Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,852 shares of the real estate investment trust’s stock after selling 11,353 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Apple Hospitality REIT were worth $2,879,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC lifted its stake in Apple Hospitality REIT by 28.8% in the 3rd quarter. Metis Global Partners LLC now owns 23,056 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 5,157 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Apple Hospitality REIT by 45.4% in the third quarter. Oppenheimer & Co. Inc. now owns 18,970 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 5,920 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Apple Hospitality REIT by 11.9% in the third quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock worth $100,059,000 after acquiring an additional 718,844 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Apple Hospitality REIT during the third quarter worth approximately $526,000. Finally, State of New Jersey Common Pension Fund D raised its stake in Apple Hospitality REIT by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 267,395 shares of the real estate investment trust’s stock valued at $3,971,000 after purchasing an additional 6,304 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Down 0.9 %

Shares of APLE opened at $16.17 on Wednesday. The stock has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $14.70. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.88 billion, a PE ratio of 19.02 and a beta of 1.11. Apple Hospitality REIT, Inc. has a 52-week low of $13.60 and a 52-week high of $17.90.

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

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Friday, November 29th. Apple Hospitality REIT’s payout ratio is 112.94%.

Analyst Ratings Changes

Several brokerages have issued reports on APLE. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 22nd. Wells Fargo & Company lowered 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 report on Friday, September 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.50.

About Apple Hospitality REIT

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.