Dakota Wealth Management Decreases Stock Position in Apple Hospitality REIT, Inc. $APLE

Dakota Wealth Management lessened its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 22.6% in the 3rd quarter, Holdings Channel reports. The firm owned 260,137 shares of the real estate investment trust’s stock after selling 76,118 shares during the period. Dakota Wealth Management’s holdings in Apple Hospitality REIT were worth $3,124,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of Apple Hospitality REIT by 12,230.0% in the second quarter. Hantz Financial Services Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 2,446 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Apple Hospitality REIT by 295.9% during the 1st quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,814 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Apple Hospitality REIT by 1,375.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,640 shares in the last quarter. Cloud Capital Management LLC bought a new stake in Apple Hospitality REIT in the 3rd quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Apple Hospitality REIT by 97.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,872 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on APLE. Bank of America lowered shares of Apple Hospitality REIT from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Tuesday, November 4th. Barclays began coverage on shares of Apple Hospitality REIT in a report on Tuesday, January 6th. They issued an “overweight” rating and a $14.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research report on Friday, December 26th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.92.

Apple Hospitality REIT Stock Down 0.7%

NYSE APLE opened at $12.13 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.03. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $14.96. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.39 and a beta of 0.84. The company has a fifty day moving average of $12.16 and a two-hundred day moving average of $12.07.

Apple Hospitality REIT (NYSE:APLE) last released its earnings results on Monday, February 23rd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.16). Apple Hospitality REIT had a return on equity of 5.48% and a net margin of 12.42%.The firm had revenue of $326.44 million during the quarter, compared to the consensus estimate of $322.60 million. On average, analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 7.9%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 131.51%.

Insider Activity

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were purchased at an average price of $11.91 per share, with a total value of $59,550.00. Following the completion of the purchase, the chairman owned 710,344 shares in the company, valued at $8,460,197.04. This represents a 0.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.10% of the stock is owned by company insiders.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.