Apple Hospitality REIT, Inc. (NYSE:APLE) Stake Decreased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC decreased its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,618 shares of the real estate investment trust’s stock after selling 3,224 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Apple Hospitality REIT were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. raised its holdings in Apple Hospitality REIT by 32.2% during the fourth quarter. Congress Asset Management Co. now owns 495,091 shares of the real estate investment trust’s stock worth $7,600,000 after purchasing an additional 120,683 shares in the last quarter. Rhumbline Advisers raised its holdings in Apple Hospitality REIT by 1.7% during the fourth quarter. Rhumbline Advisers now owns 716,711 shares of the real estate investment trust’s stock worth $11,001,000 after purchasing an additional 12,143 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Apple Hospitality REIT by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 385,735 shares of the real estate investment trust’s stock worth $5,956,000 after purchasing an additional 4,005 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Apple Hospitality REIT by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 43,180 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 4,001 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Apple Hospitality REIT in the fourth quarter valued at $159,000. Institutional investors own 89.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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 target on the stock. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Monday, January 27th. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Apple Hospitality REIT currently has an average rating of “Moderate Buy” and a consensus price target of $16.60.

Apple Hospitality REIT Trading Down 0.4 %

Shares of NYSE:APLE opened at $15.26 on Monday. The stock has a market capitalization of $3.66 billion, a PE ratio of 17.95 and a beta of 1.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $16.99. The firm has a fifty day moving average price of $15.39 and a 200 day moving average price of $15.09.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Friday, January 31st. Apple Hospitality REIT’s dividend payout ratio is 112.94%.

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.