Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 86.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,730 shares of the real estate investment trust’s stock after buying an additional 69,123 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of Apple Hospitality REIT worth $2,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APLE. B. Riley Wealth Advisors Inc. increased its stake in Apple Hospitality REIT by 3.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 29,662 shares of the real estate investment trust’s stock worth $497,000 after purchasing an additional 859 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Apple Hospitality REIT by 1.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 63,506 shares of the real estate investment trust’s stock worth $986,000 after purchasing an additional 1,050 shares during the period. Aurora Investment Counsel grew its position in Apple Hospitality REIT by 4.5% during the 1st quarter. Aurora Investment Counsel now owns 26,799 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 1,156 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Apple Hospitality REIT by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,598 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 1,357 shares during the period. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Apple Hospitality REIT by 45.6% in the first quarter. Fortis Group Advisors LLC now owns 4,349 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,363 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush assumed coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They set a “neutral” rating and a $15.00 price target on the stock. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.40.

Insider Buying and Selling at Apple Hospitality REIT

In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of Apple Hospitality REIT stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $14.78 per share, with a total value of $73,900.00. Following the completion of the transaction, the chairman now owns 631,990 shares of the company’s stock, valued at $9,340,812.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Apple Hospitality REIT Stock Up 0.1 %

NYSE APLE traded up $0.01 during trading on Wednesday, reaching $14.04. The company’s stock had a trading volume of 1,238,490 shares, compared to its average volume of 2,106,918. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.40 billion, a PE ratio of 16.31 and a beta of 1.11. Apple Hospitality REIT, Inc. has a 1-year low of $13.72 and a 1-year high of $17.90. The business has a 50-day moving average price of $14.52 and a 200-day moving average price of $15.33.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The company had revenue of $390.08 million for the quarter, compared to analyst estimates of $388.82 million. During the same period in the prior year, the company posted $0.49 EPS. On average, research analysts forecast that Apple Hospitality REIT, Inc. will post 1.4 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Wednesday, July 31st. Apple Hospitality REIT’s dividend payout ratio is 111.63%.

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.