Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 202.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,761 shares of the real estate investment trust’s stock after purchasing an additional 9,207 shares during the quarter. US Bancorp DE’s holdings in Apple Hospitality REIT were worth $178,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in shares of Apple Hospitality REIT by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 23,850 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 755 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Apple Hospitality REIT by 0.5% in the 1st quarter. Isthmus Partners LLC now owns 200,823 shares of the real estate investment trust’s stock worth $2,593,000 after acquiring an additional 919 shares during the period. Xponance Inc. lifted its stake in shares of Apple Hospitality REIT by 6.4% in the first quarter. Xponance Inc. now owns 17,385 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,044 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Apple Hospitality REIT by 6.2% in the first quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 1,100 shares during the period. Finally, PFG Investments LLC raised its position in Apple Hospitality REIT by 9.2% during the first quarter. PFG Investments LLC now owns 13,216 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,115 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Apple Hospitality REIT Price Performance

Apple Hospitality REIT stock opened at $12.17 on Friday. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The firm has a 50 day moving average price of $12.00 and a 200 day moving average price of $12.65. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 16.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $384.37 million during the quarter, compared to the consensus estimate of $381.37 million. Apple Hospitality REIT had a net margin of 12.71% and a return on equity of 5.58%. Sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The business also recently disclosed a jul 25 dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.08 per share. This represents a yield of 770.0%. The ex-dividend date was Thursday, July 31st. Apple Hospitality REIT’s dividend payout ratio is 128.00%.

Analyst Ratings Changes

Separately, BMO Capital Markets cut Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $14.00 to $12.00 in a report on Monday, June 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.75.

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.