Stevens Capital Management LP Invests $195,000 in Apple Hospitality REIT, Inc. (NYSE:APLE)

Stevens Capital Management LP bought a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,762 shares of the real estate investment trust’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APLE. Vanguard Group Inc. increased its stake in Apple Hospitality REIT by 7.5% in 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 acquiring an additional 2,476,241 shares during the period. Principal Financial Group Inc. increased its stake in Apple Hospitality REIT by 19.9% in the third quarter. Principal Financial Group Inc. now owns 7,040,599 shares of the real estate investment trust’s stock valued at $108,003,000 after acquiring an additional 1,170,865 shares during the period. Bank of New York Mellon Corp increased its stake in Apple Hospitality REIT by 52.7% in the third quarter. Bank of New York Mellon Corp now owns 2,303,878 shares of the real estate investment trust’s stock valued at $35,341,000 after acquiring an additional 795,380 shares during the period. Ameriprise Financial Inc. increased its stake in Apple Hospitality REIT by 17.5% in 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 acquiring an additional 502,472 shares during the period. Finally, Legal & General Group Plc increased its stake in Apple Hospitality REIT by 24.7% in the third quarter. Legal & General Group Plc now owns 1,928,229 shares of the real estate investment trust’s stock valued at $29,579,000 after acquiring an additional 381,860 shares during the period. Institutional investors own 89.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on APLE. Bank of America cut shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $18.00 in a research note on Monday, January 8th. StockNews.com cut shares of Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.40.

Apple Hospitality REIT Price Performance

NYSE:APLE opened at $14.99 on Friday. The firm has a market cap of $3.63 billion, a PE ratio of 19.22 and a beta of 1.08. Apple Hospitality REIT, Inc. has a 12 month low of $14.22 and a 12 month high of $17.90. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $16.09 and its two-hundred day moving average price is $16.26.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.40%. Apple Hospitality REIT’s payout ratio is 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.