Geode Capital Management LLC increased its stake in shares of Apple Hospitality REIT Inc. (NYSE:APLE) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,279,417 shares of the company’s stock after buying an additional 58,631 shares during the period. Geode Capital Management LLC owned 0.73% of Apple Hospitality REIT worth $25,345,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of APLE. Vanguard Group Inc. boosted its position in shares of Apple Hospitality REIT by 120.5% in the fourth quarter. Vanguard Group Inc. now owns 23,393,763 shares of the company’s stock worth $467,173,000 after buying an additional 12,782,782 shares during the last quarter. Norges Bank acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth approximately $17,128,000. Schwab Charles Investment Management Inc. boosted its position in shares of Apple Hospitality REIT by 200.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 841,962 shares of the company’s stock worth $16,814,000 after buying an additional 561,405 shares during the last quarter. Swiss National Bank acquired a new position in shares of Apple Hospitality REIT during the fourth quarter worth approximately $4,205,000. Finally, First Trust Advisors LP boosted its position in shares of Apple Hospitality REIT by 353.8% in the fourth quarter. First Trust Advisors LP now owns 263,068 shares of the company’s stock worth $5,253,000 after buying an additional 205,094 shares during the last quarter.
Shares of Apple Hospitality REIT Inc. (NYSE:APLE) traded up 1.28% on Thursday, reaching $20.59. 2,282,090 shares of the company’s stock traded hands. The firm has a market capitalization of $3.60 billion and a P/E ratio of 33.75. The firm’s 50 day moving average is $19.07 and its 200 day moving average is $19.03. Apple Hospitality REIT Inc. has a 52 week low of $13.82 and a 52 week high of $20.97.
The firm also recently announced a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.20 annualized dividend and a yield of 5.83%.
A number of brokerages recently commented on APLE. FBR & Co reiterated a “hold” rating on shares of Apple Hospitality REIT in a research report on Sunday, April 17th. Zacks Investment Research lowered shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, April 25th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Apple Hospitality REIT in a report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.17.
Apple Hospitality REIT, Inc is a self-advised real estate investment trust (REIT) that invests in income-producing real estate, primarily in the lodging sector, in the United States. The Company owns hotel properties throughout the United States. The Company owns approximately 180 hotels operating in over 30 states with an aggregate of approximately 22,960 rooms.
