Crestline Management LP grew its position in Apple Hospitality REIT Inc (NYSE:APLE) by 42.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,402 shares of the real estate investment trust’s stock after purchasing an additional 102,702 shares during the period. Apple Hospitality REIT makes up approximately 0.7% of Crestline Management LP’s holdings, making the stock its 13th largest holding. Crestline Management LP owned approximately 0.15% of Apple Hospitality REIT worth $4,897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brinker Capital Inc. bought a new position in Apple Hospitality REIT during the 4th quarter worth $266,000. Barclays PLC grew its stake in Apple Hospitality REIT by 44.7% during the 4th quarter. Barclays PLC now owns 435,567 shares of the real estate investment trust’s stock worth $6,212,000 after buying an additional 134,599 shares during the last quarter. Lido Advisors LLC grew its stake in Apple Hospitality REIT by 7.8% during the 4th quarter. Lido Advisors LLC now owns 27,518 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 2,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Apple Hospitality REIT by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,552,907 shares of the real estate investment trust’s stock worth $50,663,000 after buying an additional 70,176 shares during the last quarter. Finally, Neuburgh Advisers LLC grew its stake in Apple Hospitality REIT by 274.7% during the 4th quarter. Neuburgh Advisers LLC now owns 204,248 shares of the real estate investment trust’s stock worth $2,912,000 after buying an additional 149,732 shares during the last quarter. 55.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Apple Hospitality REIT stock opened at $16.45 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.56, a PEG ratio of 1.96 and a beta of 0.87. Apple Hospitality REIT Inc has a fifty-two week low of $13.81 and a fifty-two week high of $19.28.
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 18th. Stockholders of record on Tuesday, March 5th will be issued a $0.10 dividend. The ex-dividend date is Monday, March 4th. This represents a $1.20 annualized dividend and a dividend yield of 7.29%.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. ValuEngine upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. TheStreet lowered Apple Hospitality REIT from a “b-” rating to a “c+” rating in a research report on Thursday, January 3rd. Barclays reiterated a “hold” rating and set a $18.00 price target on shares of Apple Hospitality REIT in a research report on Sunday, February 10th. Finally, B. Riley reiterated a “buy” rating on shares of Apple Hospitality REIT in a research report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.67.
In other news, insider Glade M. Knight acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was acquired at an average price of $16.54 per share, for a total transaction of $82,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daryl Arthur Nickel acquired 24,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $16.44 per share, with a total value of $394,560.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 30,000 shares of company stock valued at $493,640. Insiders own 6.30% of the company’s stock.
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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, select-service hotels in the United States. Apple Hospitality's portfolio consists of 241 hotels with more than 30,700 guest rooms located in 88 markets throughout 34 states.
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