Yousif Capital Management LLC Has $1.80 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Yousif Capital Management LLC grew its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 108,256 shares of the real estate investment trust’s stock after purchasing an additional 2,211 shares during the period. Yousif Capital Management LLC’s holdings in Apple Hospitality REIT were worth $1,798,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in Apple Hospitality REIT in the fourth quarter valued at about $41,000. Quantbot Technologies LP bought a new stake in Apple Hospitality REIT in the third quarter valued at about $72,000. Blue Trust Inc. increased its stake 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 acquiring an additional 734 shares during the period. Shelton Capital Management bought a new stake in Apple Hospitality REIT in the third quarter valued at about $159,000. Finally, Quadrature Capital Ltd bought a new stake in Apple Hospitality REIT in the third quarter valued at about $163,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

Shares of Apple Hospitality REIT stock opened at $14.85 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 19.03 and a beta of 1.08. Apple Hospitality REIT, Inc. has a 1-year low of $14.22 and a 1-year high of $17.90. The firm’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $16.25.

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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.96 annualized dividend and a yield of 6.47%. Apple Hospitality REIT’s dividend payout ratio is 123.08%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APLE. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Monday, January 8th. StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Apple Hospitality REIT presently has an average rating of “Hold” and an average target price of $18.40.

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.