares during the period. US Bancorp DE’s holdings in Apple Hospitality REIT were worth $178,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Apple Hospitality REIT by 569.5% during the 1st quarter. Versant Capital Management Inc now owns 2,805 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,386 shares in the last quarter. Quarry LP raised its position in Apple Hospitality REIT by 128.1% in the 4th quarter. Quarry LP now owns 3,118 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 1,751 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Apple Hospitality REIT in the fourth quarter valued at about $64,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Apple Hospitality REIT in the fourth quarter valued at about $92,000. Finally, Blue Trust Inc. boosted its stake in shares of Apple Hospitality REIT by 16.9% during the 1st quarter. Blue Trust Inc. now owns 9,934 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,438 shares in the last quarter. 89.66% of the stock is owned by 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 research note on Monday, June 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.75.

Apple Hospitality REIT Stock Down 1.2%

Shares of Apple Hospitality REIT stock opened at $12.17 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $2.88 billion, a PE ratio of 16.23 and a beta of 1.08. Apple Hospitality REIT, Inc. has a 52-week low of $10.44 and a 52-week high of $16.50. The company has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $12.65.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $384.37 million during the quarter, compared to analysts’ expectations of $381.37 million. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. On average, analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently declared a jul 25 dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.08 dividend. This represents a dividend yield of 770.0%. The ex-dividend date was Thursday, July 31st. Apple Hospitality REIT’s dividend payout ratio is presently 128.00%.

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.