Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 38.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,754 shares of the real estate investment trust’s stock after selling 6,667 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Apple Hospitality REIT were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APLE. EdgeRock Capital LLC acquired a new stake in shares of Apple Hospitality REIT in the 2nd quarter valued at $26,000. Quarry LP raised its holdings in shares of Apple Hospitality REIT by 127.5% in the 2nd quarter. Quarry LP now owns 2,302 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,290 shares in the last quarter. GAMMA Investing LLC raised its stake in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 780 shares in the last quarter. Headlands Technologies LLC raised its stake in Apple Hospitality REIT by 4,406.5% during the 2nd quarter. Headlands Technologies LLC now owns 5,543 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 5,420 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in Apple Hospitality REIT during the 2nd quarter worth $99,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APLE. Wells Fargo & Company cut their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. StockNews.com upgraded shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Oppenheimer reiterated an “outperform” rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research note on Friday, November 8th. Four investment 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 stock has a consensus rating of “Hold” and a consensus price target of $16.50.

Apple Hospitality REIT Trading Up 1.4 %

Shares of Apple Hospitality REIT stock opened at $16.33 on Tuesday. Apple Hospitality REIT, Inc. has a 1 year low of $13.60 and a 1 year high of $17.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $3.92 billion, a P/E ratio of 19.20 and a beta of 1.11. The company’s fifty day moving average is $15.16 and its two-hundred day moving average is $14.69.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings data 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). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The business had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. During the same period in the previous year, the business posted $0.45 earnings per share. Analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Friday, November 29th. Apple Hospitality REIT’s payout ratio is currently 112.94%.

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.