Segall Bryant & Hamill LLC Purchases 12,089 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Segall Bryant & Hamill LLC raised its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,163 shares of the real estate investment trust’s stock after buying an additional 12,089 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.16% of Apple Hospitality REIT worth $5,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in shares of Apple Hospitality REIT during the 2nd quarter valued at $26,000. Quarry LP grew its position in Apple Hospitality REIT by 127.5% during the second quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,290 shares in the last quarter. GAMMA Investing LLC grew its position in Apple Hospitality REIT by 40.4% during the third quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 780 shares in the last quarter. Headlands Technologies LLC increased its stake in Apple Hospitality REIT by 4,406.5% in the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at about $99,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Price Performance

Shares of APLE stock opened at $16.09 on Friday. The business’s fifty day moving average is $15.12 and its 200 day moving average is $14.68. 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 stock has a market cap of $3.86 billion, a price-to-earnings ratio of 18.93 and a beta of 1.11. 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 issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the prior year, the firm earned $0.45 earnings per share. Research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 5.97%. Apple Hospitality REIT’s payout ratio is 112.94%.

Wall Street Analysts Forecast Growth

APLE has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Oppenheimer restated an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT 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.