Pensionfund DSM Netherlands lifted its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 66.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the real estate investment trust’s stock after acquiring an additional 20,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Apple Hospitality REIT were worth $729,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in APLE. BlackRock Inc. increased its position in Apple Hospitality REIT by 3.2% during the 4th quarter. BlackRock Inc. now owns 15,449,503 shares of the real estate investment trust’s stock worth $199,454,000 after purchasing an additional 482,781 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Apple Hospitality REIT by 6,126.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,168,646 shares of the real estate investment trust’s stock worth $66,727,000 after purchasing an additional 5,085,637 shares in the last quarter. Principal Financial Group Inc. increased its position in Apple Hospitality REIT by 29,416.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,562,319 shares of the real estate investment trust’s stock worth $58,898,000 after purchasing an additional 4,546,862 shares in the last quarter. Russell Investments Group Ltd. grew its position in Apple Hospitality REIT by 397.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,034,292 shares of the real estate investment trust’s stock valued at $39,261,000 after acquiring an additional 2,424,715 shares in the last quarter. Finally, Norges Bank acquired a new stake in Apple Hospitality REIT in the fourth quarter valued at approximately $36,520,000. Institutional investors and hedge funds own 64.24% of the company’s stock.
A number of analysts have recently weighed in on the stock. TheStreet raised shares of Apple Hospitality REIT from a “d+” rating to a “c” rating in a research report on Tuesday, February 23rd. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, February 22nd. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09). Apple Hospitality REIT had a negative return on equity of 3.05% and a negative net margin of 12.73%. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 0.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. Apple Hospitality REIT’s payout ratio is presently 2.45%.
In other Apple Hospitality REIT news, Director Howard E. Woolley acquired 1,915 shares of the firm’s stock in a transaction on Monday, March 15th. The stock was purchased at an average cost of $15.66 per share, for a total transaction of $29,988.90. Following the transaction, the director now owns 1,915 shares of the company’s stock, valued at approximately $29,988.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.50% of the company’s stock.
Apple Hospitality REIT Company Profile
Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (ÂREITÂ) 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 235 hotels with more than 30,000 guest rooms located in 87 markets throughout 34 states.
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