Landscape Capital Management L.L.C. Lowers Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Landscape Capital Management L.L.C. decreased its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 38.3% during the 3rd quarter, Holdings Channel reports. The fund owned 10,754 shares of the real estate investment trust’s stock after selling 6,667 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Apple Hospitality REIT were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in shares of Apple Hospitality REIT in the third quarter valued at about $887,000. Aurora Investment Counsel boosted its holdings in shares of Apple Hospitality REIT by 20.2% in the third quarter. Aurora Investment Counsel now owns 91,140 shares of the real estate investment trust’s stock valued at $1,353,000 after acquiring an additional 15,338 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Apple Hospitality REIT in the third quarter valued at about $611,000. Segall Bryant & Hamill LLC lifted its stake in shares of Apple Hospitality REIT by 3.3% in the third quarter. Segall Bryant & Hamill LLC now owns 380,163 shares of the real estate investment trust’s stock valued at $5,645,000 after purchasing an additional 12,089 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of Apple Hospitality REIT by 28.8% in the third quarter. Metis Global Partners LLC now owns 23,056 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 5,157 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $16.33 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.92 billion, a P/E ratio of 19.20 and a beta of 1.11. The company has a 50-day moving average of $15.16 and a two-hundred day moving average of $14.69. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The business had revenue of $378.84 million for the quarter, compared to analyst estimates of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is presently 112.94%.

Analyst Ratings Changes

Several brokerages recently commented on APLE. Wells Fargo & Company reduced their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.50.

About Apple Hospitality REIT

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.