Foundry Partners LLC Decreases Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

Foundry Partners LLC reduced its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,551 shares of the real estate investment trust’s stock after selling 1,562 shares during the period. Foundry Partners LLC’s holdings in Apple Hospitality REIT were worth $5,191,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of APLE. Public Sector Pension Investment Board purchased a new position in shares of Apple Hospitality REIT during the third quarter valued at approximately $4,034,000. Vanguard Group Inc. increased its stake in shares of Apple Hospitality REIT by 7.5% during the third quarter. Vanguard Group Inc. now owns 35,369,907 shares of the real estate investment trust’s stock valued at $542,574,000 after buying an additional 2,476,241 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Apple Hospitality REIT by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 310,624 shares of the real estate investment trust’s stock valued at $5,159,000 after purchasing an additional 150,965 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Apple Hospitality REIT by 17.5% during the third quarter. Ameriprise Financial Inc. now owns 3,375,459 shares of the real estate investment trust’s stock valued at $51,746,000 after purchasing an additional 502,472 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Apple Hospitality REIT during the third quarter valued at approximately $2,182,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APLE. StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Bank of America cut Apple Hospitality REIT from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $18.00 in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued 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 $18.40.

Apple Hospitality REIT Price Performance

Shares of NYSE APLE traded up $0.10 during mid-day trading on Monday, reaching $15.24. The company’s stock had a trading volume of 249,362 shares, compared to its average volume of 1,879,100. The firm has a market capitalization of $3.69 billion, a PE ratio of 19.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a fifty day moving average of $16.14 and a two-hundred day moving average of $16.27. Apple Hospitality REIT, Inc. has a 52 week low of $14.22 and a 52 week high of $17.90.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Monday, April 29th. Apple Hospitality REIT’s payout ratio is presently 123.08%.

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.