California State Teachers Retirement System Has $5.59 Million Stake in Apple Hospitality REIT Inc (NYSE:APLE)

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California State Teachers Retirement System lowered its stake in shares of Apple Hospitality REIT Inc (NYSE:APLE) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 342,694 shares of the real estate investment trust’s stock after selling 7,982 shares during the quarter. California State Teachers Retirement System’s holdings in Apple Hospitality REIT were worth $5,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in Apple Hospitality REIT by 6.1% during the 1st quarter. Cetera Investment Advisers now owns 11,356 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 657 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Apple Hospitality REIT by 2.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,855 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 718 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Apple Hospitality REIT by 0.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 138,100 shares of the real estate investment trust’s stock worth $1,969,000 after buying an additional 1,100 shares during the period. Arrow Investment Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 4.4% in the 1st quarter. Arrow Investment Advisors LLC now owns 26,337 shares of the real estate investment trust’s stock worth $429,000 after buying an additional 1,121 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Apple Hospitality REIT by 3.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 35,400 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 1,300 shares during the period. Institutional investors own 57.36% of the company’s stock.

Shares of APLE stock opened at $15.92 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.89 and a beta of 0.84. Apple Hospitality REIT Inc has a twelve month low of $13.81 and a twelve month high of $18.84.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The company had revenue of $303.79 million for the quarter, compared to analysts’ expectations of $303.62 million. Apple Hospitality REIT had a return on equity of 5.82% and a net margin of 15.84%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. As a group, equities analysts forecast that Apple Hospitality REIT Inc will post 1.65 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Friday, May 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 69.77%.

Several brokerages have weighed in on APLE. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. Finally, B. Riley reiterated a “buy” rating on shares of Apple Hospitality REIT in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.00.

In related news, Chairman Glade M. Knight acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of $16.42 per share, for a total transaction of $82,100.00. Following the purchase, the chairman now directly owns 10,128,812 shares of the company’s stock, valued at approximately $166,315,093.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.50% of the company’s stock.

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About Apple Hospitality REIT

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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,800 guest rooms located in 88 markets throughout 34 states.

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Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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