Thrivent Financial for Lutherans Sells 11,353 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Thrivent Financial for Lutherans lessened its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,852 shares of the real estate investment trust’s stock after selling 11,353 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Apple Hospitality REIT worth $2,879,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at approximately $26,000. Quarry LP increased its position in shares of Apple Hospitality REIT by 127.5% during the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,290 shares during the last quarter. GAMMA Investing LLC raised its holdings in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares during the period. Headlands Technologies LLC lifted its position in Apple Hospitality REIT by 4,406.5% in the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 5,420 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in Apple Hospitality REIT during the second quarter worth $99,000. Institutional investors own 89.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Wells Fargo & Company reduced their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $16.17 on Wednesday. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90. The business’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $14.70. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.88 billion, a PE ratio of 19.02 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the prior year, the business posted $0.45 EPS. Analysts expect 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 declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is presently 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.