Systematic Financial Management LP cut its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,325 shares of the real estate investment trust’s stock after selling 4,500 shares during the quarter. Systematic Financial Management LP’s holdings in Apple Hospitality REIT were worth $1,595,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its position in Apple Hospitality REIT by 31.1% during the 1st quarter. Morgan Stanley now owns 88,526 shares of the real estate investment trust’s stock worth $1,692,000 after acquiring an additional 20,987 shares during the last quarter. Bank of Montreal Can grew its position in Apple Hospitality REIT by 12.8% during the 2nd quarter. Bank of Montreal Can now owns 84,087 shares of the real estate investment trust’s stock worth $1,573,000 after acquiring an additional 9,520 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Apple Hospitality REIT by 26.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,603 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 1,393 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Apple Hospitality REIT by 8.0% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 11,775 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 875 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Apple Hospitality REIT by 15.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 14,100 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 50.87% of the company’s stock.

APLE has been the topic of several recent research reports. BidaskClub lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Robert W. Baird set a $20.00 price target on Apple Hospitality REIT and gave the stock a “buy” rating in a research report on Sunday, October 29th. Canaccord Genuity restated a “hold” rating and set a $19.00 price target (down from $20.00) on shares of Apple Hospitality REIT in a research report on Friday, August 11th. Finally, B. Riley restated a “neutral” rating on shares of Apple Hospitality REIT in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Apple Hospitality REIT presently has a consensus rating of “Hold” and a consensus target price of $19.67.

Shares of Apple Hospitality REIT, Inc. (APLE) opened at $19.43 on Tuesday. Apple Hospitality REIT, Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $20.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $4,342.99, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.60.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Apple Hospitality REIT had a return on equity of 6.46% and a net margin of 18.37%. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $324.66 million. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was up 17.5% on a year-over-year basis. sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.73 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Friday, December 1st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 118.81%.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $19.18 per share, for a total transaction of $95,900.00. Following the acquisition, the insider now owns 10,046,357 shares in the company, valued at approximately $192,689,127.26. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

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Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of September 13, 2017, the Company owned 237 hotels, with more than 30,000 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 33 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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