Dimensional Fund Advisors LP raised its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Get Rating) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,103,296 shares of the real estate investment trust's stock after purchasing an additional 17,667 shares during the period. Dimensional Fund Advisors LP owned 1.36% of Apple Hospitality REIT worth $43,633,000 at the end of the most recent quarter.
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Several other hedge funds and other institutional investors have also added to or reduced their stakes in APLE. O Shaughnessy Asset Management LLC lifted its stake in shares of Apple Hospitality REIT by 6.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 11,609 shares of the real estate investment trust's stock worth $170,000 after buying an additional 661 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Apple Hospitality REIT by 1.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 68,077 shares of the real estate investment trust's stock worth $957,000 after purchasing an additional 700 shares during the last quarter. Lido Advisors LLC increased its position in Apple Hospitality REIT by 1.5% during the first quarter. Lido Advisors LLC now owns 52,034 shares of the real estate investment trust's stock worth $935,000 after purchasing an additional 786 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Apple Hospitality REIT during the first quarter worth about $25,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Apple Hospitality REIT by 0.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 157,292 shares of the real estate investment trust's stock valued at $2,212,000 after acquiring an additional 1,422 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.
Shares of APLE stock opened at $16.51 on Wednesday. The firm's 50-day simple moving average is $16.70 and its 200-day simple moving average is $16.29. The firm has a market cap of $3.78 billion, a P/E ratio of 25.80, a PEG ratio of 0.38 and a beta of 1.18. Apple Hospitality REIT, Inc. has a 1-year low of $13.79 and a 1-year high of $18.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.03 and a quick ratio of 0.03.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, February 27th. Apple Hospitality REIT's dividend payout ratio (DPR) is currently 150.00%.
In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 5,000 shares of the firm's stock in a transaction on Monday, February 27th. The stock was purchased at an average cost of $16.90 per share, for a total transaction of $84,500.00. Following the transaction, the chairman now owns 503,093 shares of the company's stock, valued at approximately $8,502,271.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on the stock. StockNews.com cut shares of Apple Hospitality REIT from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. Wells Fargo & Company boosted their price objective on shares of 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Apple Hospitality REIT presently has an average rating of "Hold" and an average 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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