Dakota Wealth Management Trims Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Dakota Wealth Management reduced its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,169 shares of the real estate investment trust’s stock after selling 42,270 shares during the period. Dakota Wealth Management owned 0.08% of Apple Hospitality REIT worth $3,042,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APLE. GAMMA Investing LLC lifted its position in shares of Apple Hospitality REIT by 40.4% in the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 780 shares in the last quarter. Amalgamated Bank lifted its holdings in Apple Hospitality REIT by 1.2% in the 2nd quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock worth $996,000 after purchasing an additional 813 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in Apple Hospitality REIT by 6.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 921 shares during the period. Ellis Investment Partners LLC grew its holdings in Apple Hospitality REIT by 4.6% during the 3rd quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 948 shares in the last quarter. Finally, Inspire Advisors LLC raised its position in shares of Apple Hospitality REIT by 8.2% during the third quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 1,008 shares during the last quarter. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Price Performance

APLE opened at $15.19 on Thursday. The firm has a market capitalization of $3.64 billion, a PE ratio of 17.86 and a beta of 1.13. 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 business’s 50-day moving average is $15.56 and its two-hundred day moving average is $15.01. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $16.99.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The business had revenue of $378.84 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.45 EPS. Research analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Friday, January 31st. Apple Hospitality REIT’s 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.