Susquehanna Portfolio Strategies LLC Has $5.49 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Susquehanna Portfolio Strategies LLC reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 377,270 shares of the real estate investment trust’s stock after selling 69,514 shares during the period. Susquehanna Portfolio Strategies LLC owned 0.16% of Apple Hospitality REIT worth $5,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Apple Hospitality REIT by 3.5% in the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock valued at $582,400,000 after purchasing an additional 1,217,142 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Apple Hospitality REIT by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,398,673 shares of the real estate investment trust’s stock valued at $121,192,000 after purchasing an additional 253,082 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Apple Hospitality REIT by 3.5% in the first quarter. Principal Financial Group Inc. now owns 7,298,700 shares of the real estate investment trust’s stock valued at $119,553,000 after acquiring an additional 247,110 shares during the period. Victory Capital Management Inc. boosted its position in shares of Apple Hospitality REIT by 17.2% in the second quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust’s stock valued at $87,518,000 after acquiring an additional 881,217 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Apple Hospitality REIT by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock valued at $49,072,000 after acquiring an additional 154,159 shares during the period. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $14.04 per share, for a total transaction of $70,200.00. Following the acquisition, the chairman now owns 636,990 shares of the company’s stock, valued at $8,943,339.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is currently owned by insiders.

Apple Hospitality REIT Stock Up 0.3 %

Shares of NYSE APLE opened at $15.14 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 17.60 and a beta of 1.12. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $17.90. The stock has a 50-day moving average price of $14.45 and a two-hundred day moving average price of $14.85.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.13). Apple Hospitality REIT had a return on equity of 6.30% and a net margin of 14.91%. The business had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. During the same period in the previous year, the firm posted $0.49 EPS. As a group, analysts forecast that Apple Hospitality REIT, Inc. will post 1.61 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.34%. The ex-dividend date of this dividend is Monday, September 30th. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Wedbush assumed coverage on shares of Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 price objective for the company. Finally, Oppenheimer cut their price objective on shares of Apple Hospitality REIT from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.25.

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.