Yousif Capital Management LLC Has $1.30 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Yousif Capital Management LLC cut its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,803 shares of the real estate investment trust’s stock after selling 1,852 shares during the quarter. Yousif Capital Management LLC’s holdings in Apple Hospitality REIT were worth $1,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in Apple Hospitality REIT by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 780 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Apple Hospitality REIT by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 921 shares during the last quarter. Ellis Investment Partners LLC lifted its position in shares of Apple Hospitality REIT by 4.6% in the third quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 948 shares in the last quarter. Inspire Advisors LLC boosted its holdings in Apple Hospitality REIT by 8.2% during the third quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in Apple Hospitality REIT by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 169,222 shares of the real estate investment trust’s stock valued at $2,513,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 89.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on APLE. StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 22nd. Bank of America raised Apple Hospitality REIT from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $17.00 in a research report on Monday, January 27th. BMO Capital Markets started coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They set an “outperform” rating and a $18.00 price target 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 report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Apple Hospitality REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.60.

Apple Hospitality REIT Trading Up 0.4 %

Apple Hospitality REIT stock opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50-day simple moving average of $15.40 and a 200 day simple moving average of $15.08. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.01 and a beta of 1.13. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $16.99.

Apple Hospitality REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend is Friday, January 31st. Apple Hospitality REIT’s payout ratio is presently 112.94%.

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.