Apple Hospitality REIT, Inc. (NYSE:APLE) Position Decreased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 40.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,700 shares of the real estate investment trust’s stock after selling 31,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Apple Hospitality REIT were worth $873,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Apple Hospitality REIT by 273.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 992,931 shares of the real estate investment trust’s stock worth $19,839,000 after buying an additional 726,727 shares during the period. Renaissance Technologies LLC increased its position in Apple Hospitality REIT by 1,452.8% in the fourth quarter. Renaissance Technologies LLC now owns 358,700 shares of the real estate investment trust’s stock worth $7,167,000 after buying an additional 335,600 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Apple Hospitality REIT by 1.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,277 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 220 shares during the period. Guggenheim Capital LLC increased its position in Apple Hospitality REIT by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 225,887 shares of the real estate investment trust’s stock worth $4,513,000 after buying an additional 3,201 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Apple Hospitality REIT by 11.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 38,600 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 3,900 shares during the period. 47.80% of the stock is owned by institutional investors.

Shares of Apple Hospitality REIT, Inc. (APLE) opened at 18.41 on Wednesday. Apple Hospitality REIT, Inc. has a 1-year low of $17.32 and a 1-year high of $20.68. The company has a 50-day moving average price of $18.95 and a 200-day moving average price of $19.39. The company has a market cap of $4.11 billion, a PE ratio of 25.89 and a beta of 0.61.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Apple Hospitality REIT had a net margin of 13.01% and a return on equity of 4.38%. The company had revenue of $292.90 million for the quarter, compared to analysts’ expectations of $291.05 million. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. Equities research analysts expect that Apple Hospitality REIT, Inc. will post $0.97 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.20 annualized dividend and a yield of 6.52%. Apple Hospitality REIT’s dividend payout ratio is currently 166.67%.

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APLE has been the subject of a number of recent research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $20.00 price target on shares of Apple Hospitality REIT in a research report on Monday, May 8th. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Robert W. Baird reiterated an “outperform” rating and set a $21.00 price objective on shares of Apple Hospitality REIT in a research note on Tuesday, July 4th. BidaskClub cut Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, FBR & Co reiterated a “hold” rating on shares of Apple Hospitality REIT in a research note on Saturday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.40.

In other Apple Hospitality REIT news, insider Glade M. Knight acquired 3,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were acquired at an average price of $18.51 per share, with a total value of $55,530.00. Following the completion of the transaction, the insider now owns 10,015,957 shares in the company, valued at $185,395,364.07. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Glade M. Knight acquired 5,400 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was acquired at an average cost of $18.99 per share, for a total transaction of $102,546.00. Following the transaction, the insider now owns 10,021,357 shares of the company’s stock, valued at approximately $190,305,569.43. The disclosure for this purchase can be found here. In the last three months, insiders acquired 13,800 shares of company stock worth $258,732. Insiders own 6.40% of the company’s stock.

Apple Hospitality REIT Company Profile

Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.

Institutional Ownership by Quarter for Apple Hospitality REIT (NYSE:APLE)

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