Knights of Columbus Asset Advisors LLC Grows Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Knights of Columbus Asset Advisors LLC boosted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 94.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 310,624 shares of the real estate investment trust’s stock after purchasing an additional 150,965 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Apple Hospitality REIT were worth $5,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APLE. Acadian Asset Management LLC acquired a new stake in shares of Apple Hospitality REIT during the first quarter worth $25,000. Advisory Services Network LLC lifted its stake in shares of Apple Hospitality REIT by 255.5% in the 1st quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,500 shares during the period. Quantbot Technologies LP purchased a new stake in Apple Hospitality REIT in the 3rd quarter valued at approximately $72,000. Captrust Financial Advisors purchased a new stake in shares of Apple Hospitality REIT in the second quarter valued at approximately $84,000. Finally, Ronald Blue Trust Inc. boosted its position in shares of Apple Hospitality REIT by 289.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 6,193 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 4,602 shares in the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APLE shares. Bank of America cut Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $18.00 in a report on Monday, January 8th. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Finally, Wells Fargo & Company lifted their price target on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apple Hospitality REIT has an average rating of “Hold” and an average price target of $18.40.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $15.15 on Friday. The business has a fifty day moving average of $16.14 and a 200-day moving average of $16.25. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45. Apple Hospitality REIT, Inc. has a fifty-two week low of $14.22 and a fifty-two week high of $17.90. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 19.42 and a beta of 1.08.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.34%. 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.