Systematic Financial Management LP Grows Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Systematic Financial Management LP grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,892,621 shares of the real estate investment trust’s stock after acquiring an additional 1,784 shares during the period. Systematic Financial Management LP’s holdings in Apple Hospitality REIT were worth $27,519,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APLE. EdgeRock Capital LLC purchased a new position in Apple Hospitality REIT in the second quarter worth about $26,000. YHB Investment Advisors Inc. purchased a new position in shares of Apple Hospitality REIT in the 1st quarter worth approximately $37,000. Fortis Group Advisors LLC increased its position in shares of Apple Hospitality REIT by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,986 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,493 shares during the last quarter. Covestor Ltd raised its holdings in Apple Hospitality REIT by 115.6% during the 1st quarter. Covestor Ltd now owns 4,314 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,313 shares during the period. Finally, 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. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Chairman Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $14.04 per share, with a total value of $70,200.00. Following the transaction, the chairman now directly owns 636,990 shares in the company, valued at approximately $8,943,339.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is owned by insiders.

Apple Hospitality REIT Stock Up 0.3 %

NYSE:APLE opened at $15.14 on Friday. 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 twelve month low of $13.60 and a twelve month high of $17.90. 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 stock has a fifty day simple moving average of $14.45 and a 200-day simple moving average of $14.83.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The company had revenue of $390.08 million for the quarter, compared to the consensus estimate of $388.82 million. Apple Hospitality REIT had a net margin of 14.91% and a return on equity of 6.30%. During the same quarter in the previous year, the business earned $0.49 EPS. Analysts anticipate that Apple Hospitality REIT, Inc. will post 1.61 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

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

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.