TheStreet downgraded shares of Apple Hospitality REIT (NYSE:APLE) from a b rating to a c rating in a report released on Thursday.

APLE has been the subject of several other reports. Barclays initiated coverage on Apple Hospitality REIT in a research note on Wednesday, January 31st. They issued an equal weight rating and a $21.00 price objective for the company. BidaskClub downgraded Apple Hospitality REIT from a hold rating to a sell rating in a research note on Wednesday, November 1st. Zacks Investment Research raised Apple Hospitality REIT from a sell rating to a hold rating in a research note on Tuesday, December 5th. KeyCorp initiated coverage on Apple Hospitality REIT in a research note on Friday, January 12th. They issued a sector weight rating for the company. Finally, Robert W. Baird set a $20.00 price objective on Apple Hospitality REIT and gave the company a buy rating in a research note on Sunday, October 29th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $20.60.

Apple Hospitality REIT (NYSE:APLE) opened at $18.01 on Thursday. Apple Hospitality REIT has a 52 week low of $17.49 and a 52 week high of $20.62. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3,945.95, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.00 and a beta of 0.55.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Friday, February 2nd will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.66%. The ex-dividend date is Thursday, February 1st. Apple Hospitality REIT’s payout ratio is currently 118.81%.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Apple Hospitality REIT by 4.6% in the 4th quarter. BlackRock Inc. now owns 15,059,145 shares of the real estate investment trust’s stock valued at $295,311,000 after buying an additional 656,597 shares in the last quarter. Cohen & Steers Inc. grew its holdings in Apple Hospitality REIT by 7.8% in the 3rd quarter. Cohen & Steers Inc. now owns 6,988,766 shares of the real estate investment trust’s stock valued at $132,158,000 after buying an additional 507,598 shares in the last quarter. State Street Corp grew its holdings in Apple Hospitality REIT by 4.8% in the 2nd quarter. State Street Corp now owns 5,687,869 shares of the real estate investment trust’s stock valued at $106,419,000 after buying an additional 261,327 shares in the last quarter. PGGM Investments purchased a new stake in Apple Hospitality REIT in the 4th quarter valued at $70,988,000. Finally, Dimensional Fund Advisors LP grew its holdings in Apple Hospitality REIT by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,941,920 shares of the real estate investment trust’s stock valued at $55,632,000 after buying an additional 59,310 shares in the last quarter. Institutional investors own 53.28% of the company’s stock.

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About Apple Hospitality REIT

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 December 5, 2017, the Company owned 239 hotels, with more than 30,300 guestrooms, diversified across the Hilton and Marriott families of brands with locations in urban, high-end suburban and developing markets across 34 states.

Analyst Recommendations for Apple Hospitality REIT (NYSE:APLE)

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