Private Advisor Group LLC Has $334,000 Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Private Advisor Group LLC lessened its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 71.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,121 shares of the real estate investment trust’s stock after selling 51,203 shares during the period. Private Advisor Group LLC’s holdings in Apple Hospitality REIT were worth $334,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APLE. Blue Trust Inc. boosted its position in Apple Hospitality REIT by 11.9% during the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 734 shares during the period. Arizona State Retirement System boosted its holdings in shares of Apple Hospitality REIT by 1.2% during the 3rd quarter. Arizona State Retirement System now owns 61,947 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 749 shares during the period. abrdn plc grew its stake in Apple Hospitality REIT by 2.3% in the 3rd quarter. abrdn plc now owns 45,164 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 1,004 shares during the last quarter. Van ECK Associates Corp raised its holdings in Apple Hospitality REIT by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 25,254 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 1,046 shares during the period. Finally, CIC Wealth LLC lifted its position in Apple Hospitality REIT by 7.0% during the fourth quarter. CIC Wealth LLC now owns 16,730 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 1,100 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Price Performance

Shares of NYSE APLE opened at $14.56 on Thursday. The business has a fifty day moving average price of $15.51 and a two-hundred day moving average price of $16.14. The stock has a market capitalization of $3.53 billion, a PE ratio of 16.93 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. Apple Hospitality REIT, Inc. has a fifty-two week low of $14.22 and a fifty-two week high of $17.90.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a return on equity of 6.11% and a net margin of 14.58%. The firm had revenue of $329.51 million for the quarter, compared to the consensus estimate of $324.68 million. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities analysts predict that Apple Hospitality REIT, Inc. will post 1.64 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 Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.59%. Apple Hospitality REIT’s dividend payout ratio (DPR) is 111.63%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.40.

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.