Hudson Edge Investment Partners Inc. Buys 1,272 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Hudson Edge Investment Partners Inc. increased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,079 shares of the real estate investment trust’s stock after acquiring an additional 1,272 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Apple Hospitality REIT were worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APLE. CIBC Asset Management Inc bought a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $239,000. Principal Financial Group Inc. grew its holdings in Apple Hospitality REIT by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,082,741 shares of the real estate investment trust’s stock worth $16,620,000 after acquiring an additional 26,489 shares during the period. Congress Asset Management Co. grew its holdings in Apple Hospitality REIT by 32.2% during the 4th quarter. Congress Asset Management Co. now owns 495,091 shares of the real estate investment trust’s stock worth $7,600,000 after acquiring an additional 120,683 shares during the period. Rhumbline Advisers boosted its position in shares of Apple Hospitality REIT by 1.7% during the 4th 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. Finally, Asset Management One Co. Ltd. boosted its position in shares of Apple Hospitality REIT by 1.0% during the 4th 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. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Wells Fargo & Company reduced their price objective on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Bank of America upgraded shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They issued an “outperform” rating and a $18.00 price objective for the company. Three 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 has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $14.79 on Friday. Apple Hospitality REIT, Inc. has a 52-week low of $13.60 and a 52-week high of $16.99. 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 company has a market capitalization of $3.55 billion, a P/E ratio of 17.39 and a beta of 1.13. The company has a fifty day moving average of $15.29 and a 200-day moving average of $15.11.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s payout ratio is 112.94%.

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.