Tidal Investments LLC Buys 3,944 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Tidal Investments LLC raised its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,270 shares of the real estate investment trust’s stock after buying an additional 3,944 shares during the quarter. Tidal Investments LLC’s holdings in Apple Hospitality REIT were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in shares of Apple Hospitality REIT by 12.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 26,001 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 2,819 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Apple Hospitality REIT by 14.6% in the third quarter. TD Private Client Wealth LLC now owns 11,727 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 1,490 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Apple Hospitality REIT during the third quarter worth about $1,778,000. Geode Capital Management LLC lifted its holdings in shares of Apple Hospitality REIT by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after purchasing an additional 62,149 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after purchasing an additional 229,293 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on APLE shares. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Wells Fargo & Company decreased their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Oppenheimer restated an “outperform” rating and set a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Finally, BMO Capital Markets assumed coverage on Apple Hospitality REIT in a report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT has a consensus rating of “Hold” and an average target price of $16.80.

Apple Hospitality REIT Stock Up 1.8 %

Shares of APLE opened at $15.61 on Friday. The firm’s 50-day simple moving average is $15.58 and its 200 day simple moving average is $14.88. 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 $3.75 billion, a P/E ratio of 18.36 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.30.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same quarter last year, the firm earned $0.45 earnings per share. On average, analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.08 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.15%. Apple Hospitality REIT’s payout ratio is 112.94%.

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, 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.