Apple Hospitality REIT, Inc. (NYSE:APLE) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,767,740 shares of the real estate investment trust’s stock after purchasing an additional 29,781 shares during the quarter. Victory Capital Management Inc. owned approximately 2.82% of Apple Hospitality REIT worth $103,885,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Apple Hospitality REIT by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,457,063 shares of the real estate investment trust’s stock valued at $66,187,000 after purchasing an additional 182,917 shares during the period. Centiva Capital LP acquired a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at about $1,067,000. Barclays PLC boosted its position in shares of Apple Hospitality REIT by 118.8% in the 3rd quarter. Barclays PLC now owns 422,361 shares of the real estate investment trust’s stock valued at $6,273,000 after purchasing an additional 229,293 shares during the period. Foundry Partners LLC boosted its position in shares of Apple Hospitality REIT by 29.6% in the 3rd quarter. Foundry Partners LLC now owns 474,672 shares of the real estate investment trust’s stock valued at $7,049,000 after purchasing an additional 108,523 shares during the period. Finally, KBC Group NV boosted its position in shares of Apple Hospitality REIT by 37.8% in the 4th quarter. KBC Group NV now owns 9,257 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,541 shares during the period. 89.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APLE has been the subject of a number of recent research reports. Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $17.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their price objective on Apple Hospitality REIT from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. BMO Capital Markets initiated coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price objective (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com raised Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.80.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $14.54 on Thursday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 17.11 and a beta of 1.13. The stock has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $15.15. Apple Hospitality REIT, Inc. has a 12-month low of $13.60 and a 12-month high of $16.99. 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 earnings results on Monday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $333.04 million during the quarter, compared to the consensus estimate of $330.11 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, equities analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, February 28th. Apple Hospitality REIT’s payout ratio is currently 109.09%.

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.