Capital Fund Management S.A. Has $3.06 Million Stock Holdings in Apple Hospitality REIT, Inc. $APLE

Capital Fund Management S.A. increased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 40.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,579 shares of the real estate investment trust’s stock after acquiring an additional 75,767 shares during the period. Capital Fund Management S.A. owned about 0.11% of Apple Hospitality REIT worth $3,064,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in Apple Hospitality REIT by 12,230.0% in the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 2,446 shares during the period. NewEdge Advisors LLC lifted its position in Apple Hospitality REIT by 295.9% in the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,814 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Apple Hospitality REIT by 444.4% during the second quarter. Caitong International Asset Management Co. Ltd now owns 2,793 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,280 shares during the period. Kestra Investment Management LLC acquired a new position in Apple Hospitality REIT during the 1st quarter worth approximately $57,000. Finally, Security National Bank acquired a new position in Apple Hospitality REIT during the second quarter worth $60,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on APLE. Wells Fargo & Company upgraded Apple Hospitality REIT to a “hold” rating in a research note on Friday, October 3rd. Cantor Fitzgerald started coverage on Apple Hospitality REIT in a report on Wednesday, October 1st. They set an “overweight” rating and a $14.00 price objective for the company. Robert W. Baird lowered their price target on shares of Apple Hospitality REIT from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Apple Hospitality REIT in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.70.

Apple Hospitality REIT Stock Performance

NYSE:APLE opened at $11.79 on Wednesday. The stock’s 50-day moving average is $11.68 and its 200-day moving average is $11.98. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.43. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.79 billion, a P/E ratio of 16.14 and a beta of 0.83.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Apple Hospitality REIT had a net margin of 12.37% and a return on equity of 5.46%. The business had revenue of $373.88 million for the quarter, compared to the consensus estimate of $371.94 million. Equities research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 8.1%. Apple Hospitality REIT’s payout ratio is currently 131.51%.

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.