FORA Capital LLC Makes New Investment in Apple Hospitality REIT, Inc. (NYSE:APLE)

FORA Capital LLC purchased a new position in Apple Hospitality REIT, Inc. (NYSE:APLE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 38,475 shares of the real estate investment trust’s stock, valued at approximately $571,000.

Other hedge funds also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in Apple Hospitality REIT in the 2nd quarter worth about $26,000. Quarry LP increased its position in Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,290 shares during the period. GAMMA Investing LLC boosted its position in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 780 shares during the period. Headlands Technologies LLC increased its holdings in shares of Apple Hospitality REIT by 4,406.5% during the second quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 5,420 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in shares of Apple Hospitality REIT during the second quarter valued at about $99,000. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APLE has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on 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. Oppenheimer reiterated an “outperform” rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Stock Up 0.2 %

Shares of Apple Hospitality REIT stock opened at $16.20 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $17.90. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $14.72. The company has a market cap of $3.89 billion, a P/E ratio of 19.06 and a beta of 1.11.

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

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Apple Hospitality REIT Company 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.