Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,598 shares of the real estate investment trust’s stock after acquiring an additional 6,277 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Apple Hospitality REIT were worth $715,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of Apple Hospitality REIT during the second quarter valued at $348,000. SG Americas Securities LLC raised its holdings in Apple Hospitality REIT by 100.1% during the 3rd quarter. SG Americas Securities LLC now owns 16,963 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 8,485 shares during the period. GAMMA Investing LLC lifted its stake in Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares in the last quarter. Creative Planning boosted its holdings in shares of Apple Hospitality REIT by 14.1% in the third quarter. Creative Planning now owns 29,059 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 3,580 shares during the period. Finally, Inlet Private Wealth LLC increased its position in shares of Apple Hospitality REIT by 9.5% in the third quarter. Inlet Private Wealth LLC now owns 215,275 shares of the real estate investment trust’s stock worth $3,197,000 after acquiring an additional 18,700 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Apple Hospitality REIT Trading Down 0.0 %

Apple Hospitality REIT stock opened at $15.32 on Wednesday. Apple Hospitality REIT, Inc. has a 12 month low of $13.60 and a 12 month high of $16.99. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.67 billion, a P/E ratio of 18.02 and a beta of 1.13. The company’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $15.08.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.27%. Apple Hospitality REIT’s dividend payout ratio (DPR) is currently 112.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price target for the company. Bank of America upgraded Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.00 to $17.00 in a report on Monday, January 27th. Oppenheimer reiterated an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.60.

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.