Victory Capital Management Inc. Has $100.06 Million Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Victory Capital Management Inc. raised its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,737,959 shares of the real estate investment trust’s stock after purchasing an additional 718,844 shares during the quarter. Victory Capital Management Inc. owned 2.78% of Apple Hospitality REIT worth $100,059,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in APLE. Vanguard Group Inc. lifted its position in Apple Hospitality REIT by 3.5% in the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock worth $582,400,000 after purchasing an additional 1,217,142 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Apple Hospitality REIT by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,398,673 shares of the real estate investment trust’s stock worth $121,192,000 after acquiring an additional 253,082 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Apple Hospitality REIT by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock valued at $49,072,000 after acquiring an additional 154,159 shares in the last quarter. LSV Asset Management raised its position in Apple Hospitality REIT by 2.1% in the second quarter. LSV Asset Management now owns 2,572,043 shares of the real estate investment trust’s stock worth $37,398,000 after purchasing an additional 53,300 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Apple Hospitality REIT by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,952,818 shares of the real estate investment trust’s stock worth $28,394,000 after purchasing an additional 85,733 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

APLE has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, 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 research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT presently has an average rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Stock Down 0.1 %

NYSE APLE opened at $15.89 on Thursday. The stock’s 50 day simple moving average is $14.94 and its 200 day simple moving average is $14.65. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $17.90. The firm has a market cap of $3.81 billion, a PE ratio of 18.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04.

Apple Hospitality REIT (NYSE:APLE) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Thursday, October 31st. Apple Hospitality REIT’s payout ratio is presently 112.94%.

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.