Fort Washington Investment Advisors Inc. OH Has $14.13 Million Position in Apple Hospitality REIT, Inc. (NYSE:APLE)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 920,660 shares of the real estate investment trust’s stock after purchasing an additional 3,430 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Apple Hospitality REIT were worth $14,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of APLE. GAMMA Investing LLC grew its stake in Apple Hospitality REIT by 40.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,712 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 780 shares during the last quarter. Amalgamated Bank boosted its holdings in Apple Hospitality REIT by 1.2% during the second quarter. Amalgamated Bank now owns 68,525 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 813 shares during the period. First Trust Direct Indexing L.P. grew its position in shares of Apple Hospitality REIT by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 16,212 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 921 shares during the last quarter. Ellis Investment Partners LLC increased its stake in shares of Apple Hospitality REIT by 4.6% in the third quarter. Ellis Investment Partners LLC now owns 21,383 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 948 shares during the period. Finally, Inspire Advisors LLC lifted its position in shares of Apple Hospitality REIT by 8.2% during the 3rd quarter. Inspire Advisors LLC now owns 13,365 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.

Apple Hospitality REIT Stock Performance

Shares of NYSE APLE opened at $15.19 on Thursday. Apple Hospitality REIT, Inc. has a one year low of $13.60 and a one year high of $16.99. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $15.01. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.86 and a beta of 1.13.

Apple Hospitality REIT (NYSE:APLE) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The business had revenue of $378.84 million for the quarter, compared to the consensus estimate of $377.56 million. Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. During the same period in the previous year, the business posted $0.45 earnings per share. Sell-side analysts expect that Apple Hospitality REIT, Inc. will post 1.6 EPS for the current year.

Apple Hospitality REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a $0.08 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.32%. Apple Hospitality REIT’s dividend payout ratio is currently 112.94%.

Analyst Ratings Changes

Several brokerages have commented on APLE. BMO Capital Markets assumed coverage on Apple Hospitality REIT in a research report on Monday, December 9th. They issued an “outperform” rating and a $18.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Apple Hospitality REIT from a “sell” rating to a “hold” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Apple Hospitality REIT Profile

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.