EdgeRock Capital LLC Invests $27,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

EdgeRock Capital LLC acquired a new position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,661 shares of the real estate investment trust’s stock, valued at approximately $27,000.

A number of other large investors have also modified their holdings of APLE. GAMMA Investing LLC purchased a new stake in shares of Apple Hospitality REIT during the fourth quarter worth $41,000. Quantbot Technologies LP purchased a new position in Apple Hospitality REIT in the third quarter valued at $72,000. Blue Trust Inc. increased its holdings in Apple Hospitality REIT by 11.9% in the fourth quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 734 shares during the last quarter. Shelton Capital Management purchased a new position in Apple Hospitality REIT in the third quarter valued at $159,000. Finally, Quadrature Capital Ltd purchased a new position in Apple Hospitality REIT in the third quarter valued at $163,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Apple Hospitality REIT has a consensus rating of “Hold” and an average price target of $18.40.

Apple Hospitality REIT Stock Performance

Shares of APLE stock traded down $0.16 during mid-day trading on Wednesday, hitting $14.70. 1,817,627 shares of the stock were exchanged, compared to its average volume of 1,891,698. The stock’s fifty day simple moving average is $15.87 and its two-hundred day simple moving average is $16.21. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 17.09 and a beta of 1.10. Apple Hospitality REIT, Inc. has a 12-month low of $14.22 and a 12-month high of $17.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.36.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $329.51 million for the quarter, compared to analysts’ expectations of $324.68 million. Apple Hospitality REIT had a return on equity of 5.54% and a net margin of 13.21%. During the same period in the previous year, the business posted $0.34 EPS. On average, analysts forecast that Apple Hospitality REIT, Inc. will post 1.65 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Monday, April 29th. Apple Hospitality REIT’s payout ratio is 111.63%.

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.