Swiss National Bank Cuts Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Swiss National Bank reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,410 shares of the real estate investment trust’s stock after selling 3,300 shares during the quarter. Swiss National Bank owned about 0.19% of Apple Hospitality REIT worth $6,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Walleye Trading LLC purchased a new position in Apple Hospitality REIT in the first quarter worth $168,000. EMC Capital Management boosted its holdings in shares of Apple Hospitality REIT by 196.3% in the 1st quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 15,901 shares in the last quarter. Burney Co. bought a new position in shares of Apple Hospitality REIT during the 1st quarter valued at about $565,000. Aurora Investment Counsel raised its holdings in shares of Apple Hospitality REIT by 4.5% during the 1st quarter. Aurora Investment Counsel now owns 26,799 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 1,156 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Apple Hospitality REIT by 51.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 38,414 shares of the real estate investment trust’s stock worth $629,000 after buying an additional 13,000 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on APLE. Wells Fargo & Company decreased their price target on shares of 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. Oppenheimer reiterated an “outperform” rating and issued a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Stock Down 0.9 %

Shares of NYSE APLE opened at $16.17 on Wednesday. The firm’s fifty day moving average is $15.20 and its 200 day moving average is $14.70. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 19.02 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data 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 firm had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, equities research analysts expect 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, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s payout ratio is 112.94%.

Apple Hospitality REIT 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.