Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,756 shares of the real estate investment trust’s stock after selling 5,652 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Apple Hospitality REIT worth $2,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APLE. Mackenzie Financial Corp raised its stake in Apple Hospitality REIT by 1.3% during the 4th quarter. Mackenzie Financial Corp now owns 517,350 shares of the real estate investment trust’s stock worth $8,593,000 after acquiring an additional 6,839 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Apple Hospitality REIT by 8.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 250,566 shares of the real estate investment trust’s stock worth $4,162,000 after purchasing an additional 19,309 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Apple Hospitality REIT in the 4th quarter valued at about $1,769,000. Cerity Partners LLC boosted its position in shares of Apple Hospitality REIT by 24.9% in the 4th quarter. Cerity Partners LLC now owns 12,588 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 2,510 shares during the period. Finally, Custom Index Systems LLC purchased a new position in Apple Hospitality REIT during the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Up 0.3 %

APLE opened at $15.46 on Wednesday. Apple Hospitality REIT, Inc. has a 12 month low of $14.22 and a 12 month high of $17.90. The business has a 50-day moving average of $16.13 and a two-hundred day moving average of $16.28. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 19.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend is Monday, April 29th. Apple Hospitality REIT’s payout ratio is currently 123.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Bank of America downgraded shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $18.00 in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT currently has a consensus rating of “Hold” and a consensus price target of $18.40.

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.