Swiss National Bank Sells 7,800 Shares of Apple Hospitality REIT, Inc. $APLE

Swiss National Bank cut its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,610 shares of the real estate investment trust’s stock after selling 7,800 shares during the quarter. Swiss National Bank owned approximately 0.19% of Apple Hospitality REIT worth $5,701,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Isthmus Partners LLC raised its position in shares of Apple Hospitality REIT by 0.5% in the first quarter. Isthmus Partners LLC now owns 200,823 shares of the real estate investment trust’s stock valued at $2,593,000 after purchasing an additional 919 shares during the period. Xponance Inc. increased its position in Apple Hospitality REIT by 6.4% during the first quarter. Xponance Inc. now owns 17,385 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 1,044 shares during the period. Oppenheimer & Co. Inc. increased its position in Apple Hospitality REIT by 6.2% during the first quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 1,100 shares during the period. PFG Investments LLC increased its position in Apple Hospitality REIT by 9.2% during the first quarter. PFG Investments LLC now owns 13,216 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,115 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Apple Hospitality REIT by 2.9% during the first quarter. Avantax Advisory Services Inc. now owns 45,495 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 1,278 shares during the period. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Trading Up 0.7%

APLE opened at $12.24 on Tuesday. The company’s 50 day moving average is $12.01 and its 200-day moving average is $12.59. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.90 billion, a P/E ratio of 16.32 and a beta of 1.08.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. The business had revenue of $384.37 million for the quarter, compared to the consensus estimate of $381.37 million. Equities research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

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

Analyst Upgrades and Downgrades

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

Apple Hospitality REIT 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.