Canada Pension Plan Investment Board lessened its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Get Rating) by 43.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,300 shares of the real estate investment trust's stock after selling 83,600 shares during the quarter. Canada Pension Plan Investment Board's holdings in Apple Hospitality REIT were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Apple Hospitality REIT by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 33,258,207 shares of the real estate investment trust's stock worth $597,649,000 after purchasing an additional 452,722 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Apple Hospitality REIT by 4.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,952,807 shares of the real estate investment trust's stock worth $234,028,000 after purchasing an additional 718,297 shares in the last quarter. State Street Corp grew its holdings in shares of Apple Hospitality REIT by 0.5% during the 2nd quarter. State Street Corp now owns 10,438,176 shares of the real estate investment trust's stock worth $153,128,000 after purchasing an additional 49,411 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple Hospitality REIT by 37.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,480,292 shares of the real estate investment trust's stock worth $80,511,000 after purchasing an additional 1,215,575 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Apple Hospitality REIT by 14.4% during the 2nd quarter. Deutsche Bank AG now owns 4,040,823 shares of the real estate investment trust's stock worth $59,279,000 after purchasing an additional 507,544 shares in the last quarter. Institutional investors and hedge funds own 79.39% of the company's stock.
Shares of APLE opened at $16.64 on Tuesday. The stock has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $16.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.03 and a current ratio of 0.03. Apple Hospitality REIT, Inc. has a 52-week low of $13.79 and a 52-week high of $18.69. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 0.38 and a beta of 1.18.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.96 annualized dividend and a yield of 5.77%. Apple Hospitality REIT's payout ratio is 150.00%.
Several equities analysts recently commented on APLE shares. Wells Fargo & Company raised their target price on Apple Hospitality REIT from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 2nd. StockNews.com downgraded Apple Hospitality REIT from a "hold" rating to a "sell" rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.75.
Apple Hospitality REIT, Inc is a self-advised real estate investment trust company, which invests in income-producing real estate, primarily in the lodging sector. It owns hotels located in urban, high-end suburban, and developing markets throughout states, which operates under Marriott, Hilton, or Hyatt brands.
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