Amundi Increases Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Amundi boosted its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 44.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 239,608 shares of the real estate investment trust’s stock after buying an additional 74,182 shares during the quarter. Amundi’s holdings in Apple Hospitality REIT were worth $3,486,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in Apple Hospitality REIT by 3.1% in the fourth quarter. Keybank National Association OH now owns 40,163 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 1,218 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in Apple Hospitality REIT by 4.9% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 27,079 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 1,272 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Apple Hospitality REIT by 14.6% in the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,490 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Apple Hospitality REIT by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,600 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 1,711 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Apple Hospitality REIT by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 2,193 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. BMO Capital Markets began coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Apple Hospitality REIT Trading Up 3.0 %

Apple Hospitality REIT stock opened at $13.55 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. Apple Hospitality REIT, Inc. has a one year low of $13.11 and a one year high of $16.83. The stock has a market capitalization of $3.25 billion, a PE ratio of 15.94 and a beta of 1.12. The business’s fifty day moving average is $14.90 and its 200 day moving average is $15.13.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $333.04 million for the quarter, compared to analysts’ expectations of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 7.09%. Apple Hospitality REIT’s payout ratio is 109.09%.

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.