Arizona State Retirement System Sells 1,185 Shares of Apple Hospitality REIT, Inc. (NYSE:APLE)

Arizona State Retirement System decreased its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,762 shares of the real estate investment trust’s stock after selling 1,185 shares during the quarter. Arizona State Retirement System’s holdings in Apple Hospitality REIT were worth $1,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of APLE. Public Sector Pension Investment Board purchased a new stake in shares of Apple Hospitality REIT in the third quarter valued at approximately $4,034,000. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 2,476,241 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of 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 purchasing an additional 502,472 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Apple Hospitality REIT in the third quarter valued at approximately $2,182,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Apple Hospitality REIT by 396.0% in the third quarter. New York State Teachers Retirement System now owns 94,935 shares of the real estate investment trust’s stock valued at $1,456,000 after purchasing an additional 75,795 shares during the period. Institutional investors own 89.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APLE shares. Wells Fargo & Company boosted their price target on Apple Hospitality REIT from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Bank of America lowered Apple Hospitality REIT from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $18.00 in a report on Monday, January 8th. Finally, StockNews.com lowered Apple Hospitality REIT from a “hold” rating to a “sell” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of “Hold” and an average price target of $18.40.

Apple Hospitality REIT Stock Down 1.3 %

Apple Hospitality REIT stock opened at $15.62 on Tuesday. The business has a fifty day moving average of $16.22 and a two-hundred day moving average of $16.27. 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 firm has a market cap of $3.79 billion, a P/E ratio of 20.03 and a beta of 1.08. Apple Hospitality REIT, Inc. has a twelve month low of $14.22 and a twelve month high of $17.90.

Apple Hospitality REIT Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 dividend on an annualized basis and a yield of 6.15%. Apple Hospitality REIT’s dividend payout ratio is currently 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.