Apple Hospitality REIT, Inc. $APLE Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,208,912 shares of the real estate investment trust’s stock after selling 53,790 shares during the period. Systematic Financial Management LP owned 0.94% of Apple Hospitality REIT worth $25,425,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. increased its position in Apple Hospitality REIT by 21.5% during the 1st quarter. Sei Investments Co. now owns 319,178 shares of the real estate investment trust’s stock worth $3,674,000 after purchasing an additional 56,493 shares in the last quarter. Cetera Investment Advisers raised its stake in Apple Hospitality REIT by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 54,066 shares of the real estate investment trust’s stock valued at $622,000 after purchasing an additional 1,568 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Apple Hospitality REIT by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,254,332 shares of the real estate investment trust’s stock valued at $37,458,000 after purchasing an additional 56,555 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Apple Hospitality REIT by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 47,210 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 4,747 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Apple Hospitality REIT by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,069,472 shares of the real estate investment trust’s stock valued at $12,310,000 after purchasing an additional 20,691 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Apple Hospitality REIT from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their target price on shares of Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America raised their target price on shares of Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Cantor Fitzgerald lifted their target price on shares of Apple Hospitality REIT from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.00.

Insider Transactions at Apple Hospitality REIT

In related news, Chairman Glade M. Knight bought 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $13.96 per share, for a total transaction of $69,800.00. Following the completion of the acquisition, the chairman owned 747,191 shares in the company, valued at $10,430,786.36. This trade represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.90% of the company’s stock.

Apple Hospitality REIT Stock Performance

NYSE APLE opened at $16.62 on Friday. The business’s 50-day moving average price is $15.94 and its 200 day moving average price is $13.63. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Apple Hospitality REIT, Inc. has a twelve month low of $10.85 and a twelve month high of $17.13. The company has a market capitalization of $3.92 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 3.32 and a beta of 0.87.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Apple Hospitality REIT had a return on equity of 5.43% and a net margin of 12.08%.The company had revenue of $337.74 million during the quarter, compared to analysts’ expectations of $327.81 million. On average, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 131.51%.

Apple Hospitality REIT Profile

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.