Bokf Na Has $328,000 Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Bokf Na increased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 25.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,514 shares of the real estate investment trust’s stock after buying an additional 4,506 shares during the quarter. Bokf Na’s holdings in Apple Hospitality REIT were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in APLE. Norges Bank acquired a new stake in shares of Apple Hospitality REIT during the 4th quarter worth approximately $21,099,000. Charles Schwab Investment Management Inc. lifted its stake in Apple Hospitality REIT by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after purchasing an additional 133,505 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Apple Hospitality REIT by 133.4% in the 4th quarter. Martingale Asset Management L P now owns 95,642 shares of the real estate investment trust’s stock valued at $1,468,000 after purchasing an additional 54,661 shares in the last quarter. Barclays PLC increased its stake in shares of Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after purchasing an additional 229,293 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,541 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Glade M. Knight purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $11.43 per share, with a total value of $114,300.00. Following the completion of the purchase, the chairman now owns 700,344 shares in the company, valued at approximately $8,004,931.92. This represents a 1.45 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have purchased 12,000 shares of company stock valued at $137,120. 7.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on APLE shares. Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Apple Hospitality REIT has an average rating of “Moderate Buy” and an average price target of $16.80.

Apple Hospitality REIT Price Performance

Apple Hospitality REIT stock opened at $11.76 on Friday. The stock has a 50-day moving average price of $12.41 and a two-hundred day moving average price of $14.36. Apple Hospitality REIT, Inc. has a 12 month low of $10.44 and a 12 month high of $16.50. The company has a market capitalization of $2.80 billion, a PE ratio of 13.84 and a beta of 1.07. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a yield of 8.16%. Apple Hospitality REIT’s payout ratio is 121.52%.

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.