Community Bank of Raymore Has $181,000 Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Community Bank of Raymore reduced its holdings in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,800 shares of the real estate investment trust’s stock after selling 700 shares during the quarter. Community Bank of Raymore’s holdings in Apple Hospitality REIT were worth $181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Apple Hospitality REIT by 11.9% in the 3rd quarter. Victory Capital Management Inc. now owns 6,737,959 shares of the real estate investment trust’s stock valued at $100,059,000 after buying an additional 718,844 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Apple Hospitality REIT by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,761,364 shares of the real estate investment trust’s stock valued at $85,571,000 after acquiring an additional 62,149 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Apple Hospitality REIT by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 5,243,575 shares of the real estate investment trust’s stock valued at $77,867,000 after acquiring an additional 18,858 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Apple Hospitality REIT by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock worth $66,187,000 after acquiring an additional 182,917 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Apple Hospitality REIT by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock valued at $49,072,000 after purchasing an additional 154,159 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Apple Hospitality REIT Stock Down 0.3 %

APLE opened at $15.05 on Monday. The stock’s fifty day simple moving average is $15.60 and its 200 day simple moving average is $14.99. Apple Hospitality REIT, Inc. has a 1-year low of $13.60 and a 1-year high of $16.99. The stock has a market cap of $3.61 billion, a PE ratio of 17.70 and a beta of 1.13. 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 issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $378.84 million during the quarter, compared to the consensus estimate 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 earned $0.45 earnings per share. As a group, research analysts expect that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.08 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.38%. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 112.94%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APLE. StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. BMO Capital Markets started coverage on shares of Apple Hospitality REIT in a report on Monday, December 9th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.