Fmr LLC Sells 1,940,998 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Fmr LLC decreased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 98.6% in the 3rd quarter, Holdings Channel reports. The fund owned 27,003 shares of the real estate investment trust’s stock after selling 1,940,998 shares during the period. Fmr LLC’s holdings in Apple Hospitality REIT were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Masterton Capital Management LP acquired a new stake in shares of Apple Hospitality REIT during the 2nd quarter valued at $3,378,000. Dimensional Fund Advisors LP grew its holdings in shares of Apple Hospitality REIT by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after purchasing an additional 154,159 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple Hospitality REIT by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after purchasing an additional 182,917 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Apple Hospitality REIT by 14.9% in the third quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust’s stock valued at $12,156,000 after buying an additional 105,993 shares during the period. Finally, Aurora Investment Counsel raised its holdings in Apple Hospitality REIT by 182.9% in the 2nd quarter. Aurora Investment Counsel now owns 75,802 shares of the real estate investment trust’s stock valued at $1,102,000 after buying an additional 49,003 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Up 0.6 %

APLE opened at $15.34 on Friday. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $17.30. The company has a fifty day moving average of $15.57 and a 200-day moving average of $14.88. The stock has a market cap of $3.68 billion, a PE ratio of 18.05 and a beta of 1.13. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The firm had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same period last year, the company posted $0.45 EPS. On average, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 6.26%. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in 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 on the stock in a report on Friday, September 13th. Oppenheimer reissued an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.80.

About Apple Hospitality REIT

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.