Sei Investments Co. Has $3.67 Million Holdings in Apple Hospitality REIT, Inc. $APLE

Sei Investments Co. grew its holdings in Apple Hospitality REIT, Inc. (NYSE:APLE) by 21.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 319,178 shares of the real estate investment trust’s stock after purchasing an additional 56,493 shares during the quarter. Sei Investments Co.’s holdings in Apple Hospitality REIT were worth $3,674,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of APLE. NewEdge Advisors LLC raised its stake in shares of Apple Hospitality REIT by 295.9% during the first quarter. NewEdge Advisors LLC now owns 2,427 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,814 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Apple Hospitality REIT by 1,375.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,832 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,640 shares during the last quarter. Danske Bank A S bought a new position in Apple Hospitality REIT in the third quarter valued at approximately $36,000. Godfrey Financial Associates Inc. acquired a new stake in Apple Hospitality REIT during the 4th quarter worth $43,000. Finally, Smartleaf Asset Management LLC grew its holdings in Apple Hospitality REIT by 97.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,792 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,872 shares during the period. Institutional investors own 89.66% of the company’s stock.

Insiders Place Their Bets

In other Apple Hospitality REIT news, Chairman Glade M. Knight bought 5,000 shares of Apple Hospitality REIT stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $13.96 per share, for a total transaction of $69,800.00. Following the completion of the acquisition, the chairman owned 747,191 shares in the company, valued at approximately $10,430,786.36. The trade was a 0.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.90% of the company’s stock.

Apple Hospitality REIT Stock Down 3.0%

Shares of NYSE:APLE opened at $16.05 on Friday. The company has a 50 day moving average price of $16.37 and a two-hundred day moving average price of $13.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $3.79 billion, a PE ratio of 21.69, a PEG ratio of 3.24 and a beta of 0.88. Apple Hospitality REIT, Inc. has a 52 week low of $10.85 and a 52 week high of $17.28.

Apple Hospitality REIT (NYSE:APLE) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Apple Hospitality REIT had a net margin of 12.17% and a return on equity of 5.56%. The company had revenue of $402.55 million for the quarter, compared to analysts’ expectations of $391.88 million. Analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, July 31st. Apple Hospitality REIT’s dividend payout ratio (DPR) is presently 131.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Apple Hospitality REIT from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on Apple Hospitality REIT from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH upped their price objective on Apple Hospitality REIT from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Cantor Fitzgerald increased their target price on Apple Hospitality REIT from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded Apple Hospitality REIT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Apple Hospitality REIT has a consensus rating of “Hold” and a consensus target price of $16.00.

About Apple Hospitality REIT

Apple Hospitality REIT (NYSE: APLE) is a publicly traded real estate investment trust that focuses on acquiring, owning and operating high-quality, upscale, select-service hotels. The company’s portfolio primarily consists of properties operated under premium franchise agreements with leading lodging brands such as Marriott, Hilton and Hyatt. Apple Hospitality REIT is self-managed and internally advised, overseeing property management, revenue optimization and asset-level operations through its in-house team of hospitality professionals.

The company’s holdings encompass over 200 hotels featuring more than 30,000 guest rooms across a diverse array of markets in the United States.