Fort Washington Investment Advisors Inc. OH Reduces Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 917,040 shares of the real estate investment trust’s stock after selling 3,620 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.38% of Apple Hospitality REIT worth $11,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Apple Hospitality REIT by 27.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust’s stock worth $126,472,000 after buying an additional 1,761,996 shares during the last quarter. Norges Bank acquired a new stake in shares of Apple Hospitality REIT in the fourth quarter valued at approximately $21,099,000. ExodusPoint Capital Management LP grew its position in shares of Apple Hospitality REIT by 126.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 899,842 shares of the real estate investment trust’s stock worth $13,813,000 after acquiring an additional 503,114 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Apple Hospitality REIT during the fourth quarter worth approximately $5,898,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Apple Hospitality REIT in the 4th quarter valued at $5,451,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets downgraded shares of Apple Hospitality REIT from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $14.00 to $12.00 in a research report on Monday. Wells Fargo & Company decreased their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Apple Hospitality REIT has an average rating of “Hold” and a consensus price target of $15.75.

Apple Hospitality REIT Trading Down 0.3%

Shares of APLE stock opened at $11.61 on Friday. The business’s fifty day moving average price is $11.71 and its 200 day moving average price is $13.76. The firm has a market capitalization of $2.76 billion, a PE ratio of 13.66 and a beta of 1.04. 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, Inc. has a 1-year low of $10.44 and a 1-year high of $16.50.

Apple Hospitality REIT (NYSE:APLE) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The company had revenue of $327.70 million for the quarter, compared to analyst estimates of $332.86 million. As a group, sell-side analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.08 per share. This represents a dividend yield of 8.3%. The ex-dividend date is Friday, May 30th. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 121.52%.

Insider Buying and Selling

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $11.43 per share, with a total value of $114,300.00. Following the purchase, the chairman now directly owns 700,344 shares in the company, valued at approximately $8,004,931.92. This trade represents a 1.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 12,000 shares of company stock worth $137,120 in the last three months. Corporate insiders own 7.10% of the company’s stock.

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.