Inspire Advisors LLC Boosts Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Inspire Advisors LLC raised its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,502 shares of the real estate investment trust’s stock after acquiring an additional 1,137 shares during the period. Inspire Advisors LLC’s holdings in Apple Hospitality REIT were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Apple Hospitality REIT by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 4,905 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 2,193 shares during the period. Covestor Ltd boosted its position in shares of Apple Hospitality REIT by 30.0% in the third quarter. Covestor Ltd now owns 7,932 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 1,831 shares during the period. KBC Group NV boosted its position in shares of Apple Hospitality REIT by 37.8% in the fourth quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,541 shares during the period. Entropy Technologies LP bought a new position in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $159,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $167,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

APLE has been the subject of a number of analyst reports. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research report on Monday, January 27th. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. BMO Capital Markets initiated coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Trading Down 0.3 %

Shares of Apple Hospitality REIT stock opened at $13.66 on Thursday. Apple Hospitality REIT, Inc. has a 1 year low of $13.46 and a 1 year high of $16.84. The firm has a market cap of $3.27 billion, a PE ratio of 16.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. The company has a 50 day simple moving average of $15.01 and a two-hundred day simple moving average of $15.15.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $333.04 million for the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. Analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.03%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 109.09%.

Apple Hospitality REIT 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.