Victory Capital Management Inc. Has $86.88 Million Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Victory Capital Management Inc. reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,230,417 shares of the real estate investment trust’s stock after selling 95,235 shares during the quarter. Victory Capital Management Inc.’s holdings in Apple Hospitality REIT were worth $86,877,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Apple Hospitality REIT by 0.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,845 shares of the real estate investment trust’s stock worth $1,578,000 after acquiring an additional 674 shares during the period. Blue Trust Inc. boosted its stake in Apple Hospitality REIT by 11.9% during the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 734 shares during the period. Arizona State Retirement System grew its holdings in Apple Hospitality REIT by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 61,947 shares of the real estate investment trust’s stock valued at $950,000 after buying an additional 749 shares during the last quarter. abrdn plc increased its position in Apple Hospitality REIT by 2.3% in the 3rd quarter. abrdn plc now owns 45,164 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 1,004 shares during the period. Finally, Van ECK Associates Corp increased its position in Apple Hospitality REIT by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 25,254 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 1,046 shares during the period. Institutional investors own 89.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Apple Hospitality REIT Stock Up 0.1 %

Shares of NYSE APLE opened at $14.68 on Friday. Apple Hospitality REIT, Inc. has a 12-month low of $14.22 and a 12-month high of $17.90. The firm’s 50-day simple moving average is $15.94 and its 200 day simple moving average is $16.23. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 18.82 and a beta of 1.10.

Apple Hospitality REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Monday, April 29th. Apple Hospitality REIT’s dividend payout ratio is currently 123.08%.

Apple Hospitality REIT Company 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.