50,000 Shares in Apple Hospitality REIT, Inc. $APLE Bought by Pensionfund PDN

Pensionfund PDN purchased a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the real estate investment trust’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of APLE. Strs Ohio increased its stake in Apple Hospitality REIT by 18.1% in the third quarter. Strs Ohio now owns 979,334 shares of the real estate investment trust’s stock valued at $11,762,000 after acquiring an additional 150,000 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Apple Hospitality REIT by 285.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,350,787 shares of the real estate investment trust’s stock worth $15,764,000 after purchasing an additional 1,000,214 shares in the last quarter. Centerbridge Partners L.P. lifted its stake in Apple Hospitality REIT by 18.4% during the third quarter. Centerbridge Partners L.P. now owns 2,247,785 shares of the real estate investment trust’s stock worth $26,996,000 after purchasing an additional 350,000 shares during the period. Caxton Associates LLP acquired a new stake in Apple Hospitality REIT during the second quarter valued at approximately $1,794,000. Finally, Peregrine Capital Management LLC acquired a new stake in Apple Hospitality REIT during the third quarter valued at approximately $5,129,000. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays started coverage on Apple Hospitality REIT in a report on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Friday, December 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $14.00 price objective on shares of Apple Hospitality REIT in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.92.

Apple Hospitality REIT Stock Up 2.7%

Shares of APLE opened at $11.91 on Tuesday. The company has a market capitalization of $2.81 billion, a P/E ratio of 16.09 and a beta of 0.81. Apple Hospitality REIT, Inc. has a one year low of $10.44 and a one year high of $13.55. The business’s 50 day simple moving average is $12.13 and its 200-day simple moving average is $11.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.40 and a quick ratio of 0.40.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.16). Apple Hospitality REIT had a net margin of 12.42% and a return on equity of 5.50%. The business had revenue of $326.44 million for the quarter, compared to analyst estimates of $322.60 million. As a group, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.08 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 129.73%.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.