Kennedy Capital Management LLC Has $10.46 Million Stock Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Kennedy Capital Management LLC lowered its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 638,365 shares of the real estate investment trust’s stock after selling 36,104 shares during the quarter. Kennedy Capital Management LLC’s holdings in Apple Hospitality REIT were worth $10,456,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Apple Hospitality REIT by 11.9% in the 4th quarter. Blue Trust Inc. now owns 6,927 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 734 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Apple Hospitality REIT by 3.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 29,662 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 859 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Apple Hospitality REIT by 1.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 63,506 shares of the real estate investment trust’s stock worth $986,000 after acquiring an additional 1,050 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Apple Hospitality REIT by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,598 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Fortis Group Advisors LLC increased its position in Apple Hospitality REIT by 45.6% in the 1st quarter. Fortis Group Advisors LLC now owns 4,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,363 shares in the last quarter. 89.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on APLE shares. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush initiated coverage on Apple Hospitality REIT in a research report on Monday, June 3rd. They issued a “neutral” rating and a $15.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT currently has an average rating of “Hold” and a consensus price target of $17.40.

Insider Buying and Selling

In related news, Chairman Glade M. Knight bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $14.78 per share, for a total transaction of $73,900.00. Following the transaction, the chairman now owns 631,990 shares of the company’s stock, valued at $9,340,812.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the stock is owned by insiders.

Apple Hospitality REIT Trading Up 1.4 %

Shares of NYSE APLE traded up $0.21 during mid-day trading on Tuesday, hitting $15.21. The company’s stock had a trading volume of 2,755,645 shares, compared to its average volume of 2,070,885. Apple Hospitality REIT, Inc. has a one year low of $13.95 and a one year high of $17.90. The company’s fifty day simple moving average is $14.51 and its 200-day simple moving average is $15.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 17.70 and a beta of 1.11.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Apple Hospitality REIT had a net margin of 14.58% and a return on equity of 6.11%. The business had revenue of $329.51 million during the quarter, compared to analyst estimates of $324.68 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Apple Hospitality REIT, Inc. will post 1.4 earnings per share for the current fiscal year.

Apple Hospitality REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.31%. Apple Hospitality REIT’s dividend payout ratio is currently 111.63%.

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.