Natixis Advisors LLC Invests $266,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

Natixis Advisors LLC purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 17,320 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Apple Hospitality REIT by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust’s stock worth $103,885,000 after acquiring an additional 29,781 shares during the period. Geode Capital Management LLC lifted its position in Apple Hospitality REIT by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after purchasing an additional 62,149 shares during the period. JPMorgan Chase & Co. lifted its position in Apple Hospitality REIT by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock valued at $77,867,000 after purchasing an additional 18,858 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Apple Hospitality REIT by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock valued at $70,465,000 after purchasing an additional 133,505 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in Apple Hospitality REIT by 11.0% during the 3rd quarter. Systematic Financial Management LP now owns 2,099,877 shares of the real estate investment trust’s stock worth $31,183,000 after purchasing an additional 207,256 shares during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on APLE shares. Bank of America raised 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. Wells Fargo & Company reduced their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $12.86 on Friday. The business has a 50 day moving average price of $14.61 and a 200 day moving average price of $15.06. 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 company has a market capitalization of $3.08 billion, a P/E ratio of 15.12 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 1-year low of $12.76 and a 1-year high of $16.51.

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

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Monday, March 31st. Apple Hospitality REIT’s payout ratio is currently 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.