Woodline Partners LP Invests $5.90 Million in Apple Hospitality REIT, Inc. (NYSE:APLE)

Woodline Partners LP acquired a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 384,207 shares of the real estate investment trust’s stock, valued at approximately $5,898,000. Woodline Partners LP owned about 0.16% of Apple Hospitality REIT as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Apple Hospitality REIT in the 4th quarter valued at about $551,000. Tidal Investments LLC boosted its position in Apple Hospitality REIT by 6.2% in the 4th quarter. Tidal Investments LLC now owns 63,987 shares of the real estate investment trust’s stock valued at $982,000 after buying an additional 3,717 shares during the last quarter. Systematic Financial Management LP boosted its position in Apple Hospitality REIT by 3.0% in the 4th quarter. Systematic Financial Management LP now owns 2,163,458 shares of the real estate investment trust’s stock valued at $33,209,000 after buying an additional 63,581 shares during the last quarter. ProShare Advisors LLC boosted its position in Apple Hospitality REIT by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 68,611 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 21,129 shares during the last quarter. Finally, Man Group plc boosted its position in Apple Hospitality REIT by 94.6% in the 4th quarter. Man Group plc now owns 44,159 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 21,467 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 purchased 12,000 shares of company stock valued at $137,120 in the last quarter. Company insiders own 7.10% of the company’s stock.

Apple Hospitality REIT Trading Down 1.1%

Apple Hospitality REIT stock opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 13.47 and a beta of 1.07. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $16.50. The firm’s 50 day moving average price is $12.02 and its two-hundred day moving average price is $14.16.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The firm had revenue of $327.70 million during the quarter, compared to analyst estimates of $332.86 million. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a may 25 dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.08 per share. This represents a dividend yield of 8.3%. The ex-dividend date is Friday, May 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 121.52%.

Analyst Ratings Changes

A number of research firms have weighed in on APLE. Wells Fargo & Company decreased their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a research report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.80.

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.