Fox Run Management L.L.C. Purchases Shares of 58,986 Apple Hospitality REIT, Inc. (NYSE:APLE)

Fox Run Management L.L.C. purchased a new stake in Apple Hospitality REIT, Inc. (NYSE:APLE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 58,986 shares of the real estate investment trust’s stock, valued at approximately $905,000.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Apple Hospitality REIT by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,590,568 shares of the real estate investment trust’s stock worth $70,465,000 after purchasing an additional 133,505 shares during the period. Centiva Capital LP acquired a new stake in shares of Apple Hospitality REIT during the 3rd quarter valued at $1,067,000. Barclays PLC boosted its stake in shares of Apple Hospitality REIT by 118.8% during the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after buying an additional 229,293 shares during the period. KBC Group NV boosted its stake in shares of Apple Hospitality REIT by 37.8% during the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 2,541 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Apple Hospitality REIT by 44,346.3% during the 4th quarter. EMC Capital Management now owns 24,001 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 23,947 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APLE shares. Wells Fargo & Company decreased their target price on shares of Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a research note on Monday, December 9th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Apple Hospitality REIT Stock Down 1.5 %

APLE stock opened at $13.31 on Friday. 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, Inc. has a 1 year low of $13.01 and a 1 year high of $16.60. The company has a fifty day simple moving average of $14.79 and a 200 day simple moving average of $15.10. The firm has a market cap of $3.19 billion, a PE ratio of 15.65 and a beta of 1.12.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Apple Hospitality REIT had a net margin of 14.53% and a return on equity of 6.17%. The business had revenue of $333.04 million during the quarter, compared to analyst estimates of $330.11 million. Sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current fiscal year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend is Monday, March 31st. Apple Hospitality REIT’s dividend payout ratio is 109.09%.

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.