Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 24.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,951 shares of the real estate investment trust’s stock after purchasing an additional 25,459 shares during the quarter. QRG Capital Management Inc. owned 0.05% of Apple Hospitality REIT worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APLE. BNP Paribas Financial Markets grew its stake in Apple Hospitality REIT by 27.2% during the 1st quarter. BNP Paribas Financial Markets now owns 108,191 shares of the real estate investment trust’s stock valued at $1,772,000 after purchasing an additional 23,127 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Apple Hospitality REIT by 6.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 69,089 shares of the real estate investment trust’s stock worth $1,132,000 after acquiring an additional 4,430 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of Apple Hospitality REIT by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 186,232 shares of the real estate investment trust’s stock worth $3,050,000 after acquiring an additional 2,436 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Apple Hospitality REIT by 196.2% in the 1st quarter. SG Americas Securities LLC now owns 28,322 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 18,760 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Apple Hospitality REIT in the 1st quarter worth approximately $278,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

Apple Hospitality REIT Trading Down 0.9 %

Shares of NYSE APLE opened at $15.61 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 18.36 and a beta of 1.11. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $17.90. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $14.81 and its 200 day simple moving average is $14.63.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a return on equity of 6.16% and a net margin of 14.53%. During the same period last year, the business posted $0.45 EPS. Equities research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Thursday, October 31st. Apple Hospitality REIT’s payout ratio is currently 112.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APLE. StockNews.com upgraded Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Apple Hospitality REIT in a research report on Friday, October 4th. Finally, Wells Fargo & Company decreased their target price on Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.25.

Apple Hospitality REIT 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.