Dakota Wealth Management Sells 76,118 Shares of Apple Hospitality REIT, Inc. $APLE

Dakota Wealth Management lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 22.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,137 shares of the real estate investment trust’s stock after selling 76,118 shares during the period. Dakota Wealth Management owned about 0.11% of Apple Hospitality REIT worth $3,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Apple Hospitality REIT by 295.9% during the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Apple Hospitality REIT by 12,230.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 2,446 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Apple Hospitality REIT by 1,375.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,640 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Apple Hospitality REIT in the 3rd quarter worth $34,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Apple Hospitality REIT by 97.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,872 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays started coverage on Apple Hospitality REIT in a research report on Tuesday, January 6th. They set an “overweight” rating and a $14.00 target price on the stock. Bank of America downgraded Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Friday, December 26th. Three 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 currently has an average rating of “Hold” and a consensus price target of $12.92.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $11.91 per share, with a total value of $59,550.00. Following the acquisition, the chairman directly owned 710,344 shares in the company, valued at $8,460,197.04. This represents a 0.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.10% of the stock is currently owned by company insiders.

Apple Hospitality REIT Trading Down 0.7%

Shares of Apple Hospitality REIT stock opened at $12.13 on Wednesday. Apple Hospitality REIT, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $14.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.39 and a beta of 0.84. The company has a fifty day moving average of $12.16 and a 200 day moving average of $12.07.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.16). Apple Hospitality REIT had a net margin of 12.42% and a return on equity of 5.48%. The business had revenue of $326.44 million during the quarter, compared to analysts’ expectations of $322.60 million. On average, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, February 27th. Apple Hospitality REIT’s dividend payout ratio is presently 131.51%.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.