Federated Hermes Inc. Has $129,000 Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Federated Hermes Inc. lowered its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 79.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,738 shares of the real estate investment trust’s stock after selling 30,302 shares during the period. Federated Hermes Inc.’s holdings in Apple Hospitality REIT were worth $129,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Apple Hospitality REIT in the third quarter worth $72,000. Blue Trust Inc. increased its position in Apple Hospitality REIT by 11.9% in the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 734 shares in the last quarter. Shelton Capital Management acquired a new position in Apple Hospitality REIT during the 3rd quarter worth approximately $159,000. Quadrature Capital Ltd bought a new position in Apple Hospitality REIT in the third quarter worth approximately $163,000. Finally, First Trust Direct Indexing L.P. grew its stake in Apple Hospitality REIT by 20.0% in the third quarter. First Trust Direct Indexing L.P. now owns 12,023 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 2,000 shares during the period. 89.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APLE shares. StockNews.com lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $18.00 in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.40.

Apple Hospitality REIT Stock Up 0.8 %

Apple Hospitality REIT stock opened at $14.80 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $3.59 billion, a PE ratio of 18.97 and a beta of 1.10. Apple Hospitality REIT, Inc. has a fifty-two week low of $14.22 and a fifty-two week high of $17.90. The firm’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $16.23.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Monday, April 29th. Apple Hospitality REIT’s dividend payout ratio is presently 123.08%.

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.