Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 45.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,970 shares of the real estate investment trust’s stock after purchasing an additional 5,920 shares during the period. Oppenheimer & Co. Inc.’s holdings in Apple Hospitality REIT were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares during the period. Amalgamated Bank raised its position in Apple Hospitality REIT by 1.2% in the second quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 813 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Apple Hospitality REIT by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 921 shares during the period. Ellis Investment Partners LLC boosted its position in shares of Apple Hospitality REIT by 4.6% during the 3rd quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 948 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in shares of Apple Hospitality REIT by 8.2% during the 3rd quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,008 shares during the period. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Oppenheimer reissued an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Stock Performance

Shares of APLE opened at $16.09 on Friday. The company has a 50-day moving average of $15.12 and a two-hundred day moving average of $14.68. The stock has a market cap of $3.86 billion, a P/E ratio of 18.93 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 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to analysts’ expectations of $377.56 million. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. During the same period in the previous year, the company posted $0.45 EPS. As a group, research analysts predict that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Friday, November 29th. Apple Hospitality REIT’s dividend payout ratio is presently 112.94%.

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.