Advisors Preferred LLC Invests $4.65 Million in Apple Hospitality REIT, Inc. (NYSE:APLE)

Advisors Preferred LLC acquired a new position in Apple Hospitality REIT, Inc. (NYSE:APLE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 307,190 shares of the real estate investment trust’s stock, valued at approximately $4,651,000. Advisors Preferred LLC owned about 0.13% of Apple Hospitality REIT at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APLE. Charles Schwab Investment Management Inc. lifted its stake in shares of Apple Hospitality REIT by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after acquiring an additional 182,917 shares during the last quarter. Centiva Capital LP purchased a new stake in Apple Hospitality REIT in the 3rd quarter valued at about $1,067,000. Barclays PLC increased its position in shares of Apple Hospitality REIT by 118.8% during the third quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock worth $6,273,000 after acquiring an additional 229,293 shares during the period. Sound Income Strategies LLC grew its stake in Apple Hospitality REIT by 14.9% in the third quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust’s stock worth $12,156,000 after purchasing an additional 105,993 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in Apple Hospitality REIT by 29.6% during the 3rd quarter. Foundry Partners LLC now owns 474,672 shares of the real estate investment trust’s stock worth $7,049,000 after purchasing an additional 108,523 shares during the period. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APLE has been the subject of several research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $17.00 in a report on Monday, January 27th. BMO Capital Markets started coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.60.

Apple Hospitality REIT Trading Down 1.3 %

NYSE APLE opened at $15.65 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 18.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The firm’s 50-day moving average is $15.48 and its two-hundred day moving average is $15.07. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $16.99.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is 112.94%.

About Apple Hospitality REIT

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.