Apple Hospitality REIT, Inc. $APLE Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC trimmed its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 62.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,046 shares of the real estate investment trust’s stock after selling 157,508 shares during the quarter. Isthmus Partners LLC’s holdings in Apple Hospitality REIT were worth $1,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APLE. Bank of New York Mellon Corp purchased a new position in Apple Hospitality REIT during the second quarter valued at approximately $26,774,000. Rush Island Management LP purchased a new stake in shares of Apple Hospitality REIT in the first quarter worth $17,143,000. SG Americas Securities LLC increased its stake in shares of Apple Hospitality REIT by 549.5% in the first quarter. SG Americas Securities LLC now owns 711,315 shares of the real estate investment trust’s stock worth $8,187,000 after purchasing an additional 601,803 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Apple Hospitality REIT in the first quarter worth $3,126,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Apple Hospitality REIT during the 2nd quarter valued at $4,215,000. Institutional investors own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APLE shares. Compass Point upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.50 to $18.50 in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price target on Apple Hospitality REIT from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Apple Hospitality REIT in a research note on Friday, August 21st. Wells Fargo & Company raised their price target on Apple Hospitality REIT from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Apple Hospitality REIT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $17.19.

Apple Hospitality REIT Stock Up 0.3%

NYSE APLE opened at $18.21 on Friday. Apple Hospitality REIT, Inc. has a 12 month low of $10.85 and a 12 month high of $18.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.30 billion, a PE ratio of 24.60, a P/E/G ratio of 3.56 and a beta of 0.92. The stock’s 50 day moving average is $16.22 and its 200 day moving average is $15.54.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $402.55 million during the quarter, compared to analyst estimates of $391.88 million. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. Research analysts predict that Apple Hospitality REIT, Inc. will post 1.60 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 30th. Apple Hospitality REIT’s payout ratio is 129.73%.

About Apple Hospitality REIT

Apple Hospitality REIT, Inc is a self-administered and self-managed real estate investment trust that owns a portfolio of upscale, select-service hotels across the United States. The company’s properties primarily operate under well-known hospitality brands affiliated with Marriott International, Hilton Worldwide Holdings and Hyatt Hotels Corporation.

Apple Hospitality’s hotels provide lodging and related guest services, including accommodations, meeting facilities, food and beverage offerings, and other amenities.