Alyeska Investment Group L.P. Has $10.93 Million Stock Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Alyeska Investment Group L.P. grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 711,971 shares of the real estate investment trust’s stock after purchasing an additional 58,453 shares during the period. Alyeska Investment Group L.P. owned about 0.30% of Apple Hospitality REIT worth $10,929,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APLE. Price T Rowe Associates Inc. MD lifted its position in Apple Hospitality REIT by 27.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,239,061 shares of the real estate investment trust’s stock worth $126,472,000 after buying an additional 1,761,996 shares in the last quarter. Norges Bank bought a new stake in Apple Hospitality REIT during the fourth quarter worth about $21,099,000. ExodusPoint Capital Management LP boosted its position in Apple Hospitality REIT by 126.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 899,842 shares of the real estate investment trust’s stock valued at $13,813,000 after purchasing an additional 503,114 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Apple Hospitality REIT in the fourth quarter valued at approximately $5,451,000. Finally, Advisors Preferred LLC acquired a new position in shares of Apple Hospitality REIT during the 4th quarter worth approximately $4,651,000. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $11.49 on Tuesday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 13.52 and a beta of 1.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. Apple Hospitality REIT, Inc. has a 52 week low of $10.44 and a 52 week high of $16.50. The company has a 50-day simple moving average of $12.66 and a 200 day simple moving average of $14.45.

Apple Hospitality REIT (NYSE:APLE) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $327.70 million for the quarter, compared to the consensus estimate of $332.86 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. On average, sell-side analysts predict that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th 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 8.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Apple Hospitality REIT’s dividend payout ratio is currently 121.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APLE shares. Bank of America raised shares of Apple Hospitality REIT from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $17.00 in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.80.

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.