New York State Teachers Retirement System Increases Stake in Apple Hospitality REIT, Inc. (NYSE:APLE)

New York State Teachers Retirement System boosted its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 14.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,988 shares of the real estate investment trust’s stock after buying an additional 14,053 shares during the quarter. New York State Teachers Retirement System’s holdings in Apple Hospitality REIT were worth $1,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in Apple Hospitality REIT during the 1st quarter valued at $25,000. Advisory Services Network LLC raised its holdings in Apple Hospitality REIT by 255.5% during the 1st quarter. Advisory Services Network LLC now owns 2,087 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,500 shares during the last quarter. Quantbot Technologies LP bought a new stake in Apple Hospitality REIT during the 3rd quarter valued at $72,000. First Manhattan Co. bought a new stake in Apple Hospitality REIT during the 1st quarter valued at $99,000. Finally, Captrust Financial Advisors bought a new stake in Apple Hospitality REIT during the 2nd quarter valued at $84,000. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Stock Down 2.0 %

Shares of NYSE APLE opened at $15.32 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. Apple Hospitality REIT, Inc. has a 12 month low of $14.22 and a 12 month high of $17.90. The firm has a market capitalization of $3.71 billion, a PE ratio of 19.63 and a beta of 1.08. The firm has a fifty day simple moving average of $16.21 and a two-hundred day simple moving average of $16.27.

Apple Hospitality REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.08 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.96 annualized dividend and a dividend yield of 6.27%. Apple Hospitality REIT’s payout ratio is 123.08%.

Analyst Upgrades and Downgrades

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

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.