Apple Hospitality REIT, Inc. $APLE Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 91.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 109,512 shares of the real estate investment trust’s stock after acquiring an additional 52,446 shares during the quarter. SG Americas Securities LLC’s holdings in Apple Hospitality REIT were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Centerbridge Partners L.P. boosted its holdings in shares of Apple Hospitality REIT by 18.4% in the third quarter. Centerbridge Partners L.P. now owns 2,247,785 shares of the real estate investment trust’s stock valued at $26,996,000 after acquiring an additional 350,000 shares during the period. Strs Ohio boosted its holdings in shares of Apple Hospitality REIT by 18.1% in the third quarter. Strs Ohio now owns 979,334 shares of the real estate investment trust’s stock valued at $11,762,000 after acquiring an additional 150,000 shares during the period. Caxton Associates LLP purchased a new stake in shares of Apple Hospitality REIT during the second quarter worth approximately $1,794,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Apple Hospitality REIT by 285.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,350,787 shares of the real estate investment trust’s stock worth $15,764,000 after purchasing an additional 1,000,214 shares during the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Apple Hospitality REIT during the third quarter worth approximately $5,129,000. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on APLE shares. Weiss Ratings restated a “hold (c)” rating on shares of Apple Hospitality REIT in a research note on Friday, December 26th. Barclays cut their price target on Apple Hospitality REIT from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their price target on Apple Hospitality REIT from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 24th. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price target on shares of Apple Hospitality REIT in a research note on Tuesday, March 3rd. Finally, LADENBURG THALM/SH SH started coverage on Apple Hospitality REIT in a research note on Thursday, March 26th. They set a “neutral” rating and a $13.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apple Hospitality REIT has an average rating of “Hold” and a consensus target price of $12.64.

Apple Hospitality REIT Trading Up 0.5%

NYSE:APLE opened at $11.65 on Wednesday. The stock has a fifty day moving average price of $11.98 and a two-hundred day moving average price of $11.92. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 15.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.40 and a current ratio of 0.40. Apple Hospitality REIT, Inc. has a 1 year low of $10.44 and a 1 year high of $13.27.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data 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). The business had revenue of $326.44 million during the quarter, compared to analysts’ expectations of $322.60 million. Apple Hospitality REIT had a return on equity of 5.50% and a net margin of 12.42%. As a group, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.08 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.2%. Apple Hospitality REIT’s dividend payout ratio is presently 129.73%.

Apple Hospitality REIT Profile

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.