UBS Group AG lessened its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE - Get Rating) by 32.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,592 shares of the real estate investment trust's stock after selling 66,363 shares during the period. UBS Group AG owned about 0.06% of Apple Hospitality REIT worth $1,920,000 as of its most recent filing with the SEC.
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Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Apple Hospitality REIT by 0.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 157,292 shares of the real estate investment trust's stock worth $2,212,000 after purchasing an additional 1,422 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in Apple Hospitality REIT by 35.5% during the 3rd quarter. Congress Asset Management Co. MA now owns 355,546 shares of the real estate investment trust's stock worth $4,999,000 after acquiring an additional 93,207 shares during the period. Allianz Asset Management GmbH grew its holdings in Apple Hospitality REIT by 115.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 617,331 shares of the real estate investment trust's stock worth $8,680,000 after acquiring an additional 331,300 shares during the period. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of Apple Hospitality REIT in the 3rd quarter valued at about $81,000. Institutional investors own 79.39% of the company's stock.
APLE opened at $16.58 on Thursday. Apple Hospitality REIT, Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $18.69. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 0.53 and a beta of 1.17. The company has a fifty day moving average of $16.81 and a 200 day moving average of $16.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.03 and a current ratio of 0.03.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be issued a $0.08 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.96 annualized dividend and a dividend yield of 5.79%. Apple Hospitality REIT's dividend payout ratio is currently 150.00%.
In other news, Chairman Glade M. Knight acquired 5,000 shares of the business's stock in a transaction dated Monday, February 27th. The shares were purchased at an average price of $16.90 per share, with a total value of $84,500.00. Following the transaction, the chairman now directly owns 503,093 shares in the company, valued at $8,502,271.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.80% of the company's stock.
APLE has been the topic of several recent analyst reports. StockNews.com raised shares of Apple Hospitality REIT from a "sell" rating to a "hold" rating in a research report on Friday, March 3rd. Wells Fargo & Company lifted their price objective on shares of Apple Hospitality REIT from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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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