TD Private Client Wealth LLC Grows Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

TD Private Client Wealth LLC grew its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.6% in the third quarter, Holdings Channel reports. The firm owned 11,727 shares of the real estate investment trust’s stock after purchasing an additional 1,490 shares during the period. TD Private Client Wealth LLC’s holdings in Apple Hospitality REIT were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Apple Hospitality REIT by 17.2% during the 2nd quarter. Victory Capital Management Inc. now owns 6,019,115 shares of the real estate investment trust’s stock worth $87,518,000 after acquiring an additional 881,217 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Apple Hospitality REIT by 400.8% during the 2nd quarter. Edgestream Partners L.P. now owns 638,625 shares of the real estate investment trust’s stock worth $9,286,000 after acquiring an additional 511,100 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Apple Hospitality REIT by 911.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 388,414 shares of the real estate investment trust’s stock worth $5,648,000 after acquiring an additional 350,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Apple Hospitality REIT by 3,768.4% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 348,156 shares of the real estate investment trust’s stock worth $5,062,000 after acquiring an additional 339,156 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of Apple Hospitality REIT during the 3rd quarter worth $4,285,000. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, September 13th. Oppenheimer reissued an “outperform” rating and issued a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT has an average rating of “Hold” and a consensus target price of $16.80.

Apple Hospitality REIT Stock Performance

Apple Hospitality REIT stock opened at $16.05 on Monday. 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 company has a market capitalization of $3.85 billion, a PE ratio of 18.88 and a beta of 1.13. The firm has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $14.85. Apple Hospitality REIT, Inc. has a twelve month low of $13.60 and a twelve month high of $17.90.

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

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s payout ratio is 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.