Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,123 shares of the real estate investment trust’s stock after purchasing an additional 67,896 shares during the period. Deutsche Bank AG owned about 0.16% of Apple Hospitality REIT worth $6,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Apple Hospitality REIT by 27.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust’s stock worth $126,472,000 after purchasing an additional 1,761,996 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Apple Hospitality REIT by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,767,740 shares of the real estate investment trust’s stock worth $103,885,000 after buying an additional 29,781 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Apple Hospitality REIT by 3.0% in the fourth 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 acquiring an additional 133,505 shares in the last quarter. Northern Trust Corp boosted its stake in Apple Hospitality REIT by 6.9% during the 4th quarter. Northern Trust Corp now owns 3,259,501 shares of the real estate investment trust’s stock valued at $50,033,000 after acquiring an additional 209,698 shares during the last quarter. Finally, Norges Bank acquired a new position in Apple Hospitality REIT during the 4th quarter worth $21,099,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 10,000 shares of Apple Hospitality REIT stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $11.43 per share, with a total value of $114,300.00. Following the purchase, the chairman now owns 700,344 shares in the company, valued at approximately $8,004,931.92. This trade represents a 1.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 12,000 shares of company stock worth $137,120 in the last 90 days. 7.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APLE shares. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a report on Monday, January 27th. Wells Fargo & Company cut their target price on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note 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. According to MarketBeat, Apple Hospitality REIT has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Apple Hospitality REIT Trading Up 1.6%

NYSE APLE opened at $12.21 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50. The firm’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $14.26. The company has a market capitalization of $2.90 billion, a PE ratio of 14.36 and a beta of 1.07.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $327.70 million during the quarter, compared to the consensus estimate of $332.86 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.87%. The ex-dividend date of this dividend was Wednesday, April 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 121.52%.

Apple Hospitality REIT 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.